My Canada Payday Review 2026Apply Now Check if I Qualify ↓
Written and analysed by Smarter Loans Editorial Team · Reviewed by Rafael Rositsan
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Four questions checked against My Canada Payday's published criteria, per product. No application started.
My Canada Payday verifies through Inverite and asks for nothing else: resident, of age, income above the line.
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15 reviews from borrowers who used My Canada Payday. Reviews are moderated; lenders cannot remove them.
These guys are great no problems what so ever. Everything worked exactly how they said it would and was very quick and efficient. Have used them three times and was a great experience everytime. 5 stars out of 5!
My favourite part is that they work with you. If you get a bigger loan ! They break the payments up for ya which is so nice an considerate of them
I've had no issues with multiple payday loans. Quick and easy and totally online, they are even pretty helpful about moving a replayment date around if needed.
These guys are totally awesome. Quick, efficient and totally on the ball. Best payday loan place ever.
Fast approval and funding. My Canada Payday really came through in an emergency.
Their service is straightforward and honest. No hidden fees.
Appreciated the flexible repayment options.
Funds were deposited same day. Really impressed!
Customer service was courteous and professional.
They approved me when banks wouldn't. Thankful for that.
Showing 10 of 15 reviews.
My Canada Payday has been solving customer's cash problems with payday loans since 2008. High acceptance rates, fast approval, and funds sent instantly through Interac online e-transfer make them a solid option to get an online payday loan from.
My Canada Payday is a locally owned and operated Canadian business, and a fully licensed Payday Lender in British Columbia, Alberta, Nova Scotia, Saskatchewan, Manitoba and Ontario. They are a member of the Canadian Consumer Finance Association and British Columbia Chamber of Finance. Applicants personal information is safe because they use state of the art encryption to protect your data.
My Canada Payday offers a payday loan.
My Canada Payday offers payday loans between $100 and $1,500.
My Canada Payday loans vary by province, but they do communicate the longer your term is, the higher the interest rate will be.
My Canada Payday loans are short-term and last up to 2 months long.
To qualify for a loan with My Canada Payday you need to be a Canadian residents over 18 years old, generate a minimum income of $1,200 per month and provide instant banking verification using Inverite. They approve those with bad credit.
My Canada Payday is completely online, so you won't need to FAX any documents or go to a storefront and can apply 100% online. Filling out their application online should take less than 5 minutes.
My Canada Payday often sends approved applicants their funds within the same day of applying.
My Canada Payday issues loans using Interac e-Transfer. Once you have accepted the contract, usually you will receive the e-Transfer in about 5 minutes. If you have automatic deposits turned on you'll find the funds dropped into your account without you having to do anything. Otherwise you'll need to check your email in order to deposit the transfer into your account.
My Canada Payday loans are repaid at any time with no prepayment penalty fees. Anytime you need to change your payment schedule, just contact their customer service staff.
My Canada Payday is available in Alberta, British Columbia, Manitoba, Nova Scotia, Ontario and Saskatchewan.
My Canada Payday offers customer support by phone, email and have a help centre/blog.
My Canada Payday working hours include Monday to Friday from 8 AM and 8 PM EST and also on weekends and holidays from 9 AM to 5 PM. While this is when you can contact them, you can apply for a loan anytime 24/7.
