Loan Express review

Key facts about Loan Express

Loan type

Payday loan

Cost per $100 borrowed

$14

Repay on a $500 loan

$570

Rate / cost disclosure

$14 per $100 borrowed; about 365% as an annual rate on a 14-day loan

Maximum loan amount

$1,500

Typical loan term

Up to 62 days

Funding speed (lender’s statement)

e-Transfer or bank transfer shortly after approval (reported)

Credit-check policy

Reported as no credit check

How to apply

Online

Service type

Online

Provinces served

Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Saskatchewan

Head office / service area

Online lender

Is Loan Express licensed?

We have not yet confirmed a licence number for this lender. Check your provincial registry before applying.

Registries change daily. Confirm the licence yourself before you borrow.

Who is Loan Express?

Loan Express has lent online since the mid-2000s and takes applications at any hour. It covers eight provinces — every regulated province except PEI — which makes it one of the few online choices for people in Newfoundland and Labrador and New Brunswick.

Who is Loan Express suited to?

Chosen mostly for reach. We could not confirm current licence numbers from public sources when this profile was written, so look the company up on your provincial registry before applying.

Can you cancel?

Provincial law gives you a short cooling-off period to cancel a payday loan at no cost — two business days in Ontario, British Columbia and Alberta.

What if a payment fails?

A returned payment can trigger a one-time lender fee, and your bank may add its own NSF charge. Check the agreement for the exact amounts.