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Payday loans in Saskatchewan: rules, costs and licensed lenders

Saskatchewan payday lenders must be licensed by the Financial and Consumer Affairs Authority, can lend up to $1,500 for no more than 62 days, and can charge at most $14 for every $100 you borrow, all fees included.

Last reviewed November 7, 2026

Max cost
$14 per $100
Max loan
$1,500
Max term
62 days
Regulator
Financial and Consumer Affairs Authority (FCAA)

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

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$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.

Who regulates payday loans in Saskatchewan?

The Financial and Consumer Affairs Authority, or FCAA, licenses payday lenders and keeps a public list of who holds a licence. If a lender isn’t on that list, it isn’t allowed to lend to you, however professional its website looks.

How much will a payday loan cost?

The cap is $14 per $100. Borrowing $700 costs up to $98, and you’d repay $798. A bounced payment can add a capped fee from the lender plus whatever your bank charges for NSF.

What should I know before signing in Saskatchewan?

  • The lender has to give you the full cost in writing before you sign.
  • A lender can’t extend or replace your loan with a new one that includes the old balance.
  • If you’re struggling with repeat loans, the FCAA’s consumer staff and non-profit credit counsellors can explain your options.

What are the payday loan rules?

Payday loan rules in Saskatchewan
Maximum cost of borrowing$14 per $100 borrowed, all fees included
Maximum loan$1,500
Maximum term62 days
Dishonoured payment feeUp to $20
RegulatorFinancial and Consumer Affairs Authority (FCAA)

Source: Financial and Consumer Affairs Authority (FCAA). Last reviewed November 7, 2026.

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, 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 Saskatchewan See cheaper options first

Common questions

How do I check a payday lender in Saskatchewan?

Search the FCAA's list of licensed payday lenders. The licence holder's name should match the business you're dealing with.

What does a $1,000 payday loan cost in Saskatchewan?

Up to $140 at the $14 per $100 maximum.

Do online payday lenders need an FCAA licence?

Yes. Any lender making payday loans to Saskatchewan residents needs one.

Ready to apply from Saskatchewan?

One application, about three minutes. Our matching partner shows you the offer that fits your answers, from a lender that works in Saskatchewan. Read the cost before you sign.

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Sources

Update log

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