If you need a payday loan on Sunday, your best bet is to either apply to an online 24/7 Canadian payday loan provider, such as iCash, or a lender with a store for easy cash pickup. Other lenders will allow you to apply for a payday loan on a Sunday since you can easily do this online, but they won’t release your funds until the next business day at the earliest.
In this guide, we cover where you can get a payday loan on a Sunday plus your alternatives.
⚠️ Warning: Be cautious with payday loans
High-cost payday loans are unsustainable for borrowing over a continued period of time and are expensive as a means of longer-term borrowing. View payday costs and regulations by province here. If you're experiencing financial hardship call Credit Counselling Canada for free financial counselling (Monday-Friday 8:00am-5:00pm at +1 866-398-5999). You may also want to consider payday loan alternatives.
Compare online payday loans open on Sunday
1 - 5 of 5
Maximum borrowing costs of payday loans per province
Always refer to your contract for exact repayment amounts and costs.
Province
Max. cost of borrowing a $100 payday loan
Cooling off period to cancel loan
Max. penalty for returned cheque or pre-authorized debit
Alberta
$15
2 business days
$25
British Columbia
$15
2 business days
$20
Manitoba
$17
48 hours excluding Sundays and holidays
$20
New Brunswick
$15
48 hours excluding Sundays and holidays
$20
Newfoundland and Labrador
$14
2 business days
$20
Nova Scotia
$15
Next business day (2 days for online loans)
$40 (default penalty)
Ontario
$15
2 business days
$25
Prince Edward Island
$15
2 business days
N/A
Quebec
Limit of 35% AIR
N/A
N/A
Saskatchewan
$17
Next business day
$25
Alternatives to payday loans: Cash advance apps
Cash advance apps are also another way to borrow money on a Sunday. Like payday loans, these have automated processes that can provide instant approval and funding no matter which day of the week. They have lower loan amounts than payday loans, but they can also be cheaper.
The loans you can get on a Sunday are payday loans and cash advances. That’s because those are typically the only type of loan with providers fully operational on Sundays and a fast enough turnaround time where you can both apply and get funding on the same day.
1. Online payday loan
Some online lenders allow you to apply online, process and transfer your payday loan directly into your bank account within an hour – even on a Sunday. Other online lenders may approve your loan on a Sunday, but transfer the funds as early as the next business day. Compare online lenders offering Sunday payday loans in Canada.
2. Payday loan from a physical branch location
Some lenders have branch locations open on Sundays. You can physically go to one of these stores to submit an application and get your cash loan almost immediately.
3. Cash advance apps
These are not payday loans, but they do share similarities with payday loans. These loans don’t involve credit checks, and you can get instant approval and e-Transfer funding 24/7. However, they have lower loan amounts than payday loans.
Payday loan lenders with physical locations open on Sundays
If you prefer to walk into a store to get a Sunday payday loan in Canada, below are some options. Please note that only some branches are open on a Sunday.
What will I need to apply for a Sunday payday loan?
In order to apply for a payday loan, whether on a Sunday or any other day of the week, you’ll need to meet some basic eligibility criteria and provide some information, which may include:
Eligibility criteria for Sunday payday loans
You must be at least 18 years old, or the age of majority in your province or territory.
You must be a Canadian citizen or a permanent resident, and have a valid Canadian address.
You must have a valid bank account.
You must have a regular source of income.
Required information for Sunday payday loans
Your full name, date of birth, address, phone number and email address.
Your Social Insurance Number and valid government-issued ID.
Your monthly income and employment details.
Your banking details.
What’s an instant decision payday loan?
Although some lenders won’t process your application on a Sunday, you could receive “instant approval” when you submit a loan application online. In this situation, a lender approves (or denies) your loan application based on the preliminary information you provide, but it doesn’t mean you’ll get your loan on the same day.
Instant approval could, however, result in faster processing of the money you request, allowing you to receive it within one or two business days.
If you need a loan that has both instant approval and funding, head over to our instant loans guide.
Pros and cons of getting payday loans on a Sunday
Benefits
You’ll get your money anytime, from anywhere. Some payday loan providers let you borrow funds any day of the week, day or night. Since they offer loans online, you can apply for one just about anywhere or anytime.
You’ll be able to use the funds for any purpose. Payday loan providers don’t place restrictions on how you use the money you receive, as long as you use it for legitimate purposes.
A bad credit score is OK. Unlike traditional lenders, payday lenders accept applications from individuals who have a poor credit score or bad credit history. What’s important is demonstrating an ability to repay the money you borrow.
Drawbacks
You’ll pay a higher APR. One of the biggest drawbacks of payday loans is the high fees that you will pay. Make sure you’re aware of how much you’ll be expected to repay. Fees can vary depending on what province or territory you live in and what your credit score is like.
The loan terms are short. No matter how much money you borrow, expect to repay the entire amount on your next payday. Payday loans are not a solution for larger amounts of debt.
Predatory lenders. When you need money now, it’s easy to go with the first lender you find, but be sure to check if they are a reputable and trustworthy lender before signing a loan contract. This will save you time and money in the long run.
What other options do I have to get quick cash on a Sunday?
Since payday loans are often the most expensive type of loan you can get in Canada, it’s always worth exhausting other options first. Instead of immediately opting for a Sunday payday loan in Canada, consider these other alternatives if you need money quickly on a Sunday:
Ask a friend or family member. When times are tough, your network of support can be exactly what you need to get by. Loans from family members or friends don’t come with interest and tend to have more forgiving terms than those from a lender. Check with someone you know before taking on extra debt and always keep an open line of communication between yourself and any loved ones that you borrow money from.
Take out a credit card cash advance. If you have an existing credit card, you could visit an ATM and take out a credit card cash advance. While the interest rate on what you borrow can be high and is charged immediately, cash is available when you need it – even on a Sunday.
Request more time to pay. When an emergency payment is due on a Sunday, you might be able to ask for more time to pay it off. It can be difficult to get money over the weekend and a business might understand if you discuss your financial troubles instead of missing a payment without notice.
Frequently asked questions about Sunday payday loans
Some lenders and banks require time to process your application and the documentation that you submit. The time it takes to move your loan into your bank account can take a day for the lender and a day for the bank. You can speed the process up if you pick up your money at a physical location, but not all lenders offer this option.
No, LendDirect does not send money on Sundays. If you are approved for a LendDirect loan on a Sunday, the loan funds will be sent to you via e-Transfer on the next banking business day, which would be Monday in most cases.
If you're looking for a loan on a Saturday, learn more about weekend payday loans in our handy guide. Some store locations are open on Saturdays for cash pickup, and you may be able to find one willing to process your application that day, especially if it's an emergency.
Yes. Payday loans are designed to help people between paydays, even if you have bad credit. While these loans carry high interest and require budgeting, they can be helpful when used correctly.
All lenders have eligibility criteria in place to protect their business, and they won't lend to people who can't repay it. This is why you must show proof of an income, so that a lender can be certain that you can make your repayments. Lenders that don’t require a credit check tend to offer extremely high interest rates that can leave you with more debt than you originally started with.
Was this content helpful to you?
Thank you for your feedback!
Written by
Leanne Escobal
Leanne Escobal is a publisher for Finder. She has spent over 11 years working with financial products and services, specializing in content and marketing. Leanne has completed the Canadian securities course (CSC®) as well as the personal lending and mortgages course by the Canadian Securities Institute. She has a Bachelor of Arts (Honours) in English literature and creative writing from Western University. See full profile
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Advertiser Disclosure
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
