A payday loans works exactly how it sounds. It is typically a very short term loan, at a very high interest rate, that you pay back when you get your next paycheque. Payday loans in Toronto are common, and there are many lenders online and offline that can offer this type of loan. However you should be cautious with Toronto payday loans because they can suck you into a vicious cycle that is hard to get out of.
If you are considering getting a payday loan in Toronto, think about getting a term loan from one of the alternative lenders listed in the chart below. Even if your credit is less than perfect, they may be able to help. You can even rebuild your credit using their products – something you can never do with a Toronto payday loan. Click one of the lenders below to see their full profile, loan details and to find their online application. You can also apply right here on Smarter Loans and we will connect you to a lender.