Oakville has about 214,000 residents (2021 Census) and sits on Lake Ontario between Mississauga and Burlington. Many people who work in its shops, restaurants and offices pay GTA-level rents on modest wages. Oakville residents apply online with Ontario-licensed lenders, and funds arrive by Interac e-Transfer.
Oakville borrowers are covered by Ontario’s payday loan rules: at most $14 per $100, half your net pay, and two business days to cancel.
Oakville-specific things to know
- Ontario rent deposits. A landlord can ask for a last month’s rent deposit and a refundable key deposit, but not a damage deposit. If you’re asked for more, you don’t need a loan to pay it.
- Moving is the wrong shape for a payday loan. Moving costs are large and one-time, and a payday loan is due in about two weeks. A personal loan at 35% APR or less, repaid over months, usually fits better.
Free help in Oakville before you borrow
Ontario Works
Delivered by Halton Region for Oakville, Burlington, Milton and Halton Hills residents.
Electricity bills
Oakville Hydro customers: ask about LEAP emergency help. The OESP credit is open to every Ontario household.
211
Food banks, rent help and other Halton services, by phone, text or 211ontario.ca.
Neighbourhoods we serve in Oakville
- Downtown Oakville
- Bronte
- Glen Abbey
- River Oaks
- Clearview
- College Park
- Falgarwood
- Iroquois Ridge
- Joshua Creek
- West Oak Trails
- Palermo
- Uptown Core
Nearby: Burlington, Milton, Mississauga, Hamilton