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City · Alberta
Payday loans in Edmonton follow Alberta’s rules. A licensed lender can charge at most $14 for every $100 borrowed, lend up to $1,500, and must let you repay in instalments over 42 to 62 days. Public Cash Services is not a lender — we help you compare licensed options and check a licence first.
Last reviewed by the Public Cash Services editorial team
Edmonton has no payday-loan rules of its own; the province sets them. That means the instalment rule applies whether you walk into a storefront on 118 Avenue or apply from your phone in Mill Woods. Borrow $500 and the most you can be charged is $70, repaid across at least three paydays if you are paid every two weeks.
Storefront lenders cluster along the main commercial strips — 118 Avenue, Stony Plain Road, 97 Street and Whyte Avenue — and most national online lenders serve Edmonton postal codes. Online lenders need the same Alberta licence as a storefront. Shift workers and trades with irregular pay should look closely at how a lender schedules instalments around actual pay dates.
| Maximum cost of borrowing | $14 per $100 borrowed, all fees included |
|---|---|
| Maximum loan amount | $1,500 |
| Income-based limit | No fixed percentage of pay in the regulation; the lender must still assess what you can repay. |
| Loan term | 42 to 62 days, repaid in instalments rather than one lump sum. |
| Right to cancel | 2 business days |
| Rollovers | Not allowed. A lender cannot extend or renew a payday loan for an extra fee, or issue a new loan to pay off the old one. |
| Dishonoured payment | A one-time fee (commonly up to $20) if a cheque or pre-authorized debit is dishonoured. |
| Licence required | Yes — storefront and online lenders |
| Regulator | Service Alberta and Red Tape Reduction · 1-877-427-4088 |
| Legislation | Consumer Protection Act and Payday Loans Regulation (Alberta) |
Sources: Service Alberta and Red Tape Reduction; Financial Consumer Agency of Canada; Criminal Interest Rate Regulations. Last reviewed November 14, 2026.
Check a lender’s licence with the regulator (opens in a new tab)
Full Alberta payday-loan rules →
Cashco Financial is an Edmonton-based lender with branches across western Canada, offering payday loans and a longer-term Flex Loan.
“Get Started Now” opens our personal-loan request, handled by our lending partner — it is not an application to Cashco Financial.
easyfinancial, part of goeasy, offers instalment loans from $500 to $20,000 unsecured through about 400 branches and online in every province.
“Get Started Now” opens our personal-loan request, handled by our lending partner — it is not an application to easyfinancial.
Fairstone is a national instalment lender with more than 250 branches, offering unsecured loans up to $25,000 and larger secured loans for homeowners.
“Get Started Now” opens our personal-loan request, handled by our lending partner — it is not an application to Fairstone.
Fig is an online personal-loan lender for borrowers with good credit, offering $2,000 to $35,000 at rates from 8.99% APR.
“Get Started Now” opens our personal-loan request, handled by our lending partner — it is not an application to Fig.
Focus Cash Loans (Focus Financial) offers online payday loans in Alberta, British Columbia and Ontario.
“Get Started Now” opens our personal-loan request, handled by our lending partner — it is not an application to Focus Cash Loans.
GoDay is a Toronto-based online payday lender licensed in eight provinces, from British Columbia to Prince Edward Island.
“Get Started Now” opens our personal-loan request, handled by our lending partner — it is not an application to GoDay.
The map is provided by Google and loads only when you ask for it. A pin on the map is not proof of a licence.
Alberta’s non-profit credit counselling service; free consultations and debt repayment plans
Visit site for Money Mentors (opens in a new tab) →Provincial help for urgent needs such as food, shelter or utilities
Visit site for Alberta Supports — emergency financial assistance (opens in a new tab) →Free 24-hour referral line to local financial, housing and food supports
Visit site for 211 Alberta (opens in a new tab) →Edmonton non-profit offering financial empowerment and free tax-filing help
Visit site for e4c (opens in a new tab) →Up to $42. Alberta’s maximum is $14 for every $100 borrowed, with all fees included.
Yes. Alberta lets you pay early without a penalty, though the fee itself is usually not reduced.
Yes, when the lender holds an Alberta payday loan business licence. Check the licence before applying.
No. We are an information and comparison website and do not lend or approve loans.