Payday Loans in Ontario and Toronto With Pheabs
Same Day Funding Available
Whether you need online payday loans in Ontario, Toronto or anywhere else across the province, Pheabs can help you today. Complete our online application form to receive an instant loan offer. If approved, money could be in your checking account within minutes, hours or the next working day.
Step 1 - 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.
Step 2 - Get An Instant Result
Immediately, an Ontario payday loan 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.
Step 3 - 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.

Why Should I Get Payday Loans With Pheabs?
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.
Am I Eligible To Borrow Money?
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
Can I Get Instant Payday Loans Ontario?
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.
Where Can I Find Payday Loans Near Me in Ontario?
Pheabs platform is 100% online which means that you can get a payday loan 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, payday loans Hamilton 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
What Are The Payday Lending Regulations in Ontario?
The Ontario payday lending laws are summarized in the table below:
Are Payday Loans Legal In Ontario? | Yes |
Maximum Loan Amount | 50% of your net income or up to $1,500 maximum |
Maximum Loan Term | 62 days |
Maximum APR | 782% |
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 Loan | 2 business days |
How Much Will It Cost To Borrow a $300 or $500 Payday Loan in Ontario?
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.
Can I Get Fast Payday Loans?
Yes, you can get fast payday loans 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.
Can I Get Bad Credit Payday Loans in Ontario or Toronto?
Yes, it is possible to borrow 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.
Can I Get Payday Loans Ontario With No Credit Check?
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.
How Do I Repay My Payday Loan?
For payday loans Ontario and payday loans Toronto, you will have up to 62 days maximum to repay back your loan. 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.

FAQs on Payday Loans in Ontario and Toronto
- Can I Borrow Money Directly From Pheabs?
- How Much Can I Borrow?
- Can I Repay A Payday Loan Early?
- Can I Get No Refusal Payday Loans Ontario?
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.
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.
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!
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.