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City · Ontario
Payday loans in Toronto fall under Ontario’s Payday Loans Act: at most $14 per $100 borrowed, up to $1,500 or half your net pay, with two business days to cancel. The City of Toronto also licenses payday storefronts. Public Cash Services is not a lender; we help you compare and verify licensed options.
Last reviewed by the Public Cash Services editorial team
Two layers of rules apply. Ontario sets the cost, the borrowing limit and your right to cancel. The City of Toronto then licenses each physical payday loan establishment and has capped the number of locations, so no new storefronts are being added. Online lenders serving Toronto need the provincial licence.
On $400 the maximum fee is $56, so $456 is due on your payday. If that payment would leave you short on rent — a real risk at Toronto prices — the loan is likely to make the following month harder, and one of the alternatives below may fit better.
| Maximum cost of borrowing | $14 per $100 borrowed, all fees included |
|---|---|
| Maximum loan amount | $1,500 |
| Income-based limit | No more than 50% of your net pay. |
| Loan term | Up to 62 days. |
| 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 | Consumer Protection Ontario (Ministry of Public and Business Service Delivery) · 1-800-889-9768 |
| Legislation | Payday Loans Act, 2008 (Ontario) |
Sources: Consumer Protection Ontario (Ministry of Public and Business Service Delivery); 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 Ontario payday-loan rules →
Cash 4 You is an Ontario-only lender with a store network offering payday loans and larger instalment loans.
“Get Started Now” opens our personal-loan request, handled by our lending partner — it is not an application to Cash 4 You.
Cash Money has offered payday loans in Canada since 1992, online and through a store network, alongside a line of credit.
“Get Started Now” opens our personal-loan request, handled by our lending partner — it is not an application to Cash Money.
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.
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.
Toronto-based non-profit credit counselling; free, confidential advice
Visit site for Credit Canada (opens in a new tab) →Provincial help if you are in a crisis and cannot pay for food or housing
Visit site for Ontario emergency assistance (opens in a new tab) →Free referral service for local financial, housing and food supports
Visit site for 211 Toronto (opens in a new tab) →Interest-free help for eligible tenants behind on rent — search “Toronto Rent Bank” on the City’s website
Visit site for Toronto Rent Bank (opens in a new tab) →Up to $1,500, or 50% of your net pay if that is lower.
Yes, for storefronts. The City licenses payday loan establishments and limits how many can operate. Cost and borrower rights are set by Ontario.
Yes, within two business days, by returning the money. No fee applies.
No. We do not lend. We publish information and list licensed lenders.