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When you are in need of quick cash, Mr. Payday Has got you covered! We have been helping Canadians with their short term loan needs since 2002.

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How Our Loan Process Works


Apply Online

Applying for a loan with Mr. Payday is easy and fast. Fill out our simple and secure application form.


Get Approved

It usually takes about 30 minutes to get approved for a payday loan during our business hours.


Instant Funding

Once your loan application is approved, you will receive an e-mail money transfer withing 30 minutes.

What Our Customers Have To Say

Basic Requirements To Be Fulfilled Before Getting Approval For Toronto Bad Credit Loans

Picture of employee that got Toronto Bad Credit LoansImagine a time when you have an emergence case that needs instant cash but when you look around you have no means of raising that cash. You can also think of a situation where you have exhausted your cash flow and the paycheck is still a few weeks away. Well this are always trying moments that would need one to look for ways of dealing with them. As usual, most people would run to their commercial banks to seek or get loans to help them out. For one to get a loan, he should be riding on a positive credit history. Those who are thriving on a negative history always find it hard to get loaned. Some of the people facing a negative credit score feel frustrated and scared and they will not even make a step forward to apply for any type of loan. This is should not be the case anymore; you should understand that there are very many money lending companies out their in major Canadian cities that are willing to offer you the short term loan despite your credit history. One therefore wonders what he ought to do in order to get a chance to apply and be approved for this type of loan. If you are residing in Toronto, you can be able to access this type of loan quite easily. The first thing you will need to do get toronto bad credit loans is to ensure that you identify a good money lending company.

Toronto Bad Credit Loans Video

To get a good money lending company in this region, you will need to take time and utilize the internet. There are very money lending companies that have advertised their services on the internet. If you do the right search, you will come across very many money lending companies that can offer you this service. You will only need to use some criteria in order to land on a good money lending company. Once you have identified the reliable toronto bad credit loans company, the next thing would be to check on the terms and conditions to see if you merit.


In looking at the basic requirements asked by different money lending companies in Canada, you will realize that they are ask for some common features. For instance, if you are looking for an instant loan, you will discover that most loaning companies will be asking you to show proof that you are employed. You will need to proof that you have been employed for the last three months. In doing this, the loaning companies will ascertain that they are giving a loan to an authentic person who has the capability of paying back as per the loan agreement.


Another very important piece of information that one needs to provide when seeking toronto bad credit loans is the banking details information. It is a basic requirement that anyone seeking for this type of loan to give his banking information. The applicant ought to have an active bank account that has been in use for the last three months. By giving the banking information the money lenders will find it necessary to approve the loan.


Minor Requirements For Toronto Bad Credit Loans

Loan amount; anyone applying for this type of loan should be earning at least 1500 dollars monthly. This is a standard rate that ought to be met by any applicant making the application for the short term loan.

Security for the loan; where necessary, some applicants would be asked to provide for a security or collateral for the loan to be awarded. Applicants need to adhere to this in case they really need the loan to be approved as soon as possible.