Payday Loans in Canada - Apply Online With Dime Alley

Get Payday Loans in Canada Today with Dime Alley, whether you live in Toronto, Montreal or Vancouver! Borrow $300, $500 or $1,000 Online Now for 1 – 9 weeks if you need money for an emergency. Our lenders will help you to find the best products, with options available for people with bad credit and same day funding available.


Get a Payday Loan in Canada in 3-Steps:

Step 1: Apply Online

Enter your details in less than 5 minutes, including your name, age, address, employment, income, bank details, how much you wish to borrow and how long for.

Step 2: Get Instant Approval

Get matched with one of our best payday lenders in Canada based on your income, credit score and requirements. Electronically sign your loan agreement and await further checks from the lender.

Step 3: Get Your Loan!

Once fully approved, your loan can be funded and transferred to your bank account in 1 hour, 24 hours or the same day.

Do Dime Alley Offer Payday Loans in Toronto, Montreal and Vancouver?

Yes!  You can get a payday loan, installment loan or cash advance all across Canada, although the regulations on your loan may differ depending on which part you live in.

No matter whether you live in Toronto, Montreal or Vancouver, our lenders have got you covered! Our process is all online, which means you can even apply for a payday loan whilst lying in bed!

Where Can I Get a Payday Loan in Canada?

No matter which city or province in Canada you live in, Dime Alley’s lenders will find you a loan that suits you. As the process is done completely online, this means that you can apply from anywhere, hassle-free.

As a loans connection service, we process your application against hundreds of direct money lenders, apps and payday stores to find you the best approval and most competitive rate.

If approved, you could be receiving your loan in less than 24 hours.

What Are The Rules and Regulations For Payday Loans in Canada?

Province Maximum cost per $100 borrowed
Maximum loan amount
Ontario $15
$1,500 (up to 50% of your net income)
British Columbia $15
$1,500 (up to 50% of your paycheque)
Alberta $15 $1,500
Saskatchewan $17
$1,500 (up to 50% of your take-home pay)
Manitoba $17
$1,500 (up to 30% of your net pay)
Newfoundland and Labrador $14
$1,500 (up to 50% of your net income)
New Brunswick $15
$1,500 (up to 30% of your net pay)
Nova Scotia $17 $1,500
Prince Edward Island $15 $1,500



As a broker, Dime Alley ensures that your payday loan is affordable for you – even if you don’t have a perfect credit score.

The Right Fit

We only work with legitimate and reputable lenders, so we know that they are lending responsibly and are offering you a fair rate.

Soft Search

We offer soft search loans which will check your credit history without impacting your credit score or leaving a footprint.

What is a Payday Loan in Canada?

A Payday Loan in Canada is a short-term loan which can help you to get fast cash if you receive an unexpected bill or have a financial emergency.

In Canada, you can borrow up to $1500 and you will usually have to pay it back within 62 days.

We recommend getting a Canada loan with Dime Alley as our lenders are legit and fair. We understand that your financial situation may be tricky and we can help you find the right loan plan to suit your needs.

What Information Do I Need To Apply?

If you want to apply for a payday loan in Canada, you first need to make sure you pass the following eligibility criteria;

  • A Canadian resident with valid ID, aged 18 or over;
  • A regular source of income;
  • An open checking account (for your loan to be paid into);
  • A Canadian phone number

How Much Does a $300 Payday Loan Cost in Canada?

Loan amount: $300, Interest Rate: 292% (fixed), Representative: 171% APR, after 2 weeks: $334.51, after 1 month: $373.00, after 2 months: $413.36

Can I Get Payday Loans in Canada with Bad Credit and Guaranteed Approval?

Yes, we offer payday loans in Canada for bad credit histories, so even if you have been turned down elsewhere, we have a number of options available for you. To be eligible, you must be in regular employment and have a stable income and you are committed to repaying your loan on time.

Whilst traditional unsecured and payday loans will need you to have a good credit score, our installment lenders are designed to work with people who have bad credit and very poor credit too.

It is possible to get guaranteed installment loans, since Dime Alley works with such a large panel of lenders that we are always able to give you some kind of loan offer or decision.

A loan however is never fully guaranteed, since this will always be subject to final checks, which could involve a phone call to confirm some information, proof of income via a pay stub or bank statement and sometimes proof of your employment.

Where Can I Get a Payday Loan in Canada?

No matter which city or province in Canada you live in, Dime Alley’s lenders will find you a loan that suits you. As the process is done completely online, this means that you can apply from anywhere, hassle-free.

As a loans connection service, we process your application against hundreds of direct money lenders, apps and payday stores to find you the best approval and most competitive rate.

