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 Fees

Picture of Payday Loan Fees in Article

Looking at the benefits of payday loans versus the payday loan fees charged, someone will understand why there are differing opinions as to when to take traditional loans and when to go for the cash advances. Basically, the differences are more glaring whenever there is an urgency to spend on something that came up as an emergency. During emergencies, the fees charged become less important than the access to the money itself. Someone who is having a sick parent in an emergency room is less concerned about paying some percentage more for access to quick money. That is why time matters a lot.

When medical bills are concerned someone will be willing to pay slightly more in terms of fees just as long as he is guaranteed that he will have the money in his hands when the time is needed most. Many beneficiaries of traditional loans can agree that sometimes, they are more interested in having that money ready instead of going through integrity checks and scans through their scores, whether they are looking good or not. Just the fact that someone doubts their ability to pay can make them refrain from taking some loans, and will be okay with the higher payday loan fees charged.

Where payday loans play a big role is in instances that a check is guaranteed to be coming at the end of the month. For example, employed people who have a stable routine of earnings can predict accurately, when they can be expecting the next paycheck. Therefore, if these people are over 19 and have been holding that job for over 2 months, they have more options of getting emergency funds. The payday loan fees are a bargain compared to the other uncertainty they would have had to go through, if they decided to apply for credit cards and keep waiting. Credit cards do not guarantee approval.

For someone to cope well with the payday loan fees, he should take amounts he is comfortable paying and focus on reimbursing the cash within a short period of time. If he decides to extend the period, the lender will be okay with that but it does not mean that it will auger well with the already agreed on interest charges. In that sense, people are also encouraged to gauge and be sure that they are borrowing only when they have no means to foot all bills using only the resources in their bank account. Even so using their own money should not mean that they clean their accounts empty.

Payday loan fees are worth it because of the convenience the cash advances allow

A loan should be dispatched quick and convenient. What makes lenders hesitate and take a lot of time during the processing is when they are too keen on studying the history of the person who is borrowing. All that time would have been spent figuring out the quickest way to deposit the funds involved in the bank account details provided by the lender, had he decided that the payday loan fees were worth it. In quick comparison, information deducted shows that the process required before payday loans get approved is shorter because unnecessary bottlenecks have been dealt with.

Someone should not continue guessing and fumbling in the dark. Someone can take control of emergencies that need immediate financing even if the account balance has run terribly low. The future paychecks are guarantee enough that there is a way to pay back a loan. The payday loan companies have accepted that as the reality, so it only becomes the initiative of the borrower to settle for the slightly higher payday loan fees but be guaranteed prompt money to settle emergency obligations in good time.