Ontario cost estimator
A direct lender, not a lead-generation form
When you apply through Mr. Payday, your application goes to Mr. Payday Easy Loans Inc. for consideration. We do not present the application as a marketplace that sends your information to a list of unrelated payday lenders.
Licence details and province-specific disclosures are displayed so you can identify the business you are dealing with before applying.
Who may apply?
- Resident of Ontario and at least 18+
- Regular verifiable income may include employment or certain benefit income
- Active chequing account suitable for electronic transactions
- Working phone number and information needed for identity/income verification
Meeting basic criteria does not guarantee approval.
How the online payday-loan process works
1. Apply online
Choose an amount and provide the information requested in the secure application.
2. Verify & review
Information may be verified electronically. If approved, review the agreement, cost and payment schedule before accepting.
3. Funding
Eligible approved applicants may receive funds by electronic transfer. Timing varies and is not guaranteed.
Ontario payday-loan rules to know
Ontario provides a two-business-day cancellation period for payday-loan agreements, subject to the Act and rules for remote agreements.
For authoritative information, see Ontario payday-loan rights. For a plain-language deep dive, read our 2026 Ontario payday-loan regulatory guide.
Serving communities across Ontario
The online application is available to eligible residents throughout the province, not only customers in major cities.
Frequently asked questions
How much does a payday loan cost in Ontario?
The current maximum borrowing cost is $14 per $100 borrowed. Your agreement will show the actual cost, payment dates and total repayment.
Is Mr. Payday licensed in Ontario?
Yes. Mr. Payday Easy Loans Inc. lists Ontario payday lender licence #4716300.
Can I apply online?
Yes. The application is completed online. Approval is not guaranteed and depends on verification and eligibility.
Can I apply with bad credit?
Credit history is only one part of an application. Mr. Payday considers eligibility and ability-to-repay information; approval is never guaranteed.