Online Payday Loans in Ontario

Need money in your bank account ASAP? Apply for a payday loan online in Ontario in just three simple steps!

Being short on cash is a big problem, especially when unexpected expenses arise. Fortunately, online payday loans in Ontario are here to bridge the financial gap and help you regain cash and maintain liquidity.

Whether you are facing unexpected bills or need to cover emergency expenses like medical bills, in such conditions, a payday loan in Ontario is a fast and trusted way to attain money. Ontario payday loans are best known for crucial cash needs, so they are instantly approved, unlike traditional bank loans.

At CashCorner, we offer online payday loans in Ontario and the rest of Canada. With our instant payday loans, you can borrow between $100 and $1,5000. Our Canadian payday loan direct lenders understand that your need for money is urgent, so they accept you as quickly as possible.

How do online payday loans in Ontario work?

Generally, payday loans are also known as short-term loans. These loans are crafted to provide fast cash, easy approval, and collateral-free funding but come with shorter duration and high-interest rates.

Ideally, the repayment is due by your next payday. Nonetheless, you also have the option of 3 to 6 months payback time. However, the more repayment time you take, the more interest and fees you have to pay.

Residents of Ontario have two options to apply for payday loans. First, by visiting payday loan stores, and second, by applying through online payday lenders. The second option is more convenient, faster, and available 24/7 compared to visiting the payday loan storefront.

CashCorner is a one-stop destination for finding the best online payday loans in Ontario and Hamilton. We know the real struggle for finance when you can't wait for your next salary. Currently, our fastest e-transfer payday loan could help you get funded in just 2-5 minutes*.

Are payday loans in Ontario regulated?

Yes, payday loans are legal in Ontario and regulated by the government of Ontario, The Payday Loans Act, 2008 and under payday rules set by the Consumer Financial Protection Action Plan (CFPB) to protect borrowers from payday lenders extortion. Whether you apply for a payday loan in Ontario through in-store or online, these rules are applied for both.

Payday loan regulations in Ontario

• Lenders: All payday lenders must be licensed by the Government of Ontario and follow the Payday Loans Act, 2008 rules.
• Loan amount: Payday lenders in Ontario have no rights to lend more than 50% of the borrower's net income, up to $1,500.
• Loan term: Ontario government-regulated payday loan term is 63 days maximum.
• Borrowing fee: Payday loan lenders in Ontario can charge up to $15 for every borrowed $100.
• Repayment: You can repay the loan anytime without prepayment penalties or extra charges. Ontario's payday lenders must provide extended payment plans for payday loans.

Know more about payday loan rules in Ontario here.

Can you get payday loans in Ontario with bad credit?

You may qualify for payday loans in Ontario, even with bad credit or low credit scores. Payday loans are one of the few short-term loans available for people with bad credit or limited credit scores.

Remember that payday loans with bad credit in Ontario designed for people with bad credit are typically offered at higher interest rates, so make sure you can afford them before applying. If you apply for such loans, please borrow under your means and take it as your last cash option.

However, when it comes to online bad credit loans in Ontario at CashCorner, our lenders focus more on the applicant's ability to repay than their past credit histories. If you can afford your loan repayments on time, we can help you get an instant payday loan, no matter what your credit score.

Is it possible to get payday loans in Ontario with no credit check?

Yes, getting payday loans in Ontario with no credit checks is possible. Usually, payday lenders skip the traditional credit checks, but it doesn't mean you get guaranteed approval.

While assessing the loan application, lenders check other factors like your income, employment status, and debt-to-income ratio to determine if you are eligible for a loan. Furthermore, the options and lenders are limited to getting a loan without credit checks, as well as you get a small amount of loan at high rates.

At CashCorner, our lenders conduct soft credit checks, which don't affect your credit score. Additionally, we see other factors while making a final loan decision. It means if you have a stable income source and can repay on time, you can get a bad credit payday loan with us.

Who is eligible for payday loans in Ontario?

We always try to make the application process simple and fast to provide online payday loans in Ontario. Before you apply with CashCorner, you first need to find out if you are eligible or not by matching with following requirements:

• Be at least 18 years of age.
• Be a citizen of Canada and a resident of Ontario province.
• You must have a regular and stable source of income to repay the loan.
• You must have a Canadian bank account (at least three months old) with active online banking and Interac e-Transfer® facility.
• You need a valid mobile phone number, email address, and residence address.

How to apply instant online payday loans in Ontario from CashCorner?

With CashCorner, you can apply for a payday loan in Ontario online 24/7, even on weekends and public holidays. Our payday lenders consider bad credit or low credit history people, and we aim to provide a loan that is affordable to you and perfectly matches your current financial circumstances.

Follow our simple 3-step application and get money now:

1. Apply online: We always want to help residents of Ontario during their odds financial time, and that's why we're available 24/7, 365 days a year. Complete our online application in minutes from anywhere and anytime.

2. Get a decision: We review your application instantly, and once you get loan approval, we email your loan contract to view and electronically sign to accept.

3. Receive funds: Once you e-sign your contract, we'll send the money directly into your bank account via e-transfer without any delays or hassles.