Terms and Conditions

Last updated: September 6, 2026

Effective date: September 6, 2026

These Terms and Conditions are between you (the “User”, “you”, “your”) and Instant Credit S.E.C, styled INSTANT.CREDIT S.E.C — a limited partnership (société en commandite) constituted under the law of Quebec and registered in Ontario as an extra-provincial limited partnership under Business Identification Number 1001496851, acting through its general partner, Credit Inc., and carrying on business from 2233 Argentia Road, Unit 302, Mississauga, Ontario L5N 2X7 (“INSTANT.CREDIT”, “we”, “us”, “our”) — the operator of the website at payday.instant.credit (the “Site”).

A limited partnership is not a corporation. It has no articles of incorporation and no board of directors. Under article 2236 of the Civil Code of Québec, the general partner is the only partner authorized to administer and bind a limited partnership. Where these Terms say that we do something, agree to something, or are bound by something, the partnership does so through its general partner, and the partnership is the lender and the party to your loan agreement.

We are licensed as a payday lender in Ontario under the Payday Loans Act, 2008, S.O. 2008, c. 9 (the “PLA”), licence number 4741682, issued 3 September 2026 and expiring 3 September 2027, at the office address above. Verify this licence, or complain about us, with the Ministry of Public and Business Service Delivery, Consumer Services Operations Division, at (416) 326-6203 or CPOLicensing@Ontario.ca.

This document is organized as follows:

PART A — Terms of Website Use
PART B — Terms That Apply to a Payday Loan From Us
PART C — The Consents You Give When You Apply
PART D — Defined Terms

How we handle personal information is set out separately, in our Privacy Policy, which forms part of these Terms.

PART A — TERMS OF WEBSITE USE

1. Acceptance

By accessing or using the Site you agree to Part A, to our Privacy Policy, and, if you submit an application, to Part B and Part C. If you do not agree, do not use the Site. Nothing on the Site is an offer of credit, and nothing on it creates a binding loan; a loan exists only when you and we enter into a written loan agreement.

2. Who may use the Site

You represent that you are at least 18 years old, have reached the age of majority in Ontario, and have the legal capacity to enter into a binding contract. The Site is directed to residents of Ontario. Our licence is an Ontario licence and we do not lend outside Ontario.

3. Permitted and prohibited use

The Site is made available for lawful informational purposes and so that you can apply for a payday loan from us. You agree not to:

(a) use the Site in breach of any law;
(b) reverse engineer, decompile, scrape, or extract source code, data, or content by automated means, except for ordinary search-engine indexing;
(c) interfere with the integrity, security, or performance of the Site, including by introducing malware, conducting denial-of-service activity, or attempting unauthorized access;
(d) misrepresent your identity, impersonate anyone, or submit false, inaccurate, or stolen information in an application;
(e) use the Site to harvest other people’s personal information; or
(f) use the Site for the benefit of, or to facilitate anything for, a person sanctioned under Canadian sanctions legislation.

4. Intellectual property

All content on the Site — text, design, graphics, logos, the names “INSTANT.CREDIT” and “Instant.Credit”, and the underlying software — is owned by or licensed to INSTANT.CREDIT and protected by intellectual property law. You have a limited, revocable, non-exclusive, non-transferable licence to access and view the Site for your own personal, non-commercial use. Anything else requires our prior written consent.

5. Third-party services and links

The Site links to, and our application process integrates with, third parties (each a “Service Provider”) — including consumer reporting agencies, the secure bank-connection provider, identity-verification providers, payment processors, and WhatsApp for chat. We are not responsible for their content or practices, and your use of any of them is subject to that provider’s own terms and privacy policy. Naming a Service Provider is not an endorsement of anything it offers you separately.

