Weekend payday loans in Canada: Who’s open?

Need quick cash on a Saturday or Sunday? Find out where you can get a loan without having to wait.

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By

Leanne Escobal

Edited by

Joselle Delos Reyes

Updated

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If you find yourself short on cash, there are services you can turn to even on the weekend. These lenders often have quick and simple processes, and some don’t even require any credit checks. However, watch out for very high interest rates.

Keep reading to find out where to get and how to apply for weekend payday loans in Canada.

⚠️ 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. 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. Maximum borrowing costs will vary by province. Review the maximum borrowing cost for your province before entering into a loan agreement.

Weekend payday loans in Canada

1 - 5 of 5
Product CAFSL Loan Amount Loan Term APR Speed Serviced Provinces Offer Table description
GoDay Payday Loan
GoDay logo
$100 - $1,500
Up to 62 days
Varies by province
As little as 2 minutes with Interac e-Transfer
AB, BC, MB, NB, NS, ON, PEI, SK
To apply, you'll need to be a Canadian resident over the age of 18 with a valid email address, phone number and an open bank account with a Canadian bank or credit union.
Go to siteMore Info
iCash Payday Loan
iCash logo
$100 - $1,500
7 - 62 days
Varies by province
As little as 2 minutes with Interac e-Transfer
AB, BC, MB, NB, NS, ON, PEI
24/7 instant approval and e-Transfer funding.
Same day cash up to $1,500 for car payments, rent, mortgage, home & appliance repair, and more. Income of at least $800/month required.
Go to siteMore Info
Wagepay Wage Advance Loan
Wagepay logo
$100 - $1,500
Up to 62 days
Varies by province
As little as 2 minutes with Interac e-Transfer
BC, ON
Lower and transparent fees. No late or NSF fees.
Get early access to a portion of your pay. Sign up in less than 3 minutes and receive funds via e-Transfer 24/7.
Go to siteMore Info
Money Mart Payday Loan
Money Mart logo
$120 - $1,500
1 - 62 days
Varies by province
As little as 1 hour after getting approved
AB, BC, MB, NS, NT, ON, SK, YT
To be eligible, you’ll need to be at least 18 years of age with a steady source of income and a chequing account. No credit check required.
More Info
Cash Money Payday Loan
Cash Money logo
$100 - $1,500
5 - 40 days
Varies by province
As little as 15 minutes with INTERAC e-Transfer
BC, MB, NL, NS, ON, SK
Instant decision and e-Transfer funding. Income of at least $1,000/month required.
More Info
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Alternatives to payday loans: Cash advance apps

Cash advance apps are also another way to borrow money on a weekend. 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.

1 - 3 of 3
Product CAFPL Loan Amount Loan Term Fees Offer
KOHO Cover
KOHO logo
$20 - $250
Flexible
0% interest with a subscription fee starting at $2/month
Signup for a KOHO account with code SAVINGS and get a $40 cash bonus deposited into your account when you make your first $20 purchase.
Sign up for a KOHO account and access a zero-interest cash advance. Repay anytime. No credit check required.
Go to siteMore Info
Nyble Credit Line
Nyble logo
$30 - $250
30 days, extendable
0% interest with optional fees
Use code CFIND1J to get 500 extra points and a $5 higher approval. Conditions apply.
Get a credit line with no interest or fees. Pay an optional membership fee to access premium services such as instant funding.
Go to siteMore Info
Bree Early Pay
Bree logo
$20 - $350
Next pay cycle
0% interest with a $2.99 monthly membership fee
Access up to $350 with no interest. $2.99 monthly membership fee. No credit check required. Pay a fee to get instant funding.
Go to siteMore Info
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Can I get a payday loan on the weekend in Canada?

Yes, there are lenders in Canada that give approval and funding for payday loans on weekends. You can visit a store that’s open on weekends, get approved on the spot and walk out with your funds.

You can also apply online with a payday lender that operates on a weekend. If you’re applying online, check that there’s an option to receive your funds via Interac e-Transfer as e-Transfers can be sent and received 24/7 even if your bank is closed or it’s outside business hours.

What do I need to get a weekend payday loan in Canada?

Basic requirements for online payday loan applications include the following:

  • Be at least 18 years old or the age of majority in your province.
  • Be a Canadian citizen or resident.
  • Provide government-issued ID.
  • Provide proof of recurring income.
  • Have a valid bank account (make sure you have e-Transfer set up).

These are the basic requirements for in-store applications:

  • Be at least 18 years old or the age of majority in your province.
  • Be a Canadian citizen or resident.
  • Provide government-issued ID.
  • Provide proof of recurring income.
  • Have a working phone number.

