Do you offer Ontario payday loans?
Yes, we offer payday loans in Ontario. Our lending license number is 4721539.
We have been offering payday loans in Ontario since January 2011.
In order to qualify for a payday loan in Ontario, you must be actively working and residing in the province of Ontario. We require at least two payroll deposits from your employer and you must make at least $1000.00 a month on employment income alone.
The interest rate for Ontario payday loans is currently 15%.
For example: The repayment on a $300.00 payday loan is $345.00
Your first payday loan will be issued to you by direct deposit and any subsequent payday loans will be issued by e-transfer.
Our first time payday loans are between $100.00 and $300.00 pending approval by our system.
Once you are approved for a payday with mycanadapayday.com, we will send you a contract for a loan by email. The contract will detail the payday loan amount, the repayment amount and dates as well as the bank account the pre-authorized payments will be withdrawn from. Once the pre-authorized payments has cleared your account and your loan is paid in full, we can process a new loan application.
If you wish to pay off your loan early, please contact us and we will let you know the steps to paying off your loan early.
Additionally, if you have received 2 payday loans within the previous 63 days, your next loan will be divided into either 2 or 3 payments depending on your paycycle. If you are paid weekly/bi-weekly or semi-monthly, your loan will be divided into 3 equal payments. If you are paid monthly, your loan will be split into 2 equal payments.
If you have any additional questions or concerns regarding payday loans in Ontario, please contact the mycanadapayday.com customer service team at 1-877-730-8406 or by email at getpaid@mycanadapayday.compayday loans in the province of Ontario