6. Disclaimer of warranties

THE SITE IS PROVIDED “AS IS” AND “AS AVAILABLE”. TO THE FULLEST EXTENT PERMITTED BY LAW, INSTANT.CREDIT DISCLAIMS ALL REPRESENTATIONS, WARRANTIES, AND CONDITIONS, EXPRESS OR IMPLIED, INCLUDING ANY WARRANTY OR CONDITION OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, OR NON-INFRINGEMENT. WE DO NOT WARRANT THAT THE SITE WILL BE UNINTERRUPTED, ERROR-FREE, OR FREE OF HARMFUL COMPONENTS.

This section is about the Site. It does not limit anything we owe you under a loan agreement, under the PLA, or under the Consumer Protection Act, 2002, S.O. 2002, c. 30, Sched. A (the “CPA”). Cost figures, calculator results, and examples shown on the Site are illustrations. The binding figures are the ones in your own loan agreement.

7. Limitation of liability

TO THE FULLEST EXTENT PERMITTED BY LAW, INSTANT.CREDIT, ITS GENERAL PARTNER, AND THEIR RESPECTIVE PARTNERS, OFFICERS, EMPLOYEES, AND AGENTS ARE NOT LIABLE FOR ANY INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, OR PUNITIVE DAMAGES ARISING FROM YOUR USE OF THE SITE, EVEN IF ADVISED OF THE POSSIBILITY. OUR AGGREGATE LIABILITY ARISING FROM YOUR USE OF THE SITE WILL NOT EXCEED ONE HUNDRED CANADIAN DOLLARS (CA$100).

This limit does not apply to liability arising from a loan agreement, and it does not apply to (i) gross negligence, wilful misconduct, or fraud; (ii) death or personal injury caused by our negligence; or (iii) any liability that cannot lawfully be limited or excluded, including your rights under the PLA and the CPA.

8. Indemnity

You agree to indemnify INSTANT.CREDIT and its general partner against any claim, loss, damage, liability, or expense (including reasonable legal fees) arising from your breach of Part A, your misuse of the Site, or your violation of any law or of any third party’s rights. This section does not apply to anything arising out of a loan agreement between us.

9. Governing law and where disputes are heard

These Terms, and any loan agreement made through the Site, are governed by the laws of the Province of Ontario and the federal laws of Canada applicable in Ontario. The courts of Ontario have jurisdiction over any dispute.

Your right to go to court is not taken away. There is no arbitration clause in these Terms. Under section 7 of the CPA, your substantive and procedural rights under that Act apply despite any agreement to the contrary, and a term that would require a consumer dispute to be arbitrated is invalid in so far as it would prevent you from bringing an action in the Superior Court of Justice. Under section 8 of the CPA you may commence or join a class proceeding. Nothing in these Terms waives, and nothing in them is intended to waive, any right you have under the PLA, its regulations, or the CPA. Any provision of these Terms that conflicts with the PLA or its regulations is of no effect to the extent of the conflict.

10. Suspension of access

We may suspend or terminate your access to the Site at any time, with or without notice, including if we reasonably believe you have breached Part A. Suspending your access to the Site does not affect your rights or obligations under a loan agreement already in force. Sections 4 to 9 and 11 of Part A survive.

11. General

Changes. We may modify these Terms. We will update the “Last updated” date and post the revised Terms on the Site, and will notify you of a material change by reasonable means. Changes to these Terms do not change a loan agreement you have already entered into — that agreement can only be varied as the PLA allows.
Entire agreement. These Terms, the Privacy Policy, and any loan agreement between us are the entire agreement about their subject matter. Where a loan agreement and these Terms conflict, the loan agreement governs.
Severability. If a provision is held invalid or unenforceable, the rest remains in force.
Assignment. You may not assign these Terms. We may assign them, and may assign or transfer a loan, in connection with a sale, financing, or securitization of all or part of our business or loan portfolio; your rights under the PLA travel with the loan.
Notices. Notices to us go to support@instant.credit or to our office address above. Notices to you go to the email address, mobile number, or postal address you gave us.
Force majeure. Neither party is liable for a failure or delay caused by an event beyond its reasonable control. This does not extend any deadline the PLA imposes on us, and it does not extend your right to cancel.
No waiver. A failure or delay in exercising a right is not a waiver of it.

