Payday Loans Ontario – $100 to $1,500

Need cash before payday in Ontario? Get matched with a licensed ON lender in minutes. All credit considered, funds often by Interac e-Transfer, costs capped by Ontario law.

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See ON Costs

Licensed Ontario lenders
All credit considered
Max $14 per $100 (capped)
Funds by e-Transfer

Photo by Isnar Silva on Pexels

By Daniel Caron, Short-Term Lending Writer at Get Payday Loans Canada · Published June 6, 2026 · Last updated July 18, 2026

Payday loans Ontario are small, short-term loans of $100 to $1,500 that you repay on your next payday. Get Payday Loans Canada connects you with licensed lenders serving Ontario, and the maximum you can be charged is set by provincial law.

We are not a lender. Get Payday Loans Canada is a free matching service that connects Ontario residents with licensed payday lenders. Your cost and terms are set by the lender within Ontario’s legal limits.

What Payday Loans Cost in Ontario

In Ontario, a payday lender can charge a maximum of $14 per $100 borrowed — the federal cap in force since January 1, 2025. Here’s what that looks like for a typical 14-day loan:

Amount borrowed	Maximum cost (at $14 per $100)	Total to repay
$100	$14	$114
$300	$42	$342
$500	$70	$570
$1,000	$140	$1150

Run the numbers first: payday loans Ontario lenders offer are capped per $100 by law. Photo via Pexels.

A $300 payday loan at $14 per $100 for 14 days has an APR of roughly 365%. Caps can change – confirm the current Ontario maximum with your regulator or the Financial Consumer Agency of Canada.

Payday Loan Rules in Ontario

Payday loans in Ontario are provincially regulated on top of the federal $14-per-$100 cost cap — these are the protections every licensed lender in the province must honour.

Maximum cost: $14 per $100 borrowed.
Maximum loan: up to $1,500 (lenders often limit first loans to 50% of your net pay).
Cooling-off period: you can usually cancel within two business days at no cost.
Regulator: payday lenders must be licensed by the Ontario Ministry of Public and Business Service Delivery under the Payday Loans Act, 2008.
Rollovers: taking a new payday loan to pay off another is restricted to protect borrowers.

You can read the official rules from Ontario’s regulator.

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How to Get a Payday Loan in Ontario

Getting a payday loan in Ontario takes about five minutes online: apply, verify your income with a 60-second IBV check, review the disclosed cost of borrowing, and e-sign to receive funds by Interac e-Transfer.

Apply online with your amount ($100-$1,500) and income details.
Get matched with a licensed Ontario lender.
Verify income with IBV – a secure, read-only, 60-second bank connection that doesn’t affect your credit score.
Get funded – review your cost of borrowing, e-sign, and receive funds, often by e-Transfer the same business day.

Most payday loans Ontario borrowers apply for are funded by Interac e-Transfer after a five-minute application. Photo via Pexels.

Who Qualifies in Ontario

Most working Ontario residents qualify: the age of majority, steady full-time or part-time employment income, and a Canadian bank account for the IBV income check.

Age of majority (18+ in Ontario) and an Ontario resident
A steady source of income
An active Canadian bank account
A valid email and phone number

Approval is based mainly on income, so all credit types are considered. Applying at night or on a weekend? See how 24/7 payday loans Ontario applications are handled after hours.

Payday Loans Across Ontario

We connect borrowers with licensed lenders in communities across Ontario, including Toronto, Ottawa, Mississauga, Brampton, Hamilton, London.

payday loans Ontario agreements must show the total cost in dollars before you sign. Photo via Pexels.

Payday Loans Ontario FAQs

How much can I borrow in Ontario?

Payday loans Ontario range from $100 to $1,500. Many first loans are limited to about half your net pay.

What’s the most a lender can charge in Ontario?

The legal maximum is $14 per $100 borrowed. Always review the total cost of borrowing before signing.

Can I get one with bad credit in Ontario?

Yes. Lenders consider all credit types because approval is based mainly on your income, confirmed through Instant Bank Verification.

How soon can I get funded in Ontario?

Many Ontario borrowers are approved within minutes and funded by Interac e-Transfer the same business day.

Apply for a Payday Loan in Ontario

The payday loans Ontario lenders we work with respond in minutes – and checking your options won’t affect your credit score.

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About the Author

Daniel Caron – Short-Term Lending Writer

Daniel Caron writes about payday loans, provincial lending rules, and short-term borrowing for Canadians at Get Payday Loans Canada. He focuses on explaining real costs, repayment, and safer alternatives in plain language so readers can make informed decisions. Read more from Daniel Caron →

Get Payday Loans Canada is a loan-matching service, not a lender, and does not make credit decisions or fund loans. Payday loans are short-term, high-cost credit regulated in Ontario; the maximum cost of borrowing is $14 per $100 borrowed and is subject to change. Example: a $300 loan at $14 per $100 for 14 days costs $42. Borrow only what you can repay on your next payday and consider lower-cost alternatives first. Approval is not guaranteed and depends on the lender’s criteria.