Fast and reliable payday loans in Ontario
Looking for a fast, secure payday loan in Ontario? Finance Solution offers quick access to payday loans in Ontario. With our simple online application and same-day deposit options, you can get the funds you need without the hassle.
Finance Solution supports your borrowing needs with amounts up to $1,250, repayable according to a mutually agreed repayment plan. Our fast, straightforward process guarantees a response within minutes, even with bad credit.
Fast and easy payday loans in Ontario
Looking for a fast, secure payday loan in Ontario? Finance Solution offers quick access to payday loans in Ontario. With our simple online application and same-day deposit options, you can get the funds you need without the hassle.
Finance Solution supports your borrowing needs with amounts up to $1,250, repayable according to a mutually agreed repayment plan. Our fast, straightforward process guarantees a response within minutes, even with bad credit.
Borrow money in Ontario
Applying for a payday loan in Ontario
Finance Solution is a payday lender, providing loan agreements in Ontario and across Canada. Our team of loan brokers will help you obtain the amount you need, up to $1250. No need for paper documents and no credit check for your payday loan application, whether you are in Toronto, Ottawa, Kingston or Mississauga. It’s all done through our online form, accompanied by an IBV check. Much faster than traditional credit unions and financial institutions!
An urgent money loan, on your account in 24 hours
Get your money in less than 24 hours in your bank account, if you apply for our same-day payday loan during working days. Our payday loan approval process takes just 90 minutes, whether it’s your first one or a renewal. Simply choose the amount you need and the repayment plan (varies from 3 to 6 months with our loan brokers) and you’ll get your loan agreement and your cash advance in Ontario within a day.
Refund calculator
Need a loan for a project or to improve your financial future? Our loans are easy to obtain and a trusted solution.
Choose the desired amount, the loan term and you’ll get a repayment plan, with an annual interest rate of 29%. Call on our brokers today to create your payday loan agreement and pay off your credit card, car repairs or any other unexpected expense!
How can I get a loan on a low salary?
If your salary exceeds $1,200 net per month, Finance Solution can offer you a loan of up to $1,250. However, our payday loan agreement includes certain criteria that must be met.
Be over 18
Be a Canadian resident
Have a steady job for at least 6 months
Receive a paycheck by direct deposit in Canada
Have a net monthly income of at least 1200$
Have on hand
– Identification
– Proof of address
– Checking account
– Income information
Frequently asked questions about payday loans in Ontario
What is a payday loan?
A payday loan is a short-term financial advance that allows you to borrow a modest sum against your next paycheck. This quick-fix solution is particularly suited to people faced with unexpected expenses.
Repayment is usually made within 3 to 4 months, directly from your bank account or by bank transfer. Service charges vary from payday lender to payday lender, and additional charges may apply if you are unable to repay the payday loan on time. Remember to ask for payment deferrals if you have occasional difficulties.
In the event of insufficient funds at the time of scheduled repayment, additional penalties may apply, depending on your payday lender. Consumer protection in Ontario strictly regulates these practices to ensure fair transactions.
How much can I borrow with a payday loan in Ontario?
In Ontario, the maximum amount you can borrow with a payday loan is typically $1,500, depending on your income and the lender’s policies. Provincial regulations allow lenders to offer up to 50% of your net pay per loan period. Always verify the exact amount and repayment terms before signing any agreement.
Are payday loans legal in Ontario?
Yes, payday loans are legal in Ontario and are regulated under the Payday Loans Act, 2008. The law limits how much interest lenders can charge, how many loans you can have at once, and requires lenders to be licensed. Always ensure you borrow from a registered payday lender to stay protected under provincial law.
You are from another province of Canada ? Look for a payday loan in Alberta, British Columbia, Saskatchewan, Manitoba, New-Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador.
IMPORTANT INFORMATION
Annual interest rate (APR)
We work with the best financial institutions to offer you an annual interest rate of 29%. Additional costs may be claimed to cover fees for the preparation, assembly, follow-up of the request and management of the customer file.
Reimbursement terms
Our loans reimbursement terms are 3 to 6 months depending on amount borrowed.
Exemple of reimbursement
For an instant loan of $750, $65 will be withdrawn from your account, weekly, over a 4-month period.
This information is given for descriptive purposes only and considers a full repayment, respecting the established payment schedule. These amounts include the fees claimed by the official agent (broker). Membership fees are subject to change. Finance Solution reserves the right to make such changes at any time. Amounts excludes postponed, refused or returned for insufficient funds payment fees .
Refused payment for insufficient funds or others
A 60$ fee will apply for any payment refused or returned for insufficient funds. These fees will be added at the end of your contract.
Postponed payment
It is possible to modify your payment plan by postponing a payment to a further date than according to your payment schedule. We must receive notice three business days prior to the scheduled withdrawal date and an administration fee of 50$ will be charged at the end of your contract. Please note that the first two payment will not be postponed.
Collection
If you miss a payment, one of our agents will contact you to advise you and rectify the situation. The collection officer will establish with you a new date on which the missed payment will be debited from your account. You will be charged a 65$ fee that will be added to the end of your payment schedule. If several payments are missed or you fail to honor your agreement, your file will be transferred to a collection agency.
Compliance of loan agreement
It is important to comply with your agreement and respect your payments. This will allow you to easily obtain a renewal, in addition of being able to increase the amount of your new loan.
Available in every province, except Québec
Eligibility
Although we strive to satisfy all our customers with flexible eligibility conditions, we are obliged to comply with current financial regulations. In order to evaluate your application, you must meet the following criteria:
- Be 18 and over
- Be a Canadian citizen
- Have a steady job for at least 6 months
- Receive a paycheck by direct deposit in Canada
- Not be under bankruptcy protection, intend on filling for personal bankruptcy or a consumer proposal
Completion of your file
Your file will be completed when these three steps have been done
- Reception and approval of all required documents
- Employment validation
- Verification of your personal references
Loans are deposited Monday through Friday during business hours.
Warning: Short term loans can provide an effective solution to meet your needs, but they have to be used wisely. Despite the fact that short-term loans are efficient and fast, the prevailing rates are higher than those of local banks. Therefore, they should be used occasionally and in situations where lower interest options would not be available, for exemple for an emergency. In order to avoid the appearance of a difficult financial situation, it is recommended that you do not contact several loan services.
ASK FOR A LOAN
RENEW A LOAN
HOW IT WORKS
ABOUT US
CONTACT