Payday Loans
Overview
A short term loan designed to meet unexpected expenses or financial emergencies in between paydays.
What to expect
Our friendly staff will help you get your loan in as little as 15 minutes.
What to bring
If you’re 18 or older, all you need is:
- Proof of income
- Photo ID
- A bank statement
What you need to know about Payday Loans.
What is a Payday Loan?
- Payday Loans are unsecured short term loans averaging approximately $300 for a period of 1 to 18 days, up to a maximum of 60% net pay, depending on where you live. Check your local branch for details.
- A cheque or pre-authorized debit, in the amount of the principal, interest and fees, is provided by the client for repayment.
- Payday Loans are a high cost form of borrowing.
- Payday Loans should be used to help meet unexpected expenses or financial emergencies in between paydays.
Cash advance requirements*:
- Source of income
- Photo ID
- Proof of active bank account
- Proof of address
- Cheque or pre-authorized debit in the amount of principal loan amount plus interest
*Additional documentation may be necessary. Some restrictions may apply.
What are the fees?
Fees and interest vary from province to province.