If approved, you could be receiving your loan in less than 24 hours.

How Long Before I Get My Payday Loan in Canada?

Receiving a payday loan in Canada could take as little as an hour, or sometimes as soon as the next business day!

With Dime Alley, your online form is sent to lenders across Canada, and you’ll receive an instant decision. If your request is accepted, you’ll find the money in your account as fast as possible.

Can I Get a Payday Loan in Canada With No Credit Check?

If you are looking for Canadian loans without checks, this is possible, since we offer products that involve using collateral or assets to be eligible, such as those secured against your home, apartment or car.

For no credit check loans, You will still need to be employed either full-time or part-time and have a regular income to show that you can afford to repay your loan without falling into financial difficulty.

What To Consider Before Applying

You should first check that you meet the eligibility criteria before you apply. Make sure you consider whether you can afford to meet the repayments on time.

In the case that you are unable to repay your Canada loan, interest may be added. Not repaying your loan on time may also affect your credit score. It would be best if you thought about how much you actually need to borrow before getting started.

Are Payday Loans Legal in Canada?

Yes, in Canada, payday loans are allowed under section 347.1 of the Criminal Code, as long as the provincial laws are followed.

Payday lenders must have a license to issue payday loans in your province or territory. Dime Alley’s lenders are all fully licensed and legit and want to help you find a loan that suits your financial needs!

Regulations for payday loans in Canada vary between provinces. Rules in your location significantly affect how much you can borrow, what lenders can charge, and if you can take out multiple loans simultaneously.

Canada vs USA Payday Loans

Payday Loans are a much bigger market in the US, but with almost 10 times the number of people, that is not completely unexpected!

Like in America, rules on Canadian payday loans vary depending on the area you live in – the laws are set by each province.

However, unlike in the US, the Canadian federal government do have a blanket maximum loan amount – $1500 – and you can’t borrow for longer than 62 days, no matter which part of Canada you live in.

What Happens If I Cannot Repay My Payday Loan in Ontario?

If you cannot repay your loan on time, you may be subject to late fees, accrued interest, and your credit score could be affected. A damaged credit score can mean that it would be difficult to secure approval for loans in the future.

It is therefore important for you to carefully consider the terms of repayment before agreeing to a payday loan with one of our many lenders. You need to consider exactly how much you need to borrow, and what timeline you may need in order to repay the loan. Make sure that you borrow enough to cover your immediate financial expenses, but not too much that you will struggle to keep up with the repayment plan that is offered to you.

How Do Repayments Work In Nunavut?

Before agreeing to the terms of your loan, it is important to know that you can comfortably meet your repayments. Consider the source of money you will be using to repay your loan, either from your income or your savings.

Falling behind on repayments can lead to additional interest being added to your loan. If you know you will struggle to meet an upcoming repayment, contact your lender immediately. There might be a way to review your payment plan to clear your balance and avoid any negative impact on your credit score.

Our Other Products

  • Installment Loans

  • Online Loans

  • Bad Credit Loans
    Guaranteed Approval

  • Emergency Same Day Loans

  • No Credit Check Loans

  • Fast Cash

What People Say About Us

Frequently Asked Questions

Can I Get a Canada Loan with Bad Credit?

If you have a bad credit score, don’t worry – you can still get a loan in Canada!

With Dime Alley, all credit histories are accepted. This means that you should still request a payday loan with us even if you have already been turned down by a bank because of bad credit.

How Much Can I Borrow in Canada?

With Dime Alley, you could find Canadian loans ranging from $100 to $1,500, which is the maximum amount you can borrow across Canada. Your loan terms will based on factors like your monthly income, credit status and affordability.

Other things come into play too, including your residence (homeowners are often preferred), age and whether you have any other similar loans open too.

When Do I Repay My Canadian Loan?

You can repay between 2 weeks or 2 months. Payments are usually made in equal monthly installments from the bank account you choose and you always have the option to repay early if you would like to do so.

Am I Charged a Fee for using Dime Alley?

No! We will never charge fees for using our service.

Instead, we take a fee or commission from the lender if your application is approved and successful. The lenders will charge a daily or monthly interest if your loan is active and this will be presented to you in writing before you proceed.

Can I Get a Canada Loan with No Credit Check?

Dime Alley will consider those looking for no credit check loans, but note that a credit check is usually carried out for all customers.

Is Dime Alley a Broker or Lender?

Dime Alley is a broker, meaning that if you’re approved, we don’t provide the funds for your loan directly. Instead, we connect you to a lender best suited to your situation from our trusted panel.

Do not worry though, your information is completely secure and will not be sent or shared with any other companies or third parties and we certainly will not charge you anything for using our service.

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