If you are looking for a payday loan to support you through the month, Pheabs is here to help! Our free loans connection service sources the most affordable loans in the Northwest Territories. We can even assist you if you struggled to secure a loan from the bank due to poor credit.

Step 1 – Submit Your Application

Fill in our quick and easy to use loan request form which only takes a couple of minutes to complete. You will need to state how much you wish to borrow and how long for.

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Step 2 – Receive An Instant Loan Offer

After submitting your online application form, an instant result will appear on screen with a loan offer from the lender most suited to your borrowing needs.

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Step 3 – Get Your Speedy Cash

If you choose to proceed and your request is approved, your payday loan will be sent to your bank account as quick as possible, within 1 hour, 24 hours or by the next business day.

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Payday loans in the Northwest Territories offer a quick and easy way to borrow money. The short term loans are designed to offer a quick injection of cash to those who need money now to pay for an urgent expense.  It is then intended that the borrower will repay back the payday loan when they receive their next paycheck on their upcoming payday.

Loans for medical bills, dental fees, home repairs, utility payments or funeral costs are all examples of emergency costs that you may need to borrow money for. Due to the high interest rates involved, payday loans should not be used for any unnecessary spending or to pay off outstanding loans as this could lead to debt issues.

Yes, it is possible to get a payday loan with poor credit. At Pheabs, we work with a network of over 50 reputable lending partners who are willing to consider all different credit types.

So even if you have been rejected by a bank, you can still apply for a loan today. As long as you meet key eligibility criteria such as being aged over 18 years old and having a regular income of $800 per month, then you could get a bad credit loan.

You can get a payday loan on the same day as applying or by the next business day latest. If your loan request is approved, the total payday loan amount will be transferred to your checking account in one lump sum as soon as possible.

To boost your chances of a same day payday loan, try applying during weekdays between 9am to 5pm. Keep your phone on you at all times incase the lender wants to get in touch with any follow-up questions.

Repayments are automatically withdrawn from your bank account on dates agreed upon with your lender in your loan contract. If you wish to repay your payday loan early, then get in touch with your lender to arrange doing so.

Check the terms and conditions of your loan contract to make sure you will not be charged any additional fees for early repayment. Ideally you may even save money by reducing the interest on the loan.

Paying off your loan early or on time may even result in the additional benefit of improving your credit score. This is because you will be perceived as a reliable borrower.


To qualify for payday loans in the Northwest Territories you must:

  • Be a Canadian resident
  • Be at least 18 years old
  • Have a valid ID
  • Have a Canadian phone number
  • Earn a regular income of at least $800 per month
  • Have a Canadian checking account

Pheabs’ loan platform is 100% online which means that you can borrow money from anywhere in the territory. Locations include:  

  • Aklavik
  • BehchokÇ«Ì€
  • Délı̨nÄ™
  • Enterprise
  • Fort Good Hope
  • Fort Liard
  • Fort McPherson
  • Fort Providence
  • Fort Resolution
  • Fort Simpson
  • Fort Smith
  • Gamà¨ti
  • Hay River
  • Inuvik
  • Norman Wells
  • Paulatuk
  • Red Deer
  • Sachs Harbour
  • Tsiigehtchic
  • Tuktoyaktuk
  • Tulita
  • Ulukhaktok
  • Wekweà¨tà¬
  • Whatà¬
  • Yellowknife

Are Payday Loans Legal?Yes
Are Multiple Loans Allowed?Yes
Maximum Loan Amount$1500
Maximum Loan Term62 days
Minimum Loan Term7 days
Cost Per $100$60

Canadian legislation allows lenders in the Northwest Territories to charge up to $60 in fees for every $100 borrowed. So if for example you wanted to borrow $1500 for 2 weeks, the lenders could charge up to $900 in fees for your loan.

So if you are looking to borrow money and can comfortably afford the repayments, then we would be happy to help you secure a payday loan in the Northwest Territories today. We work with lenders who consider all credit types and better yet, our service is completely free of charge!

Is A Payday Loan The Same As An Installment Loan?

What Happens If I Cannot Repay My Payday Loan?

Can I Stop Payday Loan Companies From Taking Automatic Payments?

Can Payday Lenders Sue You?

  • Cash Advances
  • Fast Loans
  • Same Day Loans
  • Short Term Loans
  • Installment loans
  • Money Loans
  • Payday Apps
  • Payday Stores
Is Pheabs A Direct Lender?

No, Pheabs is broker. We offer a loans connection service via our online platform to source affordable loans for our customers.

Can I Get A Payday Loan With No Credit Check?

Yes, it is possible to get no credit check loans with Pheabs. Whilst we typically run soft searches when assessing your loan application, you can be rest assured that this will not leave a visible footprint on your credit history. We can also offer other financial products such as secured loans which tie an asset such as your property or vehicle to the loan, so your credit score will not be used.

How Much Money Can I Borrow In The Northwest Territories?

You can borrow up to $1500 in the Northwest Territories. It must be repaid back within 7 to 62 days.

Can I Get Instant Approval Payday Loans in the Northwest Territories?

At Pheabs, we endeavour to find our customers loans ASAP. After you submit your loan application form, you will receive an instant loan offer which you can choose whether or not you would like to go ahead with. If you proceed and your loan request is approved, you can receive fast cash within a couple of minutes, hours or by the next business day latest.