Frequently Asked Questions

PaydayKing is Canada's leading online payday lender.

Before I apply for a Loan

How long does the application take?

Applying online for a payday loan or cash advance with Payday King is fast and easy!! It takes less than five minutes from start to finish!

How much can I borrow?

You can borrow from $100 up to $1,000 depending on your personal circumstances. Typically speaking, first time clients will only be approved to a maximum of $150. Once you have developed a positive track record with us, the amounts you will be able to borrow on subsequent loans will increase. If you are approved before 2:00 PM EST, Monday through Friday, your loan funds will be electronically deposited into your account before 6:00 PM EST. On weekends and for repeat customers we will, at our discretion, send Email Money Transfers or EMTs. EMTs are typically received by a client within 20 minutes of our sending them.

Can I get a Payday Loan?

If you are over 18 years of age, are employed full time, and have direct deposit of your pay, you are likely a good candidate for qualification.

Please note we do not provide Loans to residents of Alberta, Manitoba, Saskatchewan

How much does it cost?

Payday King provides short term loans only. Loans you receive from us should NOT be considered as a long term solution for financial difficulties which may require professional credit counseling.

The Annual Percentage Rate (APR) on a 14 day loan is 546%.

What information do you need?

Our simple online form only requires the following information:

  • Your name and address
  • Your date of birth
  • Your contact telephone numbers and email
  • Your work and pay details
  • Your bank account details
Why do you need all this information?

We are a responsible loan provider and this means that we need to verify:

  • That it is you taking out the loan
  • That you are employed full time and are / will be able to repay your loan
  • That we electronically deposit the loan funds to your account and no-one else’s account
  • That you can realistically repay your loan
Do you conduct credit checks?

No, we do not currently credit score your application. It means you get our loan decision (and your loan funds) faster!

I have a so-so credit history - will this affect my loan application?

Not necessarily. We look at each application based on your recent circumstances and transactions.

I don't get paid by direct deposit. Can I still get approved for a loan?

In a word, no. We require that you be paid by direct deposit. This ensures the timeliness of your pay and standardizes the procedure by which we get repaid.

Getting a Payday Loan

Paying back my payday loan

Customer Services

Complaints Procedure

Apply Now!