PART B — TERMS THAT APPLY TO A PAYDAY LOAN FROM US

Part B describes the product and the rights Ontario law gives you. It is a summary written in plain language; your own loan agreement contains the binding terms of your loan, and the PLA and Ontario Regulation 98/09 govern both. Where this summary and the law differ, the law prevails.

1. What we offer, and what we do not

We make payday loans as a direct lender, to residents of Ontario, for personal, family, or household purposes. A payday loan from us is a single-payment loan: you receive an advance and repay the advance plus the cost of borrowing in one payment on your due date, unless an extended payment plan applies under section 9 below.

The maximum advance is $1,500, and the maximum term is 62 days (PLA s. 32(1)).
We are the lender. We are not a broker: we do not arrange or refer your application to another lender, and we do not charge a brokerage fee.
We do not offer business or commercial financing, lines of credit, instalment loans, or any other credit product.
We lend only in Ontario. If you live in another province or territory, you need a lender licensed where you live.

A payday loan is an expensive form of credit, intended to bridge a short gap to your next pay. It is not suited to a recurring shortfall, and it is not a substitute for longer-term credit. Before applying, it is worth asking a creditor for more time, asking your employer about a pay advance, or speaking to a non-profit credit counsellor.

2. Eligibility and assessment

To be considered you must be at least 18, live in Ontario, have a regular source of income, and hold an active Canadian chequing account in your own name.

All credit is welcome — approval is based on your income and banking history. Every application is assessed. We cannot and do not guarantee approval, and we may decline an application. Nothing on the Site or in these Terms is a promise of approval.

3. What it costs

Ontario caps the total cost of borrowing a payday loan at $14 for each $100 advanced (O. Reg. 98/09, s. 23). That cap is a cap on everything, not just on interest — an application fee, a processing fee, a brokerage fee, or a fee to send you your money would all count against it. We charge $14 per $100 and nothing else.

On a $500 advance the cost of borrowing is $70 and you repay $570. Expressed as an annual percentage rate, calculated in the way section 55 of Ontario Regulation 17/05 prescribes, the cap works out to 365% on a 14-day term, 170.33% on a 30-day term, and 82.42% on a 62-day term. The APR falls as the term lengthens because the same $14 per $100 is spread over more days. The cost of your own loan is calculated on your actual advance and your actual term, and is shown to you in full before you enter into the agreement.

There is no penalty for repaying early. Because the $14 per $100 is a fixed cost of borrowing rather than interest that accrues daily, repaying a few days early does not reduce it — but cancelling within the window in section 7 removes it entirely.

On the criminal rate of interest. The criminal rate of interest under section 347 of the Criminal Code (Canada) is 35% APR, lowered from 60% with effect from 1 January 2025. A payday loan costs more than that, and is lawful only because section 347.1(2) of the Criminal Code takes payday loans outside section 347 where every one of the following is true: the amount advanced is $1,500 or less; the term is 62 days or less; the total cost of borrowing does not exceed the federal limit of 14% of the amount advanced (SOR/2024-114); the lender is licensed under provincial legislation to make payday loans; and the province is designated for that purpose by the federal government. We hold Ontario payday lender licence 4741682, and Ontario is designated by SOR/2009-277. Every loan we make is kept within all of those limits.

4. How much you can borrow

Two ceilings apply, and the lower one governs:

$1,500 — the statutory maximum advance (PLA s. 32(1)); and
50% of your net pay for the pay period — a single payday loan may not advance you more than half of the net pay you are due (O. Reg. 98/09, s. 16.2(3), with net pay defined in s. 16.2(1)).

This is why we ask about your income and look at your recent banking history. You may be offered less than you asked for, and less than $1,500, because of the net-pay ceiling.

