Published payday loan terms, side by side. Rates reviewed August 2026.
Best for: Borrowers who need a payday advance in a province where their options are limited
Apply Now Full profileBest for: Borrowers who want verification handled entirely by the bank connection, with a decision in minutes
Apply Now Full profile| Magical Cash | My Canada Payday | |
|---|---|---|
| Amount range | $100 – $1,500 | $300 – $1,500 |
| Rate | $14 per $100 borrowed | $14 per $100 borrowed |
| Funding speed | 2 days | 1 day |
| Minimum income | $2,000/month minimum | $1,200/month minimum |
| Income types | 4 income types accepted | 3 income types accepted |
| Minimum credit band | any | any |
| Provinces | 2 provinces | 6 provinces |
