A payday loan is a short term loan which can help you get money fast if you need a quick injection of cash before you receive your next paycheck on your upcoming payday. Reasons you may need a payday loan include due to unexpected emergencies such as medical bills, dental fees, a broken boiler, car repairs or funeral costs.

The Canadian Federal Government have set a blanket maximum loan amount which means that you can borrow up to $1500 in Canada and you have to repay it back within 62 days, regardless of which part of Canada you live in. If you need instant payday loans in Canada, there are many options you can explore with Pheabs including same day loans and there are also options for those with bad credit.


If you want to apply for payday loans in Canada, you need to meet certain eligibility criteria. This includes that you:

Payday lending rules and regulations vary by province in Canada. Examples are mentioned in the table below:

ProvinceMaximum Loan AmountMaximum Fee Per $100 Borrowed
British Columbia$1,500 (up to 50% of your paycheque)$15
Manitoba$1,500 (up to 30% of your net pay)$17
New Brunswick$1,500 (up to 30% of your net pay)$15
Newfoundland and Labrador$1,500 (up to 50% of your net income)$14
Nova Scotia$1,500$17
Ontario$1,500 (up to 50% of your net income)$15
Prince Edward Island$1,500$15
Saskatchewan$1,500 (up to 50% of your take-home pay)$17

If you are looking for no refusal payday loans in Canada 24/7, then we can certainly try to help. At Pheabs, we offer a streamlined process whereby applicants simply need to complete an online submissions form which takes less than 5 minutes to fill in. After this, an instant loan offer will appear on screen which you can choose to accept or reject.

If you decide to go ahead and your loan application is successful you could potentially receive your loan within a couple of minutes. However, it can sometimes take a couple of hours or up to 1 business day to get your money. To help maximise the chances of instant approval, we recommend being readily contactable via email or phone incase the lender wants to get in touch with any follow up questions.

Pheabs offers a quick and simple way to get easy payday loans in Canada. Our loans connection service helps to match our customers with the lender most suited to their borrowing requirements and who can offer them the most affordable rate. For those looking for guaranteed payday loans no matter what in Canada 24/7, we pride ourselves in trying to help borrowers get the funds that they need with same day loans available and bad credit check options too.

Looking at a Representative Example, if you had a loan amount of $300 with a fixed interest rate of 282% and a representative 171% APR, then after 2 weeks it would cost you $334.51. After 1 month it would cost you $373.00 and after 2 months it would cost $413.36.

Yes, Pheabs offer payday loans all across Canada. With an entirely online application, you can complete your loan request form from the comfort of your own home or whilst you are out and about.

We proudly cover all areas of Canada, including Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia and Prince Edward Island. Just keep in the mind that payday loan regulations vary depending on which part of Canada you live in.

Before requesting payday loans in Canada, you should check whether you can afford to meet the repayments on time. As if you fail to do so, you could face late fees, extra interest charges and a negative impact to your credit score which could make it more difficult to borrow money in the future.

Think about exactly how much you need to borrow before getting started. This should help ensure that you do not borrow unnecessary amounts.

Loan AmountsCharges Per $100Max Borrow AmountCooling PeriodMax APR
Alberta$100-$1500$15$1500 flatTwo Days391.07%
British Columbia$100-$1500$1550% of IncomeTwo Days391.07%
Manitoba$100-$1500$1730% of IncomeTwo Days443.21%
New Brunswick$100-$1500$1550% of IncomeTwo Days391.07%
Newfoundland and Labrador$100-$1500$2150% of IncomeTwo Days547.50%
Nova Scotia$100-$1500$17$1500 flatTwo Days495.36%
Ontario$100-$1500$1550% of IncomeTwo Days391.07%
Prince Edward Island$100-$1500$2550% of IncomeTwo Days651.79%
Saskatchewan$100-$1500$1750% of IncomeOne Day443.21%

Source: https://www.canada.ca/en/financial-consumer-agency/services/loans/payday-loans.html


It is possible to get payday loans in Canada with no credit check. Pheabs has many different financial products available including those that involve using collateral which ties an asset such as your home or car to the loan.

The lender can also prioritize other key factors such as whether you are employed and earn a regular salary. This will help to instil confidence in them that you will be able to afford repaying back your no credit check loan without falling into any financial troubles.

Pheabs is here to help you find the best payday loans in Canada, covering every province in the country. We offer a completely online process which means you can apply for a loan from your mobile device, tablet or desktop. 

There is no need to go visit lenders one-by-one to get approval or to go to a bank or store, line up and wait for your turn, since everything can be quickly processed online for you. Pheabs will search multiple providers at once and give you a speedy decision, making it extremely convenient when you need to borrow money quickly.

Is Pheabs A Broker?

Yes, Pheabs is a broker which means that we do not provide the funds for your loan directly. Instead, we connect you to the lender best suited to your situation from our trusted panel. You can be rest assured that we do not charge any fees and that your information is completely secure and will not be shared with any other companies or third parties.

How Much Can I Borrow?

With Pheabs, you can borrow loans ranging from $100 to $1500, which is the maximum amount that can be borrowed in Canada. Other factors may be considered to determine your affordability including your monthly income, age and credit status, as well as if you have any other loans open too.

What Is The Repayment Period In Canada?

Customers can repay their Canadian payday loans over 2 weeks to 2 months, with 62 days being the maximum loan term available in Canada. Payments are typically made in equal monthly installments from the bank account you choose and there is normally the option to repay back the loan early if you wish to do so.

Can I Get Bad Credit Loans In Canada?

Yes, Pheabs considers all different types of credit histories, including those with bad credit. We work with lending partners who will consider poor credit provided that you earn a regular income and are committed to repaying back your loan on time. Pheabs can also consider those looking for no credit check loans, but note that a credit check is usually carried out for all customers.

Are Payday Loans Legal In Canada?

Yes, payday loans are legal in Canada and there are rules in place to protect consumers, including set loan amounts ranging from $100 to $1500 with a maximum loan duration of 62 days, you can only have one loan open at any time and there are price caps in every province.

Do You Charge Fees For Using Your Service?

No, we do not charge a fee for using our service and never will. Instead, we take a fee or commission from the lender if your application is successful. The lenders will charge you a daily or monthly interest fee if your loan is active and this will be presented to you in your contract before you proceed.