$300 Payday Loan Canada — Fast & Online
Need a small advance to cover a bill until payday? Get matched with a licensed Canadian lender for a $300 payday loan — all credit considered, funds often by Interac e-Transfer.
- Small, manageable amount
- All credit considered
- No impact to check
- Funds by e-Transfer
A $300 payday loan Canada is one of the most common small advances — enough to cover a phone bill, a tank of gas, or a co-pay until your next paycheque. Get Payday Loans Canada matches you with licensed lenders in your province, and because $300 is a small amount, it’s often one of the easier payday loans to qualify for and repay.
We are not a lender. Get Payday Loans Canada is a free matching service that connects you with licensed payday lenders. Borrow only what you can repay on your next payday.
What a $300 Payday Loan Costs in Canada
Payday loan costs are capped per province at a maximum dollar amount per $100 borrowed. Here’s what a typical 14-day $300 payday loan costs:
| Maximum cost (per $100) | Cost of a $300 loan | Total to repay |
|---|---|---|
| $14 — federal cap, every province (since Jan 1, 2025) | $42 | $342 |
The $14 cap is federal law (since January 1, 2025) – confirm details with your province’s current maximum with the Financial Consumer Agency of Canada before you borrow.
At $14 per $100 for 14 days, a $300 loan has an APR of about 365%. Try your exact numbers below:
Payday Loan Cost Calculator
Estimate your cost of borrowing before you apply. Figures use each province’s legal maximum (a payday loan in Canada is capped at $1,500).
Estimates only. Your actual cost is set out in your loan agreement and capped by your province. Quebec and the territories use the 35% federal APR framework rather than a per-$100 cap.
How to Get a $300 Payday Loan
- Apply online and choose $300 as your amount.
- Get matched with a licensed lender in your province.
- Verify income with IBV — secure, read-only, about 60 seconds, no impact to your credit score.
- Get funded — review the cost, e-sign, and receive your $300, often by e-Transfer the same day.
Who Qualifies
- Age of majority in your province or territory
- Steady employment income — full-time or part-time
- An active Canadian bank account
- Canadian resident with a valid email and phone
Approval is based mainly on income, so all credit types are considered — see payday loans for bad credit.
$300 Payday Loan FAQs
How fast can I get a $300 payday loan?
Many borrowers are approved within minutes and funded by Interac e-Transfer the same day, especially when applying on a business day and verifying income with IBV.
Can I get $300 with bad credit?
Yes. A $300 loan is small and based mainly on your income, so all credit types are considered.
How much will a $300 payday loan cost me?
$42 everywhere in Canada (the federal $14 per $100 cap), repaid on your next payday.
Apply for a $300 Payday Loan
It takes a few minutes and won’t affect your credit score to check your options.
A $300 payday loan suits a small one-time gap – borrow it only if your next paycheque covers the $342-$342 repayment.
About the Author
Get Payday Loans Canada is a loan-matching service, not a lender or broker, and does not make credit decisions or fund loans. Payday loans are short-term, high-cost credit regulated by each province; the maximum cost of borrowing is $14 per $100 borrowed (federal cap, since January 1, 2025). Example: a $300 payday loan at $14 per $100 for 14 days costs $42 (APR ≈ 365%). Approval is not guaranteed and depends on the lender’s criteria, including verified employment income. Borrow only what you can repay on your next payday and consider lower-cost alternatives first.