Online Payday Loans In Ontario

Alistair Croll
Fact Checked
Advertising Disclosure The offers on this page are from advertisers who pay us, and we receive a small part of the commission. It may influence which product we write about, but it doesn't affect what we write about them. PaydayMart does not endorse or recommend any companies. Here's a full explanation of how we make money.

Looking for online payday loans in Ontario, Canada? We help!

If you are looking for easy online payday loans in Canada, you have come to the right place. PaydayMart offers payday loans from direct lenders based in the heart of Canada, Ontario. Our payday loans in Ontario are affordable and easy to apply for. Since we started our journey, we have made loans to thousands of people in Ontario and around Canada. Now it's your turn!!

Our payday loans online in Ontario are specially designed to meet the unexpected financial needs of people who want fast cash until their next paycheck arrival. Payday Mart's payday loans in Ontario are always made to improve financial well-being and give a positive impact.

No matter your credit score, we are here to provide you with the best online payday loans in Ontario at low-interest rates. Whether you need money to fund your emergency bills or want to cover your car maintenance bills, Paydaymart.ca can give you the money as soon as possible.

What is a payday loan?

A payday loan is a type of short-term loan and is best known for obtaining money fast. Payday loans are ideal for covering unexpected or emergency payments of small amounts, such as paying your bills in mid-month or paying immediate medical expenses.

You can get up to $1,500 or more, but the final amount you can borrow depends on how much you can afford. Payday loans are unsecured, so you don't need to submit collateral to qualify. But you have to pay higher interest rates on it as compared to other types of credit options.

The payday loan industry in Canada has grown dramatically, especially after the COVID-19 pandemic. And the reason is payday loans give the privilege to individuals to borrow small amounts of money with little effort.

Borrowers can repay their loan partially or wholly when their next paycheck arrives. However, many payday loan direct lenders in Canada allow borrowers to split their repayment over three or six months.

Depending on your province in Canada, you can get payday loans near you through the physical storefront of the payday loan lender or from the online payday loans lender.

How to apply for an online payday loan in Ontario?

Online payday loans are one of the best ways to borrow money in no time for the residents of Ontario province in Canada. Compared to conventional sources of credit such as bank loans, applying for payday loans online is much simpler and faster.

You also have other options to apply for payday loans via visiting physical branches of the lender, but the online method is quick and hassle-free. The loan application can be processed at any time, even on weekends and holidays. So, you can apply for online payday loans at the time you want and follow the simple steps mentioned below:

Apply Online: It takes a few minutes to fill out our simple online application form with your information to apply.

Instant Approval: You can e-sign your approved loan contract using our secure application. Don't worry. Trust and security are our priorities.

Get Money: If your loan is approved, money will disburse into your bank account through direct transfer or via Interac e-transfer® within 10 minutes.

Eligibility requirements for a payday loan

The applicants must meet specific requirements to get money from payday loans successfully. The most common eligibility criteria include the following:

Eighteen years of age or older.
Canadian Permanent Resident.
Valid check or savings account with direct deposit.
Regular income to afford loan repayments.
You must have a valid mobile number and email.

*All Loans are subject to an assessment of suitability and affordability.

Will my payday loan application be 100% accepted?

First, there is nothing like "Guaranteed" approval for a payday loan; it's just advertisement tactics used by bad or fraudster lenders in Ontario and around Canada. Beware of them!

Online payday loans are subject to affordability and various other factors. But you can increase your chances of payday loan approval by making sure of the following:

Ensure you provide correct and complete information (personal, banking, and income) in your application form.
Always avoid applying with numerous other lenders and credit- it will decrease your chances of loan approval.
All your required documents must be in a straightforward and easy-to-read format.
One of the most important things is to make sure you can afford your loan repayments on time. If you are not doing so, it will negatively affect your credit score.

What are the benefits of fast payday loans from Payday Mart?

