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Financial emergencies always seem to happen at the worst times. So, if you’re in dire need of fast cash outside of typical business hours, where can you go?
While payday loans are becoming more scarce in Canada, there are still plenty of lenders in most provinces and territories that accept weekend patrons. These sources can be found at physical store locations, as well as online. In fact, applying for a weekend payday loan online is even easier because e-transfers can be made 24/7.
Every payday lender has different depositing methods, funding times and business hours. For instance, here’s how some of the more popular weekend payday lenders in Canada operate when you request to borrow a payday loan by Interac e-Transfer:
Lender | Funding Time | Opening Hours | |
![]() | As little as 15 minutes | – 24/7 Online – Weekend store times vary by location | More Information |
![]() | As little as 2 minutes | 9 am – 5 pm on weekends & holidays | More Information |
![]() | Immediately | 24/7 Online | More Information |
![]() | As little as 2 minutes | – 24/7 Online – 7 am to midnight on Saturdays & Sundays | More Information |
![]() | As little as 60 minutes | – 24/7 Online – Weekend store times vary by location | More Information |
![]() | As little as 60 minutes | – 24/7 Online – 10 am – 6 pm on Saturdays – Closed on Sundays | More Information |
Weekend payday loan approval requirements vary according to the lender you apply with. For example, GoPay loans are available to applicants in 8 out of 10 provinces, whereas Cash 4 You is only for Ontario residents. Additionally, while all regions require you to be over the majority age to apply, that age is 18 in some areas and 19 in others.
That said, there are a few basic requirements that you’ll need to meet if you want to apply for a weekend payday loan in-store or online in Canada, including but not limited to:
When filling in your application, you may also have to present the following documents:
Although a weekend payday loan can be a viable solution to your financial problems in the worst of times, they do have some risks, so check out this list before you apply:
Whether you apply on the weekend or not, it’s clear that payday loans come with some serious considerations. So, before you take the next step, make sure to think about:
Province | Maximum Cost per $100 | Total To Pay Back | Missed Payment Penalty (assuming a $40 penalty) | Total Cost After Penalty |
British Columbia | $15 | $575 | $615 | $707.25 |
Alberta | $15 | $575 | $615 | $707.25 |
Ontario | $15 | $575 | $615 | $707.25 |
New Brunswick | $15 | $575 | $615 | $707.25 |
Saskatchewan | $17 | $585 | $625 | $731.25 |
Manitoba | $17 | $585 | $625 | $731.25 |
Nova Scotia | $19 | $595 | $635 | $755.65 |
Newfoundland and Labrador | $21 | $605 | $645 | $780.45 |
Prince Edward Island | $25 | $625 | $665 | $831.25 |
If you’re determined to take on a weekend payday loan, it’s really important to prepare yourself so you can pay everything you owe on time and avoid any financial problems. While payday loans can be useful in emergencies, they also have significant risks, so you should only apply for one if you have no other choice and find a trustworthy lender.
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Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
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