5. Your term and your due date

The term of your loan cannot end before your next regular income date (O. Reg. 98/09, s. 34(1)), and cannot exceed 62 days. Your due date is set out in your agreement, together with the exact amount payable on that date.

6. Your loan agreement

Before you enter into a loan with us you receive a written agreement setting out the amount advanced, the total cost of borrowing, the total you must repay, the term, the due date, the annual percentage rate, your right to cancel, and the other information the PLA and Ontario Regulation 98/09 require. Because we contract with you remotely, we make the agreement available in a way that lets you read it, keep it, and print it before you accept it, and we give you a copy immediately after you enter into it.

Read it before you accept it. If anything in it differs from what you were told, do not accept it — contact us.

7. Your right to cancel

You may cancel a payday loan up to the end of the second day after we have both given you your agreement in the form the law requires and delivered your advance — or, if we are not open for business on that second day, the end of the next day we are open — without giving any reason and without paying any penalty or cost of borrowing (PLA s. 30(1), which runs the clock from our compliance with s. 29(1) and (2)). To cancel, tell us in any way that lets us know, and return the amount advanced. You then owe nothing more; we do not keep any part of the cost of borrowing.

In two situations the right to cancel does not expire at all:

if we did not give you a copy of your agreement in the form the law requires; or
if, on a loan agreed remotely, we did not make the advance accessible to you within one hour of entering into the agreement (O. Reg. 98/09, s. 21(2)).

In either case you may cancel at any time. If you think either applies to your loan, contact us, and you may also contact the Ministry (section 14).

8. Repayment

You repay in one payment on your due date, by the method set out in your agreement. Where you have authorized a pre-authorized debit, we take the payment from the account you nominated on the due date. You may repay early, in whole or in part, at any time, at no charge. If you want to change the account or the method, tell us before the due date so that the change can be made in time.

9. Extended payment plan

If this is your third or subsequent payday loan with us within a 63-day period, we must offer it to you as an extended payment plan, and you are entitled to one automatically (O. Reg. 98/09, s. 25.1(2)). Under an extended payment plan:

you repay in instalments over at least three of your pay periods if you are paid semi-monthly, bi-weekly or more often than that — or at least two if you are paid less frequently (O. Reg. 98/09, s. 25.1(2));
no single instalment may exceed 35% of the total of the advance and the cost of borrowing — or 50% where the plan runs over two pay periods because you are paid monthly;
you may end the plan at any time by paying the outstanding balance in full, and no charge, fee, or penalty may be imposed for doing so; and
the plan itself costs nothing extra. The cost of borrowing stays at $14 per $100 of the advance.

10. The seven-day rule

We may not make you a new payday loan until seven days have passed since the full outstanding balance of your previous payday loan with us was paid, or since you gave us proof that it was paid (PLA s. 35(1)). If we break that rule, you are required to repay only the amount advanced — you owe no cost of borrowing at all.

11. No rollovers, no extensions

We may not lend you money to pay off an existing payday loan with us, and we may not charge you to extend or renew one (PLA s. 36(1)). Nobody licensed in Ontario may. If a lender offers to roll your loan over for a fee, that lender is breaking the law.

12. If you miss a payment

Contact us before your due date. It costs nothing to talk to us, and there is usually more we can do before a payment fails than after.

Ontario permits only two charges after a payday loan is made, and caps both:

Default interest — a maximum of 2.5% per month, non-compounding, on the outstanding principal (PLA s. 32.1(3)); and
A dishonoured-payment fee — a maximum of $20, whatever the bank charges us (O. Reg. 98/09, s. 25.2).

Those two are the only charges we will add. The Act itself also permits a lender to recover reasonable legal costs of collecting a payday loan (PLA s. 33(1)); we do not charge them. No collection fee, no administration fee and no additional cost of borrowing may be added by anyone.

