Payday Loans in Ontario – $100 to $1,500
Need cash before payday in Get matched with a licensed ON lender in minutes. All credit considered, funds often by Interac e-Transfer, costs capped by Ontario law.
- Licensed Ontario lenders
- All credit considered
- Max $15 per $100 (capped)
- Funds by e-Transfer
Payday loans in 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 $15 per $100 borrowed. Here’s what that looks like for a typical 14-day loan:
| Amount borrowed | Maximum cost (at $15 per $100) | Total to repay |
|---|---|---|
| $100 | $15 | $115 |
| $300 | $45 | $345 |
| $500 | $75 | $575 |
| $1,000 | $150 | $1150 |
A $300 payday loan at $15 per $100 for 14 days has an APR of roughly 390%. Caps can change – confirm the current Ontario maximum with your regulator or the Financial Consumer Agency of Canada.
Payday Loan Rules in Ontario
- Maximum cost: $15 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.
How to Get a Payday Loan in Ontario
- 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 day.
Who Qualifies in Ontario
- Age of majority (18+ in Ontario) and a 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.
Payday Loans Across Ontario
We connect borrowers with licensed lenders in communities across Ontario, including Toronto, Ottawa, Mississauga, Brampton, Hamilton, London.
- TorontoPayday loans
- OttawaPayday loans
- MississaugaPayday loans
- BramptonPayday loans
- HamiltonPayday loans
- LondonPayday loans
Ontario Payday Loan FAQs
How much can I borrow in
Payday loans in 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
The legal maximum is $15 per $100 borrowed. Always review the total cost of borrowing before signing.
Can I get one with bad credit in
Yes. Lenders consider all credit types because approval is based mainly on your income, confirmed through Instant Bank Verification.
How fast can I get funded in
Many Ontario borrowers are approved within minutes and funded by Interac e-Transfer the same day.
Apply for a Payday Loan in Ontario
Check your options in minutes – it won’t affect your credit score to apply.
About the Author
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 $15 per $100 borrowed and is subject to change. Example: a $300 loan at $15 per $100 for 14 days costs $45. 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.