Step One – Apply For Quick and Easy Payday Loans

Complete our online submissions form in less than 5 minutes. You will have to include basic personal information, as well as how much you wish to borrow. We will then search our database of lenders to find the best payday loans in Ontario for you.

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Step Two – Get An Instant Result

Immediately, an offer will appear on the screen as we search through our network of reputable lenders to find the best fit for you. Our loans connection service is completely free of charge and there are bad credit options too.

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Step Three – Receive Funds ASAP

If you need 24 7 online payday loans Ontario, then we should be able to help. If your loan application is approved, the money will be sent to your live checking account within minutes, hours or by the next business day.

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If you are looking for online payday loans in Ontario, then Pheabs can certainly help you meet your borrowing needs. We understand how stressful it can be when an unexpected financial expense arises and so we offer speedy products, with no credit check and bad credit loan options too.

All you have to do is fill in our online application form to borrow $300, $500, $1000 or up to $1500 today. Better yet, when applying, we use a soft search approach that will not leave a visible footprint on your credit report or affect your credit score in any way.

We cannot 100% guarantee that your payday loan will be approved instantly, but we promise to match you to the lender who is most likely to accept your loan request and lend you money today.

After you complete our online application form, an instant loan offer will appear on screen. If you choose to proceed and your loan request is approved, then you can receive your Ontario payday loan within seconds, minutes, hours or by the next working day.

Yes, it is possible to get payday loans with bad credit in Ontario and Toronto. Pheabs can assist you with this process by matching you with a lender most likely to approve your loan application. So even if you have been rejected from a bank due to a poor credit score, you can still apply for payday loans with Pheabs today.

For payday loans Ontario and payday loans Toronto, you will have up to 62 days maximum to repay back your loan. This will be on a date that you choose with the lender and is most convenient for you, usually your payday, which is the last working day of the month.

Your repayment terms will be confirmed with your lender in your payday loan contract so that automatic payments can be withdrawn from your bank account on agreed upon dates. For smaller short-term loans, a couple of weeks is usually all that is needed to cover you until you receive your next paycheck, whereas for larger loan amounts, you may wish to repay the loan over the full 62 days.

Before applying for a payday loan, make sure you will be able to repay back the money on time as otherwise you could face late fees and a negative impact to your credit score. If you are worried that you might miss a payment, contact your lender immediately as they may be able to review your repayment plan or freeze the interest on your loan.

There will always be a number of emails, SMS and calls by the lender to follow up on repayment, but they will be sure not to invade your space and only contact you a fixed number of times as per the regulatory requirements.

However, if you do not respond to any emails or calls, there will usually be:

  • A late fee charged
  • Added interest
  • Negative impact to your credit score

If you cannot meet your monthly repayments, you can speak to the lender who may be able to offer assistance with an arrangement or pay plan. So instead of owing $100 per month, this is cut to $50 or $25 to make the payments easier to handle.

We do not advise topping up your loan or getting another loan to pay this one off. It is always best to speak to the lender to discuss your options or speak to a debt professional.

To qualify for payday loans in Ontario, you must:

  • Be a Canadian citizen
  • Be at least 18 years of age
  • Have a valid form of identification
  • Have a Canadian phone number
  • Earn a regular monthly income
  • Have a live Canadian bank account

Pheabs platform is 100% online which means that you can borrow money from wherever you are in Canada, as long as you have access to a phone, laptop, desktop or tablet. So whether you need payday loans London Ontario or anywhere else across the province, we can help you secure the best options today, with locations including:

  • Barrie
  • Belleville
  • Brampton
  • Brant
  • Brantford
  • Brockville
  • Burlington
  • Cambridge
  • Clarence-Rockland
  • Cornwall
  • Dryden
  • Elliot Lake
  • Greater Sudbury
  • Guelph
  • Haldimand County
  • Hamilton
  • Kawartha Lakes
  • Kenora
  • Kingston
  • Kitchener
  • London
  • Markham
  • Mississauga
  • Niagara Falls
  • Norfolk County
  • North Bay
  • Orillia
  • Oshawa
  • Ottawa
  • Owen Sound
  • Pembroke
  • Peterborough
  • Pickering
  • Port Colborne
  • Prince Edward County
  • Quinte West
  • Richmond Hill
  • Sarnia
  • Sault Ste. Marie
  • St. Catharines
  • St. Thomas
  • Stratford
  • Temiskaming Shores
  • Thorold
  • Thunder Bay
  • Timmins
  • Toronto
  • Vaughan
  • Waterloo
  • Welland
  • Windsor
  • Woodstock

Are Payday Loans Legal In Ontario?Yes
Maximum Loan Amount50% of your net income or up to $1,500 maximum
Maximum Loan Term62 days
Maximum APR782%
Are Multiple Loans Allowed In Ontario?No
How Many Rollovers Are Allowed In Ontario?0
Are Same Day Loans Available In Ontario?Yes
Maximum Cost Of Borrowing In Ontario For A $100 Payday Loan$15
Cooling Off Period To Cancel An Ontario Payday Loan2 business days

See also payday loans in Quebec and Montreal

Lenders in Ontario can charge a maximum of $15 per $100 borrowed. So if you borrow $300 in Ontario for 1 month, there would be a $45 loan fee meaning the total cost of your loan would be $345 based on a 182% APR.  If you borrowed $500 over 7 days with a 782% APR, the loan fee would be $75 which would bring the total cost to $575.

You can get fast payday loans from anywhere in Ontario. If your loan application is approved, the funds will be sent to your bank account within a few minutes, hours or by the next business day latest. To maximise your chances of a speedy loan, be readily contactable incase the lender wants to get in touch with any queries.

Yes, you can get online payday loans in Ontario with no credit check, as well as payday loans in Toronto with no credit check and the rest of the province. Our lenders can focus on other key borrowing requirements such as whether you have a regular income, or offer you other financial products such as title loans which uses your car as collateral to secure the loan. Whilst our soft searches will review your credit history, you can be rest assured that they will not leave a visible footprint on your credit report or affect your credit score.

Are Payday Loans Legal in Toronto and Ontario?

Yes, payday loans are legal in the state of Ontario, with certain rules in place such as the maximum amount you can borrow is $1500 (or 50% of your net income), the maximum APR is 782% and the maximum loan term is 62 days.

How Much Money Can I Borrow In Ontario?

You can borrow 50% of your net income or up to $1,500 maximum in Ontario and Toronto. So if you are looking to borrow $100, $300, $500 or more, then here at Pheabs we can certainly help you to secure a payday loan today.

Can I Get No Refusal Payday Loans Ontario?

Whilst no refusal payday loans in Ontario are not guaranteed, we will try our best to secure a loan for you today. Complete our online application form to receive an instant loan offer. If your loan request is approved, you will get a guaranteed loan on the same day or by the next business day latest.

Is Pheabs A Direct Lender?

No, Pheabs is a broker. We connect our customers to the lender who is most likely to approve them and offer the most competitive rate at the most affordable price.

Can I Repay My Loan Early?

Yes, there are always options to repay back your loan early if you are able to. To do this, get in touch with the lender to discuss the changes to your repayment plan. In some cases, early repayments could improve your credit score!