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Small amounts. Nearly eight in ten small-loan requests from Calgary on our platform are for less than $1,000, and the average is about $520. That comes from 1,338 applications in the first half of 2026, a quarter of all of Alberta's.
The reasons are everyday ones. About four in ten people are catching up on bills, and one in eight is paying a medical cost. Just over half work full-time, and a quarter live on benefits.
| Amount asked for | Share of Calgary requests | Average request |
|---|---|---|
| $100 to $499 | 44.0% | $236 |
| $500 to $999 | 33.9% | $571 |
| $1,000 to $1,499 | 22.1% | $1,024 |
Smarter Loans platform, applications from Calgary for $100 to $1,499, 1 January to 30 June 2026.
The same at every lender. Alberta sets the price at $14 per $100 borrowed, with every fee included. A $500 loan costs $70. The average Calgary loan costs about $73, and the most anyone can pay is $210, on the $1,500 maximum.
You do not repay it all on your next payday. The loan runs 42 to 62 days, and Alberta's Consumer Protection Act requires an installment plan over that time. A missed payment can bring an extra charge, so match the installment dates to your pay dates before you sign.
GoDay, iCash, Money Mart and My Canada Payday, the same four listed on the payday loans in Alberta page. All four lend online and pay out within 24 hours of approval, iCash within the hour. Three set no minimum credit score. Each holds an Alberta payday loan licence.
They want $800 to $1,500 a month from full-time, part-time or self-employed work. None of the four lists benefits. If benefits are your income, say so on the application, because the income type you choose decides which lenders see it.
If you need longer than 62 days, a short-term loan under the 35% federal cap costs less. Every payday lender we work with is on the payday loans in Canada page.
Reviewed by Vlad Sherbatov, Co-Founder and President, Smarter Loans, 3 October 2026. Lender terms checked August 2026. Platform figures cover applications from 1 January to 30 June 2026.
Alberta sets the price at $14 per $100 borrowed at every lender. A $500 loan costs $70. The most you can pay is $210, on the $1,500 maximum.
No. Alberta requires an installment plan, and the loan runs 42 to 62 days, so the payments fall on two or more pay dates.
Nearly eight in ten Calgary requests are under $1,000, and the average is about $520. Figures are from Smarter Loans applications, January to June 2026.
These four lenders ask for income from work, not benefits. About a quarter of Calgary applicants are on benefits. Choosing benefits on the form sends the application only to lenders that consider it. Figures are from Smarter Loans applications, January to June 2026.
Alberta requires a payday loan licence of every lender, online or in a store, and all four lenders serving Calgary through us hold one.