When we may contact you about a missed payment. Ontario Regulation 98/09, s. 32(3) and (4) limits collection contact by telephone or in person: on a Sunday, only between 1:00 p.m. and 5:00 p.m. local time; on any other day, not before 7:00 a.m. and not after 9:00 p.m. local time; and not at all on any of the eleven holidays listed in s. 32(4). That regulation also limits how often we may contact you. If you believe we have contacted you outside those limits, tell us, and you may complain to the Ministry (section 14).

A missed payment may be reported to a consumer reporting agency and may affect your ability to obtain credit.

13. Credit reporting

We may obtain a consumer report about you when you apply and, with your consent, while your loan is outstanding, and we may report your loan and payment history to a consumer reporting agency. Section 7 of our Privacy Policy explains this in full, including the notice required by the Consumer Reporting Act (Ontario) and your right to see and correct your own credit file.

14. Complaints

Tell us first: support@instant.credit or (514) 600-0924. We will acknowledge your complaint, look into it, and give you an answer.

You do not have to come to us first, and you can go to the regulator at any time. Complaints about a licensed payday lender in Ontario go to the Ministry of Public and Business Service Delivery, Consumer Services Operations Division — (416) 326-6203 or CPOLicensing@Ontario.ca. The same office will confirm that our licence is valid. Complaints about how we handle personal information go to the Privacy Officer and, if you are not satisfied, to the Office of the Privacy Commissioner of Canada (1-800-282-1376, www.priv.gc.ca).

Educational materials about payday lending, approved by the Registrar of Payday Loan Services, are available from us free of charge on request.

PART C — THE CONSENTS YOU GIVE WHEN YOU APPLY

Part C is the substance of the consents presented to you during the application. By clicking “I consent” (or the equivalent) at the time you apply, you confirm the following. Nothing in Part C authorizes us to do anything the PLA, the CPA, or PIPEDA prohibits.

1. Your application

By submitting an application, I:

(a) certify that the information I have given is true, accurate, and complete, and undertake to provide further information on request;
(b) consent to INSTANT.CREDIT verifying that information, including with my financial institution and, where I have specifically authorized it, with my employer or another person I have named;
(c) understand that my application will be assessed and may be declined, and that no approval is guaranteed;
(d) understand that if my application is approved I will receive a written loan agreement before any money is advanced, and that the agreement — not the Site, the calculator, or any conversation — sets the amount advanced, the cost of borrowing, the total repayable, the term, and the due date; and
(e) confirm that I am borrowing for personal, family, or household purposes, that I am at least 18, and that I live in Ontario.

2. Consumer report consent

I expressly consent to INSTANT.CREDIT obtaining a consumer report about me — a credit report, a credit score, or both — from a consumer reporting agency, at the time of my application and, while I have a loan outstanding, for the purposes of administering it and collecting amounts owing. I consent to INSTANT.CREDIT reporting information about my loan, including my payment history, to a consumer reporting agency. I acknowledge that this Part C, together with section 7 of the Privacy Policy, is the written notice that a consumer report may be obtained about me.

3. Bank connection consent

I expressly consent to INSTANT.CREDIT obtaining, through its bank-connection provider Flinks Technology Inc. acting on its behalf, read-only access to the accounts I select, and to the retrieval of account and holder details, balances, and transaction history, for the purposes of verifying my identity, my income and its regularity, my next regular income date, my net pay, and my ability to repay. I understand that:

(a) I enter my online banking credentials on the provider’s own interface, and INSTANT.CREDIT does not see, receive, or store my online banking password;
(b) the connection is read-only and does not allow money to be moved;
(c) the retrieval is a point in time, and ongoing access is not maintained unless I separately agree to it; and
(d) I may ask instead to be considered on bank statements I provide, and INSTANT.CREDIT will tell me whether it can do so.

4. Identity verification consent

I consent to INSTANT.CREDIT, and to identity-verification and fraud-prevention providers acting on its behalf, collecting and reviewing my identity document and any image of it, and checking my details against reference databases, for the sole purpose of verifying my identity and preventing fraud in connection with my application.

