General questions
How much does a payday loan cost?
The current maximum borrowing cost is 14% of principal in British Columbia and $14 per $100 borrowed in Alberta and Ontario. Your agreement shows the actual cost and total repayment.
Is Mr. Payday a direct lender?
Yes. Mr. Payday Easy Loans Inc. is presented on this site as the licensed direct lender serving BC, Alberta and Ontario.
Where does Mr. Payday lend?
This site serves eligible residents of British Columbia, Alberta and Ontario only.
Applying & eligibility
What types of income may be considered?
Depending on the application and province, verifiable income may include employment and certain government or benefit income. Eligibility and approval are not guaranteed.
Can I apply if I have bad credit?
You may submit an application. Credit history can be one factor among several; no approval is guaranteed.
Do you perform credit checks?
Verification and underwriting methods can vary. The application and disclosures explain the information and permissions requested.
Funding & process
How quickly can funds arrive?
Some eligible approved applicants may receive funds in as little as 30 minutes, but timing depends on verification, approval, banking and electronic-transfer availability and is not guaranteed.
Can I apply on a weekend?
The online application can be available outside business hours, but verification, review or banking steps may affect when a decision or transfer can be completed.
How do I repay my loan?
The repayment amount, payment date or schedule, and authorized payment method are stated in your agreement.
Repayment & rights
Can I cancel a payday loan?
Cancellation rights vary by province. BC and Ontario have specific statutory cancellation rights; review your province page and agreement for the exact rule that applies.
Are rollovers allowed?
Provincial laws restrict or prohibit rollovers. Mr. Payday does not present rollovers as a way to extend a payday loan.
What if I think a fee is wrong?
Contact Mr. Payday support promptly and keep a copy of your agreement and account records. You can also contact the applicable provincial consumer-protection authority.