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Welcome to epayday FAQ's
What is a payday loan?
A payday loan, or payday advance, is an easy way to get a cash advance until your next paycheck.
How can I qualify?
If you are a Canadian Citizen or Permanent Resident.
If you are receiving regular income for more than $1,000 per month.
If you are 19 years of age or older.
If you have a checking account.
When and how do I repay?
Your payment will be automatically deducted from your bank account in the next payday.
I am a little low on funds, can I get an extension?
If your next payday comes around and you are not as caught up as you had planned, don't worry, you can ask for a loan in the following business day from your payday and receive a new loan for the same amount or bigger!. Or you can pay only the fee deferring your due date till your following payday.
What is the maximum amount that I can borrow?
You can borrow from $100 (first time) up to the 50% of your net income with a maximum of $700. We include other payday loans on the loan limit.
What is the cost of the payday loan?
What if I have a poor credit?
We don't ask for your credit history.
Do I need to fax anything?
No, if you provide fully your online banking information, but otherwise we requiere the last 3 months of banking history and a void cheque.
What is a payday loan?
A payday loan, or payday advance, is an easy way to get a cash advance until your next paycheck.
How can I qualify?
If you are a Canadian Citizen or Permanent Resident.
If you are receiving regular income for more than $1,000 per month.
If you are 19 years of age or older.
If you have a checking account.
When and how do I repay?
Your payment will be automatically deducted from your bank account in the next payday.
I am a little low on funds, can I get an extension?
If your next payday comes around and you are not as caught up as you had planned, don't worry, you can ask for a loan in the following business day from your payday and receive a new loan for the same amount or bigger!. Or you can pay only the fee deferring your due date till your following payday.
What is the maximum amount that I can borrow?
You can borrow from $100 (first time) up to the 50% of your net income with a maximum of $700. We include other payday loans on the loan limit.
What is the cost of the payday loan?
| LOANS | 7 to 20 days | 21 to 30 days |
| From $100 to $ 199 | 30.0% | 40.0% |
| From $200 to $ 399 | 27.5% | 37.5% |
| From $400 to $ 500 | 25.0% | 35.0% |
What if I have a poor credit?
We don't ask for your credit history.
Do I need to fax anything?
No, if you provide fully your online banking information, but otherwise we requiere the last 3 months of banking history and a void cheque.