5. Payment authorization

I authorize INSTANT.CREDIT to send the advance to the account I have nominated, and to take repayment from that account on the due date by the method set out in my loan agreement, in the amount and on the date that agreement specifies. I understand that this authorization is governed by the terms of my loan agreement and the applicable payment rules, that I may revoke it in accordance with those rules, and that revoking it does not cancel my loan or discharge what I owe.

6. Electronic documents and signature

I consent to receiving my loan agreement, disclosures, and notices in electronic form, and to signing electronically, in accordance with the Electronic Commerce Act, 2000 (Ontario). I confirm that I am able to access, retain, and print documents in that form. I may ask for a paper copy at any time, at no charge. I may withdraw this consent for future documents by writing to support@instant.credit.

7. Communications consent

I consent to being contacted about my application and my loan by email, telephone, and text message at the addresses and numbers I have given, and I understand that these transactional messages are part of the service and continue while I have an application or a loan.

Separately, and optionally, I may consent to receiving commercial electronic messages about INSTANT.CREDIT products and services under Canada’s Anti-Spam Legislation. Marketing consent is not a condition of getting a loan. Every commercial message identifies the sender, gives a postal address and a means of contact, and carries a working unsubscribe mechanism. I may withdraw marketing consent at any time by replying STOP to a text message, using the unsubscribe link in an email, or writing to support@instant.credit. Withdrawing it does not affect messages about my application or my loan.

8. Recording of calls

I consent to INSTANT.CREDIT recording or monitoring telephone calls and chat sessions for quality assurance, training, fraud prevention, and dispute resolution. I will be told at the start of a call if it may be recorded.

9. Licensing and status disclosures

INSTANT.CREDIT S.E.C is the lender. It is not a broker, and it does not refer applications to other lenders.
It is licensed as a payday lender in Ontario under the Payday Loans Act, 2008, licence no. 4741682, expiring 3 September 2027, at 2233 Argentia Road, Unit 302, Mississauga, Ontario L5N 2X7.
The licence is an Ontario licence. Payday loans are offered to residents of Ontario only.
The maximum allowable cost of borrowing under payday loan agreements is $14 for each $100 advanced.

PART D — DEFINED TERMS

In these Terms and Conditions:

“advance” means the amount of money we actually give you, before the cost of borrowing is added.
“business day” means a day other than a Saturday, a Sunday, or a holiday, for the purpose of the cancellation right in Part B, section 7.
“cost of borrowing” means everything you must pay for the loan beyond the advance itself — in Ontario, capped in total at $14 for each $100 advanced.
“CPA” means the Consumer Protection Act, 2002, S.O. 2002, c. 30, Sched. A.
“extended payment plan” has the meaning given in Part B, section 9, and in section 25.1 of Ontario Regulation 98/09.
“net pay” has the meaning given in section 16.2(1) of Ontario Regulation 98/09.
“payday loan” has the meaning given in section 1(1) of the PLA.
“PLA” means the Payday Loans Act, 2008, S.O. 2008, c. 9, and “O. Reg. 98/09” means Ontario Regulation 98/09 made under it.
“Privacy Officer” has the meaning given in section 3 of our Privacy Policy.
“Service Provider” has the meaning given in Part A, section 5.
“Site” has the meaning given in the preamble.

Contact

Instant Credit S.E.C, styled INSTANT.CREDIT S.E.C, acting through its general partner Credit Inc.

Licensed office — 2233 Argentia Road, Unit 302, Mississauga, Ontario L5N 2X7
General inquiries and notices — support@instant.credit · (514) 600-0924
Privacy Officer — privacy@instant.credit · (514) 600-0924
Licence — Ontario payday lender licence no. 4741682, Payday Loans Act, 2008, expiring 3 September 2027
Regulator — Ministry of Public and Business Service Delivery, Consumer Services Operations Division · (416) 326-6203 · CPOLicensing@Ontario.ca

Terms and Conditions