London, Ontario borrowers get Ontario's payday loan protections: lenders need a provincial licence, can charge no more than $14 per $100, can't lend more than half your net pay, and must let you cancel within two business days. A $350 loan costs $49. Compare options below.
Last reviewed November 7, 2026
Payday loan rules are set by each province and can change. Figures on this page were last checked on November 7, 2026 against Ministry of Public and Business Service Delivery and Procurement (Consumer Protection Ontario). Always confirm with the lender’s contract and your regulator.
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Licensed per lender AB, BC, MB, NS, ON, SK Confirm with regulator
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.
Licensed per lender AB, BC, NS, ON Confirm with regulator
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.
Licensed per lender AB, BC, MB, NB, NL, NS, ON, SK Confirm with regulator
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.
No storefronts confirmed in the last 90 days. Lenders listed above serve London online.
London is southwestern Ontario's hub for health care, education and manufacturing, with Western University and Fanshawe College bringing tens of thousands of students to the city each year. That mix means a lot of part-time income, rent tied to the academic year and cars needed to reach work outside the core. Here's what a payday loan costs in London and where students and workers can find cheaper help.
Western and Fanshawe both have emergency funds for students facing sudden costs, and those are usually interest-free. If you’re waiting on an OSAP payment, the financial aid office can sometimes speed it up or offer a short-term loan in the meantime. A payday loan should come well after those options.
Storefront lenders are concentrated on Dundas Street east of downtown, Wellington Road and Oxford Street. Online lenders licensed in Ontario lend here too. Ontario law caps the cost, limits the loan to half your net pay, bans rollovers and gives you two business days to cancel. If you’ve borrowed three times in 63 days, the lender has to offer you an extended payment plan.
The London Food Bank serves the whole city. Libro Credit Union, based in London, offers small loans and financial coaching. Non-profit credit counsellors work with London residents by phone and online, and 211 can point you to local emergency programs.
A $500 loan to cover a gap between a part-time job and an OSAP deposit costs $70 at Ontario’s cap and has to be repaid in one payment on the due date, unless you qualify for an extended payment plan. Before borrowing, ask the financial aid office whether your OSAP can be released sooner or whether a short-term student loan is available. If you’re working, ask your employer about an advance on hours you’ve already worked; it’s legal and it’s free.
Residents of St. Thomas, Strathroy and Woodstock often borrow in London; Ontario’s rules apply everywhere in the province.
London’s Old East Village and Hamilton Road areas have community organizations that run free tax clinics each spring. Filing your return can unlock the GST/HST credit, and the Ontario Trillium Benefit, money that many people miss and that can make a short-term loan unnecessary.
Emergency food support for London households.
Students can ask about emergency bursaries and short-term loans, usually interest-free.
Non-profit credit counselling for Ontarians: free advice, budgeting and debt repayment programs.
Yes. Both schools have emergency funds. Ask the financial aid office before borrowing anywhere else.
$70 at Ontario's $14 per $100 cap.
Libro Credit Union is based in London and offers personal loans to members.
One application, about three minutes. Our matching partner shows you the offer that fits your answers, from a lender that works in Ontario. Read the cost before you sign.
