London has about 422,000 residents (2021 Census). Health care and post-secondary education are major employers, and the city has a large student population. London residents can apply online with Ontario-licensed lenders, with funds sent by e-Transfer.
A London exampleJess works part-time while studying and takes home $900 every two weeks. Her laptop dies before exams. Ontario’s rule caps her at $450. Before borrowing, she checks her school’s emergency bursary, which is free. If that isn’t available in time, a $300 loan costs at most $42.
London borrowers are covered by Ontario’s payday loan rules: at most $14 per $100, half your net pay, and two business days to cancel.
London-specific things to know
- Students: check bursaries first. Colleges and universities often have emergency grants or interest-free loans that can be faster than you think.
- Part-time pay is lower. Your limit is half your net pay, so a part-time income means a smaller loan. Borrow only what fills the gap.
Free help in London before you borrow
Ontario Works
Delivered by the City of London.
Electricity bills
London Hydro customers: ask about LEAP emergency help. The OESP credit is open to every Ontario household.
211
Food banks, rent help and other London services, by phone, text or 211ontario.ca.
Neighbourhoods we serve in London
- Downtown London
- Byron
- Masonville
- Westmount
- Old East Village
- Lambeth
- Argyle
- Old South
- Hyde Park
- Oakridge
- White Oaks
- Stoneybrook