Are you a resident of Ontario, Canada? Here's good news for you! You can access instant online payday loans with Payday Mart. Payday loans are one of the quick remedies to deal with unexpected expenses that arise before the next paycheck.

We show you below some great reasons to use Paydaymart.ca to apply for a loan with us and get some extra cash:

Quick online application: Most of our applicants get their payday loan approval within a few minutes of waiting.
No paperwork: There is no need to spend time completing vast piles of paperwork or finding payslips.
Fast payout: Once your payday loan is approved, your funds be transferred to your bank account within 10 minutes- guaranteed!
No early payment penalties: No worries, you can pay off your payday loan earlier, and we charge no additional fees for doing so.
Loans from $100-$5,000: We offer direct cash deposits of flexible short-term online payday loans to fit every individual's financial requirement.

Apply Now

Was this content helpful to you?

Frequently Asked Questions

Where can I get online payday loans in Ontario with bad credit?

There are many people in Ontario, Canada, with bad credit scores, but they don't need to take worries now. Having bad credit is not a problem for us. When we get the payday loan application, we look much more than the previous credit history. We see whether the applicant has enough income to pay off their loan cost.

To get an online payday loan with bad credit in Ontario, you need to follow the steps below:

Decide how much money you want to borrow.
Check your affordability of loan repayment.
Fill out the short, simple online application form using Paydaymart.ca.
Get instant decision and approval on your loan request.
After that, receive and read your loan contract, and if you agree, digital signature it.
Once we receive your loan contract, your funds will be deposited into your account via EMT (Email Money Transfer) in 5-10 minutes.

Can I get a payday loan in Canada?

There are nearly 2 million Canadians who use payday loans each year to pay for their financial trouble, like paying pending bills and other emergencies. At this time, a quick money solution is required, and payday loans ideally fulfill it.

Payday loans are short-term and high-demand loans in Canada. Its popularity is due to its easy application, fast approval, and lousy credit acceptance. People who can't get loans from financial institutions like banks can get money solutions with these loans.

Can I get a payday loan in Ontario with no credit check?

It sounds tempting, but applying for online payday loans in Ontario with no credit check is not recommended. Lenders perform various credit checks to assess applicants who might downgrade your credit score more.

However, several payday loan direct lenders in Ontario offer payday loans with no credit checks. These lenders look more than credit score and consider other criteria such as income, employment status, and affordability of repayments.

Many lenders claim 100% guaranteed approval to no credit check payday loan; it is impossible, so beware of them. Instead, try to find a legit lender to help you find a perfect loan deal.

How do I choose the best payday loan in Ontario?

Choosing the best and faxless payday loans in Ontario is not a challenging task. It depends upon the borrower's personal needs and wishes. But still, there are some essential factors that you should consider when searching for a loan:

Total loan cost, including hidden fees or other charges.
How much time do you have to make the repayments?
If they accept bad credit or not.
If the loan is secured or unsecured.
Check the customer ratings.

Can I get a payday loan on ODSP?

Yes, many online payday loans direct lenders accept the ODSP (Ontario Disability Support Program) benefits as a valid source of income. All you need to do is share your ODPS benefits income details in the employment section of your loan application.

You can mainly apply for two types of loans using your ODSP benefits: installment and payday loans. Evaluate your financial position and choose the option accordingly.

Can you get a weekend payday loans in Ontario?

Absolutely yes, you can get instant online payday loans on the weekends in Ontario, Canada, up to $5,000. Whether Saturday or Sunday, we provide instant loan decisions because financial troubles can knock on the door anytime.

Compare, Apply, Save!

We understand the challenging financial situations. That is why, we strive to improve your lifestyle by providing best rage of loans at low rates to suit your needs.

Compare now

*Timing might be varied. T&Cs apply. Applying won't affect your credit score

Who I am?

Writer, speaker, financer accelerant. The intersection of tech & society. He enjoys writing informative guides mainly related to finance and credit products that help readers make better decisions. View My Profile