Payday Loans in Ontario.
Up To $1,500, By e-Transfer
INSTANT.CREDIT S.E.C is a licensed Ontario payday lender. Apply online instantly, get a decision as soon as you finish, and receive your funds by Interac e-Transfer — 24/7, no storefront visit.
Licensed in Ontario · Payday Lender Licence 4741682
What will it cost?
See the full cost before you apply — every figure, up front.
Payday loans are high-cost loans. Borrowing $100 for two weeks costs $14.
Apply NowIllustration from your figures — not an offer, quote or approval. The amount you can borrow is capped at 50% of your net pay.
The Numbers, Before You Apply
Ontario sets what a payday loan may cost and what you are entitled to. Here is where we sit against those limits.
A Payday Loan Without the Storefront
Fully online, fully licensed, and priced at the Ontario cap with nothing added on top.
Funds by Interac e-Transfer
Once you are approved, your money is sent by e-Transfer — evenings and weekends included.
Apply instantly
From your phone or desktop. Connect your bank securely instead of scanning and faxing documents.
$14 per $100, and nothing else
That is Ontario's maximum total cost of borrowing. No application fee, no processing fee, no broker fee. Only a missed payment can add anything, and those charges are capped too.
All credit welcome
Approval is based on your income and banking history, not on your credit score alone.
Two days to change your mind
Cancel any payday loan by the end of the second day after you receive your agreement and your money, at no cost and for no stated reason. It is your right in Ontario.
Licensed and accountable
Ontario Payday Lender Licence 4741682, issued under the Payday Loans Act, 2008. Verify it with the Ministry any time.
Three Steps to Your e-Transfer
Apply online, instantly — no documents to scan, no store to visit.
Apply online
Tell us how much you need and when you next get paid. The application is instant.
Connect your bank
A secure read-only connection confirms your income and banking history. Nothing is faxed or uploaded.
Get your funds
Approved applicants receive their money by Interac e-Transfer, and repay in one payment on their next payday.
What Ontario Guarantees You
These apply to every payday loan in the province, from us or anyone else.
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Cancel within two days
You may cancel a payday loan up to the end of the second day after you get your agreement and your money — or the next day we are open, if we are closed then — at no cost and without giving a reason.
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Never more than 50% of your net pay
A single payday loan cannot advance you more than half your net pay for the period.
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An extended payment plan
If this is your third payday loan within 63 days, you are entitled to repay it in instalments across at least three pay periods, with no extra fee for doing so.
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Capped charges if something goes wrong
Default interest is capped at 2.5% per month, non-compounding, and a returned payment costs at most $20. There are no other default charges.
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No rollovers
An Ontario lender may not lend you money to pay off an existing payday loan with them, or charge you to extend one.
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Somewhere to complain
If you think a lender has broken these rules, contact the Ministry of Public and Business Service Delivery at (416) 326-6203 or CPOLicensing@Ontario.ca.
Frequently Asked Questions
Straight answers about what a payday loan costs, who qualifies, and what you are entitled to.
$14 for every $100 you borrow. That is the maximum total cost of borrowing allowed under the Payday Loans Act, 2008, and it is what we charge — there is no application fee, processing fee or broker fee on top. On $500 over 14 days the cost is $70, you repay $570, and the annual percentage rate is 365%.
Up to $1,500. Ontario also caps a single payday loan at 50% of your net pay for the period, so the amount you are offered depends on what you actually take home.
Approved applicants are paid by Interac e-Transfer, once you are approved and your agreement is signed, 24 hours a day including evenings and weekends.
No. Our payday lender licence is issued by Ontario and covers Ontario residents only. If you live elsewhere in Canada, you will need a lender licensed in your own province.
All credit is welcome. We look at your income and banking history rather than your credit score alone, so a low score does not rule you out on its own. Every application is assessed — no lender can guarantee approval.
You can cancel any Ontario payday loan by the end of the second business day at no cost and without giving a reason. Return the principal and you owe nothing further.
Contact us before your due date. Default interest is capped at 2.5% per month, non-compounding, and a returned payment costs at most $20 — there are no other default charges. If this is your third loan within 63 days you are entitled to an extended payment plan at no extra cost.
Questions Before You Apply?
Ask us anything about eligibility, cost or repayment and we will come back to you within one business day.
See what it costs before you apply
Every figure up front — the cost of borrowing, the total you repay, and the date it is due.