Am I Eligible?

To be eligible to apply for a loan, you typically need to meet the following minimum criteria:

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We will consider customers who are:

Before comparing online loans at PaydayMart, make sure to fulfill the following criteria:

  • At least 18 years old.
  • Canadian citizen or permanent resident and live in an eligible province.
  • Steady job or regular income from government benefits or gig work.
  • Have a valid Canada bank account with access to online banking with Interac e-Transfer.
  • Have a valid mobile phone number, address, and email address.
  • Ability to repay the loan on time.

Reasons why you might have been rejected

  • Aren't employed, or your income is too low?
  • I already have a loan or recently borrowed one.
  • I have too many current debts.
  • I had errors in your application.
  • I can't afford to repay the loan.
  • You don't meet the lender's eligibility requirements.
  • The lender can't verify your income - such as if you're paid in cash.

Before applying, please think carefully:

  • Do you meet our requirements?
  • Can you repay the loan and interest in full on the due date?
  • Will you use the loan to satisfy short-term needs and not use it as a long-term remedy?
  • Are you not in financial difficulties?
  • Have you read the pre-contract information available on our website?
  • If the answer to any of the above questions is no, please do not apply.

Still Have Questions?

If you want to discuss your current circumstances with a loan expert, email us at support@paydaymart.ca. Our dedicated customer support team works 24/7 to ensure they're available when you need them most. You can also see our FAQs here to clear small doubts.



FAQs about PaydayMart.ca