How quickly can I receive a weekend payday loan in Canada?

We’ve rounded up a list of lenders offering weekend payday loans in Canada and information on their availability.

ProviderAvailabilityServiced provinces
iCash
  • Online 24/7
AB, BC, MB, NB, NS, ON, PEI
GoDay
  • Online 24/7
AB, BC, MB, NB, NS, ON, PEI, SK
My Canada Payday
  • Online 24/7
AB, BC, MB, NS, ON, SK

Cash 4 You
  • 9am -5pm Sat (closed Sun)
ON
PAY2DAY
  • Online 24/7
  • Typically 9am-9pm Sat
  • Typically 10am-6pm Sun
ON, BC, NS
Cash Money
  • Online 24/7
  • Typically 9am-9pm Sat
  • Typically 10am-6pm Sun
BC, MB, NL, NS, ON, SK

How to compare weekend payday loans in Canada

While many weekend payday lenders offer the same features, there are some differences to watch out for, which can help narrow down your options of loans to apply for. These features include the following:

  • Turnaround time. One of the fastest ways to get weekend payday loans in Canada is from online lenders who have fully automated application and approval processes. Many lenders operate online 24/7 and offer e-Transfer within minutes of getting approved.
  • Reputation. Make sure you choose a legitimate payday lender that abides by provincial regulations and properly assesses your ability to repay a payday loan. Also, read reviews from people who have taken out a loan from them.
  • Application. Lenders’ applications differ too. They may ask for online banking verification or a photo of yourself. They might give an instant decision or take an hour or 2 to respond. Watch out for lenders like Speedy Cash, for example, that advertise 24/7 online applications over the weekend but won’t deposit loan funds until the next business day.
  • In-store network. If getting a weekend payday loan at a store is important to you, check whether the lender has any convenient locations.

How much do payday loans cost in Canada?

Since payday loans are provincially regulated in Canada, the overall cost of a weekend payday loan will vary based on where you live. Here’s a breakdown of how much a $500 payday loan would cost:

Province Cost per $100 Total fee Total repayment amount
Alberta $15 $75 $575
British Columbia $15 $75 $575
Manitoba $17 $85 $585
New Brunswick $15 $75 $575
Newfoundland and Labrador $14 $70 $570
Nova Scotia $17 $85 $585
Ontario $15 $75 $575
Prince Edward Island $15 $75 $575
Saskatchewan $17 $85 $585

Payday loans are one of the most expensive types of personal financing on the market. For example, a payday loan taken out over a 2 week period will be more expensive than a credit card cash advance in that instance. Check out our full guide to payday loan alternatives to learn more about cheaper options.

Pros and cons of weekend payday loans

Pros

  • 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 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 it’s 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.
  • No credit checks. Some lenders offer no credit check loans.

Cons

  • You’ll pay a higher APR. One of the biggest drawbacks of weekend payday loans in Canada is the high fees. Make sure you’re aware of how much you’ll be expected to repay. Fees can vary depending on your credit score and the province or territory you live in.
  • The loans are only short-term. 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 saves you time and money in the long run.

When should you avoid weekend payday loans?

  • Avoid a loan you can’t repay. If you think you’ll have trouble repaying your loan, don’t take it out. Late or missed payments could lead to extra charges, costing you more money and sending you into a vicious cycle of debt.
  • Avoid skimming quickly over your loan offer document. Before you accept the weekend payday loan, take time to go through the terms and conditions carefully. This should give you a clear picture of the fees and charges you might be expected to pay under various circumstances.

How do I know a payday loan is legit?

There are a few ways to determine if a payday lender is legit.

  • Check that the lender has a licence. A payday lender operating in Ontario, for example, must have an Ontario payday loan licence.
  • See if the lender is transparent about fees. Lenders in Ontario, BC and other provinces are required to show you a full breakdown of the cost of your loan.
  • Avoid lenders guaranteeing approval. Steer clear of lenders who promise you that you’ll get a loan. Responsible, legitimate lenders make sure you can afford to repay the loan before approving. Learn more about guaranteed approval loans.

Bottom line

Many online lenders offer weekend payday loans in Canada. You can always visit a local payday store location to apply for the loan in person, if there are any open near you on the weekend. However, it’s becoming more common to apply for payday loans online and receive your loan funds anytime day or night – even on the weekends. Compare and apply with an online weekend payday lender here.

Frequently asked questions

Joselle Delos Reyes's headshot
To make sure you get accurate and helpful information, this guide has been edited by Joselle Delos Reyes as part of our fact-checking process.
Leanne Escobal's headshot
Written by

Publisher

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 bio

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