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Trusted by More than 2,000,000 Canadians since 2016
June 12, 2025
Amy Orr
Jenna West
Although Prince Edward Island is Canada’s smallest province in both size and population, PEI has no shortage of residents in every stage of their careers. As unexpected bills and accidents tend to happen at the worst possible moments, payday loans are one of Prince Edward Island’s most commonly researched loans. However, payday loans come with soaring interest rates that can easily cause a financial burden on the borrower’s wallet. There are better solutions available on Smarter Loans in Prince Edward Island. One of the best alternative options to a PEI payday loan is the online installment loan or an express loan. These loans offer you access to funds in a matter of hours, so you don’t have a stressful waiting period.
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