Payday Loans in Toronto
Borrow up to $1,500 and receive it by Interac e-Transfer — fully online, 24/7, from anywhere in the GTA.
Toronto is an expensive place to live, and the gap between a paycheque and an unexpected bill can open fast — a transit pass, a security deposit, a car repair before the morning commute down the DVP. Instant Credit S.E.C gives Torontonians a fully online way to borrow up to $1,500 by Interac e-Transfer. We send the e-Transfer when you sign — 24/7, with no line-up at a storefront on Yonge Street and no paperwork.
From downtown to Scarborough, North York and Etobicoke, Toronto workers — hospitality and retail staff, and shift workers with irregular pay — use short-term loans to bridge to payday. We built Instant Credit S.E.C for them: apply from your phone instantly, get a decision as soon as you finish, and get funded instantly by e-Transfer.
How it works
- 1
Apply online, instantly
No documents to fax or scan — connect your bank securely for instant verification.
- 2
Get a decision as soon as you finish
Approval is based on your income and banking history, so all credit is welcome.
- 3
Funded instantly by e-Transfer
We send the e-Transfer when you sign, 24/7.
What a Toronto payday loan costs
Ontario caps the total cost of borrowing a payday loan at $14 per $100 advanced — and that is what we charge, with no other fees.
| You borrow | Cost of borrowing | You repay | Term | APR |
|---|---|---|---|---|
| $300 | $42.00 | $342.00 | 14 days | 365.00% |
| $500 | $70.00 | $570.00 | 14 days | 365.00% |
Cost of borrowing at $14 per $100, on a 14-day term.
A payday loan is an expensive form of short-term credit. Borrow only what you can repay on your next payday.
Full pricing, including the only two charges that can ever be added, is on our rates and fees page.
What will it cost?
See the full cost before you apply — every figure, up front.
Due on day 14 after you sign, or the day after your next payday if that is later; a due date on a weekend or a holiday moves to the next banking day. Your exact due date, term in days and APR are shown before you sign.
Apply NowIllustration from your figures — not an offer, quote or approval. We may lend less than you ask: at most half of your net pay for one pay period, worked out from your bank transactions.
Why Torontonians choose Instant Credit S.E.C
- 100% online — skip the trip; apply from the TTC, your couch, or a night shift.
- Funded instantly by Interac e-Transfer, day or night.
- Up to $1,500, with clear $14 per $100 pricing shown before you sign.
- All credit welcome — approval is based on your income and banking history.
- Licensed in Ontario — Payday Lender Licence 4741682 — and transparent about your rights.
Borrowing in Toronto
Toronto is an expensive city, and a lot of the work here is paid by the hour or by the shift — which means income and expenses rarely line up neatly. An online lender removes the two biggest frictions of a storefront payday loan in a city this size: getting there (traffic, transit, parking) and getting there in time (most stores close evenings and Sundays).
Instant Credit S.E.C takes applications 24 hours a day and funds by Interac e-Transfer, so a Tuesday-night shortfall does not have to wait for a Wednesday-afternoon store visit. The process works the same whether you are in Liberty Village, Agincourt or Rexdale.
Serving every part of Toronto
- Downtown
- Scarborough
- North York
- Etobicoke
- East York
Toronto payday loan FAQs
What people in Toronto ask us most.
Approved applicants are funded instantly by Interac e-Transfer. We send the e-Transfer when you sign, 24 hours a day including evenings and weekends.
No. Instant Credit S.E.C is fully online. You apply, get a decision and get funded instantly without leaving home, anywhere in the GTA.
A payday loan is $1,500 or less, for 62 days or less. We lend up to $1,500, for up to 30 days, or for 61 days. Ontario's rule is that a single payday loan cannot advance more than 50% of your net pay for the pay period.
Yes. Instant Credit S.E.C holds Ontario Payday Lender Licence 4741682 under the Payday Loans Act, 2008, which covers Toronto and the rest of the province.
All credit is welcome. Approval is based on your income and banking history, not only on your credit score.
Yes. We lend to people with steady income on weekly, biweekly, semi-monthly or monthly pay cycles, including shift workers. At present we do not make loans on self-employment or gig income, but you can still apply: every application is assessed. Your loan cannot fall due before your next regular income date.
$42 at $14 per $100, so you repay $342. On a 14-day term that is an APR of 365.00%.
Borrow responsibly
A payday loan is for a short-term gap, not long-term debt. As an Ontario borrower you can cancel by the end of the second day after you receive the loan and a copy of your agreement at no cost and without giving a reason. Your loan cannot be rolled over or extended, and we cannot advance you another payday loan until seven days after this one is repaid in full. We make no third loan within 63 days. After your second payday loan with us, we make no new one until 70 days after the day that loan has been repaid in full (the advance plus the cost of borrowing); then the count starts again. A loan you cancelled counts as one of the two.
If you are dealing with recurring shortfalls, lower-cost options are worth trying first — a line of credit, a non-profit credit counsellor, or 211 Ontario for local support.
Instant Credit S.E.C is licensed as a payday lender in Ontario under the Payday Loans Act, 2008, licence number 4741682, expiring 2027-09-03. We lend in Ontario only. To verify this licence or make a complaint, contact the Ministry of Public and Business Service Delivery, Consumer Services Operations Division at (416) 326-6203 or CPOLicensing@Ontario.ca.
Apply now — up to $1,500, funded instantly by e-Transfer
Apply online, instantly from anywhere in Toronto. A decision as soon as you finish, funds by Interac e-Transfer.