Toronto is home to about 2.8 million people (2021 Census), and for many of them rent takes the largest share of every paycheque. When a dental bill or a TTC pass renewal lands two days before payday, a small loan can bridge the gap. Toronto residents apply online with Ontario-licensed lenders, and funds arrive by Interac e-Transfer.
Toronto borrowers are covered by Ontario’s payday loan rules: at most $14 per $100, half your net pay, and two business days to cancel.
Toronto-specific things to know
- Many paydays, many dates. Toronto has a large share of hourly, gig and shift workers whose pay dates move. Make sure the loan due date matches the day your pay actually lands.
- Rent comes first. If repaying the loan would put your rent at risk, call your landlord before you borrow. A late-rent plan is usually cheaper than a payday loan.
Free help in Toronto before you borrow
Ontario Works
Delivered by the City of Toronto through Toronto Employment & Social Services, including emergency assistance for people in a crisis.
Electricity bills
Toronto Hydro customers can apply for LEAP emergency help, and anyone in Ontario can apply for the Ontario Electricity Support Program (OESP) monthly credit.
211
Food banks, rent help and other Toronto services, by phone, text or 211ontario.ca.
Neighbourhoods we serve in Toronto
- Downtown
- Scarborough
- North York
- Etobicoke
- East York
- York
- Willowdale
- Rexdale
- Leslieville
- The Junction
- Liberty Village
- Agincourt
Nearby: Mississauga, Markham, Vaughan, Brampton