Mississauga borrowers get Ontario's full payday loan protections: a $14 per $100 cost cap, a limit of half your net pay, no rollovers and a free two-business-day cancellation window. Lenders need an Ontario licence. Borrowing $500 costs $70. Licensed lenders and cheaper local options are 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.
Licence verified AB, BC, MB, NB, NL, NS, ON, SK
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, 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 Mississauga online.
Mississauga is Canada's seventh-largest city, with major employers near Pearson airport, in logistics, pharmaceuticals and head offices, and a large share of residents who commute across the GTA. Car payments, insurance and transit costs take a big bite out of many budgets here. If you're looking at a payday loan to cover one of those, here's what Ontario lets a lender charge and where Mississauga residents can find cheaper help.
Ontario car insurance is among the most expensive in the country, and the GTA’s postal codes are some of the priciest. A renewal that jumps by a few hundred dollars, or a repair before a long commute, is a common reason for a short-term loan here. Before borrowing, ask your insurer about switching to monthly payments, and ask the repair shop whether it can split the bill. Both often cost nothing.
The Mississauga Food Bank supports residents through dozens of agency partners across the city. Credit Canada offers free counselling to Peel residents by phone and online. Banks and credit unions in Square One, Port Credit and Meadowvale offer overdraft protection and small personal loans. If you’re on Ontario Works or ODSP, ask your caseworker about emergency help first.
Storefronts cluster along Hurontario Street, Dundas Street and in plazas near Cooksville and Malton. Online lenders licensed in Ontario lend here too. Whichever you use, check the lender’s Ontario licence, and remember you can cancel within two business days if you change your mind.
Say your car needs $800 of brake work before a long commute up Highway 403. At Ontario’s cap, an $800 payday loan costs $112, if $800 is within half your net pay. Repaid on your next biweekly payday, that’s $912 in one go. If that’s more than you can spare, ask the lender about Ontario’s extended payment plan rules before signing, or ask the shop to take $400 now and $400 next payday, which costs nothing. Residents of Oakville, Milton and Brampton often use the same lenders and services; Ontario’s rules apply everywhere in the province.
Food support through partner agencies across Mississauga.
Non-profit credit counselling for Ontarians: free advice, budgeting and debt repayment programs.
Free, confidential referrals to help with rent, food, utilities and emergencies. Dial 2-1-1 any time.
You can, but ask your insurer about monthly payments first. Splitting the premium usually costs far less than a $14 per $100 loan.
$1,500, and no more than 50% of your net pay for the loan period.
Ontario caps default interest at 2.5% a month and the bounced-payment fee at $20. Call the lender before the due date to talk about a plan.
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.
