Venue Financial Centres review: Payday loans
- APR
- Varies by province
- Loan Amount
- $50 - $1,500
- Loan Term
- Up to 62 days
- Speed
- As little as 2 hours with Interac e-Transfer
- Serviced Provinces
- BC
Our verdict
Get a fast payday loan online or in-store in BC, but watch out for the very high cost of borrowing.
Venue Financial Centres is a BC payday lender that offers fast loans of up to $1,500. You can apply online or in-store at eight locations across BC, there are no credit checks and all types of income are accepted. If you're approved, you can get funds via e-Transfer in as little as two hours.
But Venue Financial Centres only offers loans in BC, so borrowers in other provinces will need to try other lenders. Payday loans are also very expensive and have short repayment periods, so make sure you consider all other options before deciding whether to apply.
What is Venue Financial Centres?
Venue Financial Centres is a BC-based lender that offers payday loans both in-store and online. You need a steady source of income to apply, but Venue Financial accepts all types of income. There are no credit checks to apply, and you can get your loan via e-Transfer (if applying online) or cash (if applying in-store).
Once you take out a loan, the maximum time you have to pay it back is 62 days. You’ll also be charged $15 for every $100 borrowed.
Is Venue Financial legit?
Cashco Venue Inc., doing business as Venue Financial Centres, is licensed as a payday lender in British Columbia (licence number 81355). It has eight locations across BC, and its website lists phone and email contact details as well as a privacy policy and terms and conditions.
It’s worth noting that in April 2024, Venue Financial was fined $8,500 by Consumer Protection BC for failing to comply with the Business Practices and Consumer Protection Act and the Payday Loan Regulation. The lender was fined for issuing a new payday loan to borrowers who already had a payday loan and for failing to retain receipts given to borrowers who repaid loans.
What we like about Venue Financial Centres
- Apply online or in-store. You can apply online or visit one of Venue Financial’s eight branches across BC.
- No credit check. You won’t need to complete a credit check to qualify for a loan. Learn more about no credit check loans.
- Get funded in two hours. You can get your funds via e-Transfer in as little as two hours or collect cash in-store.
- Non-employment income accepted. Venue Financial Centres accepts all types of income, including child tax.
- Licensed payday lender. Venue Financial is licensed to provide payday loans in BC.
What to watch out for
- High cost of borrowing. Payday lenders in BC can charge up to $15 for every $100 borrowed, so payday loans are a very expensive way to borrow money.
- Short repayment period. Loan repayment is typically due on your next payday, so it can be very difficult to budget for loan repayments over such a short period of time.
- BC only. If you don’t live in BC, you’ll need to consider other payday lenders.
- Penalties. Venue Financial Centres was fined $8,500 by Consumer Protection BC in 2024 for failing to comply with the Business Practices and Consumer Protection Act and the Payday Loan Regulation.
Alternatives to Venue Financial Centres
GoDay Payday Loan
Loan Amount
$100 - $1,500
Loan Term
Up to 62 days
APR
Varies by province
Cashco Financial Payday Loans
Loan Amount
$100 - $1,500
Loan Term
Up to 62 days
APR
Varies by province
Summary of Venue Financial Centres reviews
| Site | Details |
|---|---|
| Trustpilot | No Venue Financial reviews available |
| No Venue Financial reviews available | |
| BBB accreditation | No |
| BBB rating | A+ |
| BBB reviews | Varies depending on location |
Reviews are current as of October 14, 2024.
What do Venue Financial Centres reviews say?
There are limited reviews available for Venue Financial Centres online, so it’s not possible to get real-world feedback about the type of experience the lender offers to customers.
How to get a payday loan from Venue Financial Centres
To qualify for a Venue Financial payday loan you will need to:
- Be at least 19 years of age
- Provide proof of ID
- Have an open and active bank account
- Have a steady source of income
You’ll also need to provide the following documents:
- Your most recent pay stub
- Bank statements showing your last two income deposits (or one deposit if you receive employment income)
- A pre-authorized debit form or blank, void cheque
- Two pieces of ID
- A picture of yourself holding the ID (unless you’re applying in-store)
- Proof of address
You can apply for a loan online by completing the following steps.
- Visit the Venue Financial Centres website and select Apply Now.
- Enter your name, specify if you’re a BC resident, select your pronouns and enter your date of birth.
- Enter your email address.
- Enter your phone number and marital status.
- Enter your address, specify whether you rent or own the property and enter your monthly rent or mortgage payment.
- Specify how long you’ve lived at your current address.
- Enter your income and employment details.
- Provide proof of ID and upload any required paperwork.
- Enter your desired loan amount and submit your application.
Bottom line
Venue Financial Centres is worth checking out if you need a fast payday loan in BC. It’s easy to apply, bad credit won’t stop you from getting a loan and you can get funded quickly. But you’ll need to consider other lenders if you’re outside BC. It’s also important to consider a range of other options before deciding if a payday loan is right for you.
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