One application. 4 lenders.
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Every Apply button starts the same single application. Your chosen lender is prioritized first.
The price is federal, the rest is provincial. Federal rules cap the price at $14 per $100, every fee included. Saskatchewan sets the rest. A payday loan can be no more than $1,500, or half your take-home pay. It must run less than 62 days, and you can cancel until the end of the next business day.
| Saskatchewan rule | What it means for you |
|---|---|
| Price | $14 per $100 borrowed, every fee included |
| Largest loan | $1,500, and no more than half your take-home pay |
| Term | Less than 62 days |
| Cancelling | Until the end of the next business day, at no cost |
| A second loan | Not while the first is open; no fee to roll over or extend |
| Late | Default interest of no more than 30% a year on the amount in default, and one NSF charge of up to $25 |
| Licence | Every payday lender serving Saskatchewan residents must be licensed with the FCAA |
Every payday lender serving Saskatchewan residents must be licensed with the FCAA.
People on benefits, nearly as often as people in work. More than a third of Saskatchewan small-loan applicants on our platform live on benefits, and about four in ten work full-time. None of the four lenders lists benefits as income it accepts.
Bills are the top reason, at about four in ten requests. The average request is about $470.
All four lend online and pay out within 24 hours of approval, one within the hour. Three set no minimum credit score, and one considers poor credit. Income minimums run from $1,000 to $1,500 a month. Our application reaches all four at once.
Plan for it before you borrow. A Saskatchewan lender cannot charge a fee to roll the loan over or extend it, and you cannot take a second loan while the first is open. If you may need longer, a short-term loan under the 35% federal cap is the cheaper choice from the start.
The personal loans in Saskatchewan page lists the ten personal lenders that serve the province. Every payday lender we work with is on the payday loans in Canada page.
Reviewed by Rafael Rositsan, Co-Founder and CEO, Smarter Loans, 4 October 2026. Lender terms checked August 2026. Platform figures cover applications from 1 January to 30 June 2026.
Federal rules cap it at $14 per $100 borrowed, every fee included. A $500 loan costs $70.
You can borrow up to $1,500, but no more than half your take-home pay.
Yes. You can cancel until the end of the next business day, at no cost.
No. Saskatchewan allows only one payday loan at a time, and a lender cannot charge a fee to roll it over or extend it.
All four lenders pay out within 24 hours of approval, and one within the hour.
