Responsible Lending

PaydayLoans1.ca and our trusted lenders will only enter into a business relationship with those who have the means to handle the costs and conditions of this type of loan. Our lenders will not loan to those who are receiving pension, disability, Employment Insurance Benefits, on Maternity or medical leave, paid by commission only, substitute teachers, and independent contractors as their financial stability is uncertain.

To ensure you are not taking more than you are able to repay your first loan amount will not exceed 30% of your net income. Once you have consistently repaid your loans on time, you will become an established customer and your loan limit may be increased by one of our trusted lenders.

How can I ensure I am using my payday loan responsibly?

Be sure to understand all fees and charges associated with any form of credit before making your choice.
Never use this short-term solution for a long-term financial challenge.
Never borrow more than you will be able to pay back in full on your scheduled repayment date.

What if my financial obligations become overwhelming?

If you are having difficulties repaying your financial obligations on time, you may also wish to speak to a credit counsellor. Credit Counselling Canada is the national association of not-for-profit credit counselling and government agencies that work provincially, regionally and locally throughout Canada. Feel free to visit them online at www.creditcounsellingcanada.ca or by calling 1-888-527-8999.

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PaydayLoans1.ca is not a lending or banking institution. It does not broker loans to lending institutions. The personal information you provide will be provided to a third party lender to provide you with a loan application and the potential to receive a loan.PaydayLoans1.ca makes no guarantees or warranties with regards to the availability of a loan or any other aspect of the terms and conditions of the lending institution. PaydayLoans1.ca is a free service. PaydayLoans1.ca may receive a commission from any lenders we introduce you to. For details, questions, or concerns regarding your loan, please contact the lending institution directly. Not all lenders can provide up to $1500. Cash transfer time may vary between lenders. We assume no responsibility for the services or information you may receive from the lender. All loans are subject to credit approval. Certain limitations apply.Payday advances should be used for short-term financial needs only, not as a long-term financial solution. Customers with credit difficulties should seek credit counselling or debt advice. Disclaimer: As a condition of extending credit, some lenders you may be matched with may run a credit check from a major credit reporting bureau.

Terms and Conditions apply. Fees displayed are typical but cannot be guaranteed. Your actual rates may vary based on your circumstances and the lender we select.

Alberta: Representative APR (Annual Percentage Rate of charge): Representative example: Borrow $300 for 14 days. The total charge for credit is $68.94. Interest is fixed at a rate of $22.98 per $100 loan equivalent to an annual rate of 599.12% fixed. The total repayable is $368.94. Representative APR 599.12%. The APR includes important factors such as the interest rate you must pay; how you repay the loan; the length of the loan agreement (or term); frequency and timing of installment payments; and amount of each payment.

Ontario: Representative APR (Annual Percentage Rate of charge): Representative example: Borrow $300 for 14 days. The total charge for credit is $62.94. Interest is fixed at a rate of $20.98 per $100 loan equivalent to an annual rate of 546.98% fixed. The total repayable is $362.94. Representative APR 546.98%. The APR includes important factors such as the interest rate you must pay; how you repay the loan; the length of the loan agreement (or term); frequency and timing of installment payments; and amount of each payment.

* Subject to approval times and lender's own policies. In most cases, funds will be deposited the same working day, if approved by 14:30. Approval may take up to 30 minutes in most cases. Loan amounts are based on consumers credit history and ability to repay loan. Not everyone may qualify.