Loan Express Reviews, Ratings And Fees January 2023

Based on 6
Customer Reviews
600 Mackenzie Blvd, Suite #9
Mackenzie, British Columbia
V0J 2C0
  • 24/7

Who Is Loan Express

Loan Express is a payday lender in Canada that was first established in 2006. With over 15 years of experience in the lending industry, they know how to get you a cash advance quickly. They provide these advances in the form of small loans with short terms of 14 days. They accept applications every day of the year (24/7). With their minimal requirements people from all walks of life, even those with bad credit, are welcome to apply with Loan Express. Whether you need some cash for an emergency, a large purchase, or simply to make ends meet, Loan Express will get you the money no matter where you are in Canada.

How To Get A Payday Loan With Loan Express In Canada

Applying for a payday loan is a fairly simple process. Most applicants take between 5 and 20 minutes to complete the application form depending on how well they’ve prepared. At Loans Express the entire application process is done online. You don’t have to wait in line at a branch or go through any formal process. Simply fill out their 1-page online application form with the following information: 

  • Personal Identification – You will have to provide your name, address, contact information, and SIN number. 
  • References – You’ll need to provide references when applying. They can be a family member or friend. You’ll have to provide their whole name and phone number.
  • Income Details – Depending on your income source, you’ll have to provide certain details regarding how much you receive, by who, and more. 
  • Direct Deposit Banking Information – Bank name, transit number, account number.

If your application is approved you will receive your requested funds by the next business day. You can also opt to use Loan Express’s online bank verification if your bank supports it. This method will allow you to receive your loan through an e-transfer within 5 minutes of signing your loan agreement.

What Do I Need To Qualify for a Payday Loan with Loan Express In Canada?

In general, Payday lenders have very low requirements. loans Express is no different. To qualify for a loan you must meet the following criteria.

  • You must be at least 18 years old. 
  • You must have an active bank account that is at least 30 days old. 
  • You must have an income that is directly deposited into your bank account.

Keep in mind that the amount you qualify for is determined by your income level. For example, you may only qualify for $300 even if you need $700. 

Steps To Apply For  Payday Loan With Loan Express In Canada

Applying for a payday loan with Loan Express in Canada can take as little as 5 minutes to complete. Simply follow these steps:

  • Step 1. Go to the Loan Express website and click “apply now”
  • Step 2. Fill out the application form with the following information: 
    • Personal Information – Provide basic personal details such as your name, birth date, sex, SIN, address, and contact information. 
    • Reference Information – You’ll need to provide a reference ( this can be a friend or family member). 
    • Income Information – You’ll also need to provide details about your income source. 
    • Loan Details – You’ll also need to include the loan amount you’re seeking.   
    • Banking Information – Ceratin bank information will also be required for funding and repayment purposes. 
  • Step 3. Before submitting your Loan Express loan application, you’ll need to review the lender’s privacy policy and terms of service. 
  • Step 4. Once submitted, you’ll receive a response, sometimes in as little as 10 minutes. If approved, you’ll receive your funds within 5 minutes.   

What Types Of Income Does Loan Express Accept? 

Aside from the traditional income you get from employment, Loan Express accepts income from many other sources including Canada Child Benefit (CCB), pension, disability benefits, and any other government benefits. However, these payments must be registered as direct deposits and must be paid periodically to be accepted. 

As a side note, income from employment will only be considered if you have been employed for at least 2 months. Depending on your position, some employment income may only be considered if you have been employed for at least 6 months. 

Can I Get A Payday Loan If I Have Bad Credit? 

Yes, in general, payday lenders don’t check your credit score. They simply need to know your employment stability and income level to grant you a loan. In fact, payday loans are catered to people who have bad credit scores. So, don’t worry about having bad credit when applying for a payday loan. 

Pros Of Loan Express

  • Fast Funding – Once approved, you can get your funds within 5 minutes via e-transfer
  • Easy Application – Loan Express has minimal requirements and the entire application is online and completely paperless. 
  • Apply Anytime – Whether you’re looking for a loan on the weekends or late at night, you can apply for a loan with Loan Express at any time. 
  • Licensed – Loan Express is a reputable lender that is properly licensed in every province it serves. 
ProvinceLicense Number
Albert# 327001
British Columbia# 50028
Manitoba# 39281 (expires 2022-Oct-18)
New Brunswick# 200001546 (expires 2023-Feb-18)
Newfoundland# 20-23-LO073-1
Nova Scotia# 202645507 (expires 2023-Jul-31)
Ontario# 4716499 expires 2023-Jul-15
Saskatchewan# 100056

Cons Of Loan Express

  • High-Cost – Loan Express offers payday loans which are one of the most expensive types of loans. Make sure you understand what you’re total cost will be before you sign any documents.
  • Payday Loan Cycle Of Debt – Payday loans have high-interest rates and extremely short repayment terms, both of which can cause you to miss payments and fall into a cycle of debt.
  • Steady Source Of Income – In order to apply for a Loan express payday loan you must have a steady source of income and be able to prove it. 

