- Cost per $100
- $14.00
- Borrow up to
- $35,000
- Funding
- Same day
- Apply
- Online
Licence verified AB, BC, MB, NB, NL, NS, ON, PE, SK
Know what a payday loan will cost before you borrow
Koke lists payday lenders that hold a licence in your province, shows what each loan costs in dollars, and puts cheaper options beside them. Where payday loans are regulated, a lender can charge at most $14 for every $100 you borrow, so borrowing $500 costs no more than $70 in fees.
- Licence status and a regulator link for every lender
- Cost shown in dollars, not just a rate
- No SIN, online-banking login or ID photos asked
Koke is an independent information and comparison website. We are not a lender. We may receive compensation when you visit lender websites or submit an enquiry through links on this site.
What can a payday loan cost where I live?
Each province sets its own limits and runs its own licence register. These are the numbers that apply to a new loan today. Tap your province for the full rules and the lenders licensed there.
| Province | Most per $100 | Largest loan | Cancel at no cost | Regulator |
|---|---|---|---|---|
| Alberta | $14 | $1,500 | 2 business days | Service Alberta and Red Tape Reduction |
| British Columbia | $14 | $1,500 | 2 business days | Consumer Protection BC |
| Manitoba | $14 | $1,500 | See province page | Manitoba Consumer Protection Office |
| New Brunswick | $14 | $1,500 | See province page | Financial and Consumer Services Commission (FCNB) |
| Newfoundland and Labrador | $14 | $1,500 | See province page | Digital Government and Service NL |
| Nova Scotia | $14 | $1,500 | See province page | Service Nova Scotia (Consumer Affairs) |
| Ontario | $14 | $1,500 | 2 business days | Ministry of Public and Business Service Delivery and Procurement (Consumer Protection Ontario) |
| Prince Edward Island | $14 | $1,500 | See province page | Island Regulatory and Appeals Commission / Consumer Services |
| Saskatchewan | $14 | $1,500 | See province page | Financial and Consumer Affairs Authority (FCAA) |
Quebec, Yukon, Northwest Territories, Nunavut: no provincial payday-loan licence, so we don’t list payday lenders there. See other options
Full table with example costs on $300, $500 and $1,000, and a free CSV download
How does applying through Koke work?
Answer four short sections
The amount, your income, your home and how to reach you. It takes about three minutes, and you can go back and change any answer.
We send your application securely
Your answers go over an encrypted connection to our matching partner, which looks for the lender whose rules fit your situation.
You see your offer and decide
You go straight to the lender’s page. Read the total cost and check the licence before you sign anything. Saying no costs nothing.
Start my application Koke is not a lender. We may be paid when you apply.
Online payday loans in Canada
Most payday loans in Canada are now applied for online and paid out by Interac e-Transfer, often the same day. An online lender still needs a licence in your province, and the same $14 per $100 limit applies whether you apply on a website, in an app or in a store.
- Check the lender is licensed where you live, not just somewhere in Canada
- No real lender asks for a fee or a “deposit” before sending your loan
- Approval usually happens during business hours, even if the e-Transfer itself can arrive any time
See online lenders Which lenders pay by e-Transfer, and how fast
Licensed lenders to start with
Our highest-rated licensed lenders right now. Ratings come from our published rubric, never from payment. How we rate
Applications go through our partner Loans Canada, which may match you with this or other lenders. Koke may be paid for referrals. Lenders decide approval, cost and terms.
- Cost per $100
- $14.00
- Borrow up to
- $25,000
- Funding
- Next business day
- Apply
- Online and in-store
Licensed per lender AB, BC, MB, NB, NL, NS, ON, PE, SK Confirm with regulator
- Cost per $100
- $14.00
- Borrow up to
- $1,500
- Funding
- Same day
- Apply
- Online
Licence verified AB, BC, MB, NB, NL, NS, ON, SK
How much will my payday loan cost?
Enter the amount and how long you need it. You’ll see the fee, the total you repay, the due date and the yearly rate, next to a credit card cash advance for the same amount.
Is there a cheaper way to cover the gap?
Often, yes. These usually cost less than a payday loan, and some cost nothing:
- A pay advanceAsk your employer for wages you’ve already earned. Many say yes, and it’s interest-free.
- A credit union loanMany credit unions offer small, short loans for a fraction of what a payday lender charges.
- A credit card cash advanceTwo weeks on $300 usually costs a few dollars in interest plus a fee.
- Overdraft protectionIf your bank account has it, a short overdraft is usually cheaper than $14 per $100.
- More time on a billUtilities, phone companies and many landlords have hardship plans. Call and ask.
- A free credit counsellorNon-profit counsellors help you sort out debts and budgets at no charge, in confidence.
What are my rights when I borrow?
- A licensed lender can’t charge more than $14 per $100, with every fee included.
- In Alberta, British Columbia and Ontario, among others, you can cancel within two business days and owe nothing but the money back.
- A lender can’t roll your loan into a new one to stretch it out.
- The contract must show the total cost in dollars before you sign.
- If a lender breaks the rules, your provincial regulator takes complaints. Find your regulator
Which cities does Koke cover?
Each city page lists the licensed lenders that serve it, the local free help (credit counselling, emergency funds, food banks) and the province’s rules.
New Brunswick
Newfoundland and Labrador
Nova Scotia
Ontario
Prince Edward Island
Read this before you borrow
-
e-Transfer payday loans: who pays out, and how fast
Which licensed lenders send payday loans by Interac e-Transfer, the timing each one publishes, what slows a transfer down, and how to…
-
What happens if you can’t repay a payday loan?
The fees and interest a lender can add, what collectors can and can’t do, how it affects your credit, and the steps…
-
Payday loan or credit card cash advance: which costs less?
Side-by-side costs for $300, $500 and $1,000, how cash-advance interest and fees work, and when each one makes sense.
-
How many payday loans can you have at once?
The one-loan-at-a-time rule, what happens on your third loan in two months, and why repeat borrowing is where the cost adds up.
Questions people ask us
Is Koke a lender?
No. Koke doesn't lend money, approve loans or make credit decisions. We compare lenders licensed in Canadian provinces and explain what borrowing costs. If you apply, the lender or our application partner handles your application and makes every decision.
How much does a payday loan cost in Canada?
In provinces with payday loan laws, a licensed lender can charge at most $14 for every $100 you borrow, including all fees. A $500 loan for two weeks costs $70, so you repay $570. Late or bounced payments can add more.
How much can I borrow with a payday loan?
Up to $1,500. Ontario and British Columbia also limit each loan to 50% of your net pay. Lenders can approve less than you ask for, especially on a first loan.
Can I get a payday loan with bad credit?
Often, yes. Many payday lenders look mainly at your income and bank account rather than your credit score. Some do check credit, and none can promise approval. Each lender profile on Koke shows what that lender says it checks.
One application. A real offer. Your decision.
Tell us what you need once. Our matching partner LeadScout looks for the lender that fits your answers and takes you straight to the offer. Read the cost, compare it with the alternatives, and only sign if it works for you.
Koke is not a lender and may be paid when you apply. Lenders decide approval, cost and terms. No SIN, online-banking login or ID photos asked.