When you are in need of quick cash, mr. Payday has got you covered! We have been helping canadians with their short term loan needs since 2002.


How Our Loan Process Works

Apply Online

Applying for a loan with Mr. Payday is easy and fast. Fill out our simple and secure application form.

Get Approved

It usually takes about 30 minutes to get approved for a payday loan during our business hours.

Instant Funding

Once your loan application is approved, you will receive an e-mail money transfer withing 30 minutes.

What Our Customers Have To Say

Payday Loan Application

Picture of Payday Loan Application in Article

Making a payday loan application is becoming a quicker process as the days go by. People who have always considered taking a loan whenever they walk through dark financial valleys but feared that the process would take too long to be practical can turn to payday loans. These are express loans that can be cleared on the same day, sometimes having the approval done minutes after application. There are many valid reasons why people would want to take payday loans if they know that they have an emergency at hand. The advantages of this kind of loan make it suitable for emergency obligations which cannot be kept waiting.

The convenience with which the payday loan application takes place is rivaled by very few options. People do not need to go to an office somewhere and talk to a person who is also using all sorts of prejudice and bias to decide who gets the loan. Just by fulfilling minimal conditions, someone can fill in an express form via the internet and within minutes, he can check his inbox to know if the loan has been approved. Confirmation emails are usually sent within 5 minutes of approval, making the loan preferable to people who urgently need a ‘verdict’.

Secondly, people with very bad credit have some solace with this kind of loans. The payday loan application does not focus on someone’s credit score and previous ratings with other lenders. On average, people who do not carry good credit scores get a run around whenever they apply for any forms of financing in uptown banks. Even when they get financing, they have to keep up with strict conditions like extremely high interest rates and a shortened grace period. Some lenders also request the submission of collateral. That makes people dread the idea of taking loans even in situations when they would be practical.

People all make financial mistakes in their lifetime but that does not give anyone the right to give a permanent judgment to them. People have been known to change some spending habits to push forward towards better credit ratings. A payday loan application allows someone to get funds and utilize them for any emergencies and since the repayment is done immediately upon receiving the next paycheck, the person inculcates that lifestyle of borrowing during deficits and paying back when the surplus arrives.

A Payday Loan Application is Like an Application For an Unsecured Loan

Payday loans in turn fall in the category of unsecured loans. Unsecured loans as a whole get approved faster than secured loans. The amount people borrow as unsecured loans are to some degree smaller amounts than those of secured loans. The banks are always happy to part with a lot if they know that there is collateral involved. That way, they have less capital at risk. For that reason, the lenders of unsecured loans are risk-loving and are willing to take more risk at a premium return. That is why a payday loan application does not delve too much into details about someone’s previous loan repayment record.

A payday loan application in Canada only needs the proof that someone is a citizen or resident of age 19 or above. The account which is specified during the registration should be the same account where checks from the employer are deposited. Therefore, it is only fair that the account must have had the previous paycheck deposited there anytime within the previous 2 months to show that there is activity. With the above information, getting a payday loan application started is simple and needs someone to make it to the website offering the loans and fill out a three step form to apply.