What Makes Loan Express Different From Other Payday Lenders? 

Loan Express has a unique feature that makes it excel at providing fast and immediate loans. This feature allows you to request and receive a loan at any point in time immediately. To access this feature you simply need to create an account with them and fill out your information. With your file on hand, you can request money and receive it when you need it.  So when you’re faced with a financial emergency that requires money then and there, Loans Express can help. 

Maximum Cost Of A $100 Payday Loan By Province

ProvinceMax cost per $100 borrowed Max Penalty for Returned ChequeCooling Off PeriodLoan Rollover or Extension
Ontario$15n/a2 business daysNot allowed
British Columbia$15$202 business daysNot allowed
Alberta$15$252 business daysNot allowed
New Brunswick$15$2048 hours (not including Sundays and holidays)Not allowed
Manitoba$17$2048 hours (not including Sundays and holidays)Allowed
Saskatchewan$17$25Next business dayNot allowed
Nova Scotia$19$40 (default penalty)Next business day (or 2 days for online payday lenders)Not allowed
Newfoundland and Labrador$21$202 business daysAllowed
Prince Edward Island$25n/a2 business daysAllowed
Quebec35% AIRn/a10 daysNot allowed

How Much Does It Cost To Get A Payday Loan with Loan Express?

When taking out a loan with Loan Express you must be aware of the costs involved because it can very easily cost more than you can afford. In general, you must ask your lender to clarify the following costs:

  • APR –  Understanding how much interest you’ll have to pay by your due date is essential in knowing if you can afford the loan. Depending on which province you live in, the maximum a lender can charge you for a $100 dollar loan will differ. But in general, it can cost between $15 to $25 for every $100 borrowed with a 2-week term. 
  • Repayment Term – Payday loans have a typical repayment period of 2-weeks to a month. The inability to repay your debt within that period will cost you greatly in fees and interest. 
  • NSF Fees –  If you have doubts about your ability to repay within the repayment period, you should be aware that insufficient funds will lead to NSF fees which you’ll be charged by not only your bank but likely your lender as well. This can you up to $45 with banks and up to $50 by your lender. 
  • Late Payment Fees – In addition to that, your lender may even charge you late payment fees.  

Loan Express Frequently Asked Questions

Can I cancel my Loan Express loan? 

You can cancel a loan with Loan Express by completing, signing, and sending their cancellation form by the end of the next business day your loan was advanced. You must also return the cash accepted by the same deadline as the cancellation form. You can do so by simply returning the amount to the Loan Express Corps bank account by cash, cheque, or money order.  You can also have Loans Express debit the loan amount from your bank account by contacting one of their client representatives. No fees will be charged during this process. 

Is a payday loan the right option for me? 

A payday loan should be your last resort. Payday loans are the most expensive way of borrowing money, with their high APRs and short repayment terms. Unless you are absolutely sure you can repay your entire loan amount by your next payday, you should not take a payday loan. Installment loans are a much better alternative as they provide lower rates and a longer repayment period, making your payments affordable and manageable.

Can I apply for two payday loans if I need more money? 

No, Loan Express does not lend out more than one loan at a time per person. However, if you have a payday loan with another lender, you can still get a loan with Loan Express.

Offered Services

scroll table
Loan Range
Rate & Terms
Product Details
Requirements & Documents

Payday Loan

Interest Rate
Term (Months)
14 days
Funding Time
Within 24 hours
Funding Method
Direct deposit Email money transfer Virtual wallet account
Repayment Options
Automatic debit 
18 years of age or older Active bank account for last 30 days Steady income Paid via direct depositGovernment-issued ID Proof of income

Reviews & Ratings

See what others have to say about Loan Express

LOAN EXPRESS WAS AWESOME. This is now my third time taking a loan with this company What I also like about this company is they allow loans to be spre... read more

- WILLIAM (October 11, 2022)

Amazing, was at breaking point and was accepted. Thank you for giving me a chance when know one else would

- Jen (September 13, 2021)

Very friendly customer service. Easy to get approved. Would recommend to anyone

- Eric Draven (March 1, 2021)

Very good service and customer friendly.

- James (January 14, 2021)

Excellent customer service!!! Fast, friendly, and when you need money now, they get it to you!

- Marty (February 28, 2020)

Suddenly the rules change!! I am on Disability! They fucked me over on food money for the month! Not cool!!!!!!!!!365 dollar loss in one month!!!!Now ... read more

- lmnop (August 12, 2019)


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