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Payday loans in British Columbia: rules, costs and licensed lenders

In British Columbia, a payday loan can cost no more than $14 for every $100 borrowed, including every fee, and can't be more than half of your take-home pay. Lenders need a licence from Consumer Protection BC, which also handles complaints.

Last reviewed November 7, 2026

Max cost
$14 per $100
Max loan
$1,500
Max term
62 days
Cancel within
2 business days
Regulator
Consumer Protection BC

Payday loan rules are set by each province and can change. Figures on this page were last checked on November 7, 2026 against Consumer Protection BC. Always confirm with the lender’s contract and your regulator.

Apply from here

$500
Most a payday loan can cost
$70
You’d pay back
$570

Based on the $14 per $100 legal maximum. Lenders can charge less, never more.

About 3 minutes. Koke is not a lender; we may be paid when you apply. No SIN or banking login asked.

What makes BC’s payday loan rules different?

British Columbia ties the size of a payday loan to your income. No single loan can be more than 50% of the net pay you receive during the loan’s term, so someone bringing home $1,600 every two weeks can borrow up to $800 on a two-week loan, even though the legal ceiling is $1,500.

BC also bans fees for loading your loan onto a cash card. If a lender offers to pay you that way, the card itself has to be free.

Who licenses payday lenders in BC?

Consumer Protection BC licenses and inspects payday lenders, and it acts on complaints. It has ordered licensed lenders to refund borrowers after finding problems with their loan contracts, a reminder that a licence is only the start of the story.

What should I check before borrowing in BC?

  • Search the lender’s name on Consumer Protection BC’s licensee lookup.
  • Make sure the contract shows the total cost in dollars and the annual percentage rate.
  • Ask whether the product you’re signing is a payday loan or a “high-cost credit” product. BC regulates them separately, and the second can carry different terms.

What are the payday loan rules?

Payday loan rules in British Columbia
Maximum cost of borrowing$14 per $100 borrowed, all fees included
Maximum loan$1,500
Maximum term62 days
Loan size limit50% of your net pay
Cancellation (cooling-off)2 business days
RegulatorConsumer Protection BC

Source: Consumer Protection BC. Last reviewed November 7, 2026. Check a lender’s licence.

Which lenders are licensed here?

Cash Money

5.0/5

Cost per $100
$14.00
Borrow up to
$1,500
Funding
Next business day
Apply
Online and in-store

Licence verified AB, BC, MB, NB, NL, NS, ON, SK

Apply now Read review

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.

Cashco Financial

5.0/5

Cost per $100
$14.00
Borrow up to
$1,500
Funding
Same day
Apply
Online and in-store

Licence verified AB, BC, SK

Apply now Read review

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
$1,500
Funding
Same day
Apply
Online and in-store

Licensed per lender AB, BC, MB, NS, ON, SK Confirm with regulator

Apply now Read review

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
$1,500
Funding
Same day
Apply
Online and in-store

Licensed per lender AB, BC, NS, ON Confirm with regulator

Apply now Read review

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
$1,500
Funding
Same day
Apply
Online and in-store

Licensed per lender AB, BC, MB, NB, NL, NS, ON, SK Confirm with regulator

Apply now Read review

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.

Payday loans by city

What will it cost?

Pre-filled with your province’s legal maximum. Lower it if your lender charges less.

Fee
—
Total to repay
—
Due date
—
Annual rate (APR)
—

Same amount on a credit card cash advance (assuming 22.99% APR plus a $5 fee): —

Payday loans are one of the most expensive ways to borrow. These figures are estimates. Your lender’s contract shows the real cost and must follow your province’s rules.

Results are estimates for illustration only. Your actual cost, due date and terms are in your loan agreement.

Compare licensed lenders in British Columbia See cheaper options first

Common questions

How much can I borrow on a payday loan in BC?

Up to $1,500, but never more than 50% of your net pay during the loan period. A lender has to check your income to work that out.

Can a BC lender charge me for a cash card?

No. BC bans fees for issuing or using a cash card to receive payday loan funds.

Where do I complain about a payday lender in BC?

Consumer Protection BC takes complaints and can investigate licensed lenders. Keep copies of your contract, receipts and any messages before you contact them.

Ready to apply from British Columbia?

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Sources

Update log

  • — Page published; rules checked against the provincial regulator.