Flexible Repayment Terms
The minimum repayment term for any borrowed amount is 90 days, with a maximum of 210 days. The term can be extended, and clients can repay at any time, potentially benefiting from fee discounts.
Need cash fast? Payday Hero offers an online application for short-term personal loans. Apply today and get a decision in minutes.
Funds are sent by Interac e-transfer once approved. Your exact APR, total cost of credit, and repayment schedule are disclosed in your loan agreement before you sign.
Select your required amount. Amounts approved are between $100 and $1500 each.
Your personal information will be verified as soon as it’s submitted. If your application is not approved, rest assured that all your data will be securely erased from our systems permanently.
Our goal is to respond to you within 24 hours on weekdays and within 48 hours on weekends.
FAST MONEY
Quick Loans - Simple Payments
Flexible & Easy Terms
Choose between 3, 6, or 12 installment loans, apply for a payday loan now!
Discover the benefits of fast, secure, and easy loans with flexible repayment options.
Loans up to $1,500 are available to help you with your financial needs.
Benefit from receiving your loan disbursement by Interac E-Transfer.
Full day coverage, 24/7, for all your needs. We're here to help you with any questions you may have.
With thousands of applicants across Canada, we've learned how to make the process as easy as possible.
Depending on your financial situation, you can repay your loan in 1-10 installments.
Download our website app to get started. Save the site to your home screen for easy access.
Understand Your Payday Loan: Terms, Rates, and Repayment
The minimum repayment term for any borrowed amount is 90 days, with a maximum of 210 days. The term can be extended, and clients can repay at any time, potentially benefiting from fee discounts.
Your exact APR, all mandatory fees, and total cost of credit are itemized in your loan agreement before you sign, as required by federal and provincial cost-of-borrowing rules.
Repayment schedules vary by loan amount and term. See our Loan Options for representative payment schedules. Your exact APR, total cost of credit, and itemized fees are disclosed in your loan agreement before you sign.
Borrow $300 to $1,500 and get funded by Interac e-Transfer once approved.
If you live in Ontario and need short-term funds, a payday loan can bridge an unexpected expense between paycheques. Payday Hero accepts online applications from Ontario residents and, once approved, delivers funds by Interac e-Transfer to your Canadian bank account.
Our application takes about five minutes on a phone or laptop. You'll need basic personal details, your pay frequency, and a Canadian bank account that accepts Interac e-Transfer. Most major Ontario banks — TD, RBC, Scotiabank, BMO, CIBC, Tangerine, and Simplii — are supported.
Ontario borrowers can apply 24/7. Funds can land in your account within minutes of approval during business hours, with off-hours applications typically funded the next morning.
Payday lending in Ontario is regulated by the Financial Services Regulatory Authority of Ontario (FSRA) under the Payday Loans Act, 2008. Two consumer-protection rules every Ontario borrower should know:
These rules apply to every Ontario lender — including online lenders that fund Ontario residents. Your full loan terms, total cost of borrowing, and repayment schedule are itemized in your loan agreement before you sign, in line with both Ontario law and the federal Cost of Borrowing Regulations.
To apply, you should be:
We assess applications based on your current ability to repay rather than your credit score alone. A weak credit history doesn't automatically disqualify you — what matters most is whether the loan fits your budget today.
Payday Hero offers loans between $300 and $1,500 to qualified Ontario borrowers. The exact amount we approve depends on your income, your existing financial commitments, and your repayment capacity.
First-time borrowers usually qualify for a smaller amount; on-time repayment can unlock higher amounts on future applications.
A payday loan is short-term funding for a specific, time-bound expense — not a long-term solution to ongoing budget gaps. Before you apply, the FSRA recommends asking yourself:
If you're struggling with debt, free credit counselling is available across Ontario through non-profit organizations such as Credit Counselling Canada and Credit Counselling Society.
Most approved Ontario applications are funded by Interac e-Transfer within minutes during business hours. Outside business hours, funds are typically delivered the next business morning.
Ontario regulation caps payday loan fees at $15 per $100 borrowed. Your exact fee, total cost of credit, and repayment schedule are disclosed in your loan agreement before you sign — no hidden fees.
Yes. Ontario law gives you the right to cancel a payday loan agreement within two business days of signing, with no penalty and no cancellation fee. Contact us within that window if you change your mind.
We focus on your current ability to repay, not just your credit score. Many Ontario residents with weak credit history qualify based on their income and banking activity.
Payday Hero operates in line with Ontario's Payday Loans Act, 2008 and FSRA regulations. For licensing details and to confirm a lender's authorization in Ontario, visit fsrao.ca.
Yes — we accept applications from Ontario residents anywhere in the province, including the GTA (Toronto, Mississauga, Brampton, Hamilton), Ottawa, London, Kitchener-Waterloo, Windsor, and smaller communities.
Testimonials
I just wanted to say that I'm very happy with borrowing from Payday Hero. They're easy to work with and are flexible with their payment terms.
An online loan is a fast, hassle-free option designed for Canadians to access funds directly through the internet. The entire process—from application to approval—takes place online, making it a simple way to secure funds.
It's simple! Complete a quick application form online, receive a decision in minutes, and once approved, the funds are deposited straight into your bank account. Typically, you can have the money in less than an hour.
Our online loans offer more flexibility and better terms compared to payday loans. Instead of high fees and short repayment periods, we provide longer, more manageable repayment options tailored to your needs.
Eligibility is based primarily on your income, bank history, and age (you must be at least 18 years old). A soft or hard credit check may be performed as part of underwriting; it will be disclosed before you sign.
Your exact APR, all mandatory fees, and total cost of credit are itemized in your loan agreement before you sign. We disclose this in accordance with the federal Cost of Borrowing (Banks) Regulations and applicable provincial consumer credit law.
If you use online banking, no extra documents are needed. Otherwise, you’ll need to submit a pay stub, void cheque, recent bank statements, and a government-issued ID.
No, we are completely transparent about all fees. You'll know all the costs upfront, including any interest and brokerage fees, before you agree to anything.
Yes! You can repay the loan early without any penalties. In fact, we offer fee discounts for early repayment to help lower the total cost of borrowing.
Once your loan is approved, the funds are deposited directly into your bank account, often within an hour. We aim to offer a fast, convenient solution for your financial needs.
Applying is simple. Just fill out the application form on our website, and we'll guide you through the process from start to finish.
Payday loans in Ontario are regulated by the Financial Services Regulatory Authority of Ontario (FSRA) under the Payday Loans Act, 2008. Maximum cost of borrowing is set at $15 per $100 borrowed. Your exact APR, all fees, and total cost of credit are itemized in your loan agreement before you sign, in accordance with Ontario law and the federal Cost of Borrowing Regulations.
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