- 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
Payday loans in Thunder Bay: licensed lenders, costs and local help
Thunder Bay lenders must hold an Ontario payday loan licence. The cap is $14 per $100, and no lender can issue a new payday loan until your current one is fully repaid. If you miss a payment, overdue interest can't exceed 2.5% a month. $400 costs $56.
Last reviewed November 7, 2026
- Max cost
- $14 per $100
- Max loan
- $1,500
- Max term
- 62 days
- Cancel within
- 2 business days
- Regulator
- Ministry of Public and Business Service Delivery and Procurement (Consumer Protection Ontario)
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.
Who lends payday loans here?
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 and in-store
Licence verified AB, BC, MB, NS, ON, SK
- Cost per $100
- $14.00
- Borrow up to
- $1,500
- Funding
- Same day
- Apply
- Online and in-store
Licence verified AB, BC, NS, ON
- Cost per $100
- $14.00
- Borrow up to
- $1,500
- Funding
- Same day
- Apply
- Online and in-store
Licence verified AB, BC, MB, NB, NL, NS, ON, SK
- Interest rate
- 9.99% to 35% APR (unsecured from 29.99%)
- Borrow up to
- $20,000
- 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 and in-store
Licensed per lender BC, ON Confirm with regulator
- Interest rate
- 24.99% to 34.99% APR
- Borrow up to
- $10,000
- Funding
- Same day
- Apply
- Online and in-store
Licensed per lender AB, BC, MB, NB, NL, NS, ON, SK Confirm with regulator
No storefronts confirmed in the last 90 days. Lenders listed above serve Thunder Bay online.
Thunder Bay is a long way from everywhere else, and prices show it. Groceries, fuel and heating cost more, and a trip south for a specialist appointment is a real expense. The city's jobs are in health care, education at Lakehead University and Confederation College, the port, forestry and mining services. Many households also support family in remote northern communities, which can stretch a paycheque further than it looks on paper.
What if I need to travel for medical care?
Don’t borrow for it until you’ve checked the Northern Health Travel Grant. It helps Northern Ontario residents with travel costs when they have to go a long way for specialist care. Apply with your referral, and keep your receipts.
How do northern prices affect payday borrowing?
When everyday costs run higher, the 50% limit on each loan comes up faster, and repaying a loan out of the next cheque can leave you short again. Borrow the smallest amount you can, and if you’re borrowing to cover groceries, the Regional Food Distribution Association of Northwestern Ontario supplies food banks and programs across the city.
Where else can I get help?
Lakehead and Confederation College students can ask about emergency bursaries. 211 Ontario can point you to rent and utility help in Thunder Bay. Non-profit credit counsellors, including the Credit Counselling Society, serve Thunder Bay by phone and video, so distance isn’t a barrier.
Under Ontario rules, you can cancel a payday loan within two business days for free, and a lender can’t contact you more than three times a week about a missed payment.
What if I’m borrowing to help family up north?
Sending money to relatives in remote communities, or paying for their travel into the city, is a common reason people borrow in Thunder Bay. If someone is travelling for medical care, check whether their travel is covered first: First Nations members may have travel covered through Non-Insured Health Benefits, and others may qualify for the Northern Health Travel Grant.
A worked example: $400 borrowed for a family member’s travel costs up to $56. If the trip qualifies for a grant or benefit, the cost to you could be nothing.
Is there somewhere cheaper to try first?
Regional Food Distribution Association of Northwestern Ontario
Supplies food banks and programs across Thunder Bay and the region.
Northern Health Travel Grant
Helps Northern Ontario residents with travel costs for specialist medical care far from home.
Credit Counselling Society
Non-profit credit counselling by phone, video or in person. Advice is free, and they can set up one affordable repayment plan with the people you owe.
211 Ontario
Free, confidential referrals to help with rent, food, utilities and emergencies. Dial 2-1-1 any time.
What will it cost?
Common questions
Do online payday lenders lend in Thunder Bay?
Yes, if they hold an Ontario licence. Check the lender on Ontario's public licence search before you apply.
Can I get help with travel costs for medical care?
Yes. The Northern Health Travel Grant helps with travel to specialist care far from home. Apply before borrowing.
What does a $400 payday loan cost in Thunder Bay?
Up to $56 at the $14 per $100 maximum.
Nearby
Thunder Bay neighbourhoods
- Port Arthur
- Fort William
- Current River
- Westfort
- Intercity
- Northwood
- Vickers Heights
Ready to apply from Thunder Bay?
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.
Reviewed by Trust Pilot, Accredited Financial Counsellor Canada® on November 7, 2026. Our editorial standards
Sources
Update log
- — Page published; provincial rules and local help checked.