GET UP TO $1,500! APPLY NOW!

GET CASH IN AS LITTLE AS 30 MINUTES*

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

Excellent customer service
Excellent customer service
Customer
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Excellent customer service! Easy application and approval. Highly recommend.
Excellent service
Excellent service
Customer
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Excellent service. Pretty easy and quick!!
Fast
Fast
Kris D
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Fast, easy and no nonsense. Best loan experience of mine to date. Thanks for helping out Mr. PAYDAY.
Quick and easy service
Quick and easy service
Customer
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Quick and easy service! Would definitely recommend!
Customer service was quick and awesome…
Customer service was quick and awesome…
Customer
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Customer service was quick and awesome to deal with. There wasn’t the back and forth hassle, and everything was handled in a timely matter. Great job on efficiency, well done all. Thanks
Very accommodating and fast!!
Very accommodating and fast!!
Customer
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Very accommodating and fast!!! and super easy!
The agent I spoke to was patient and…
The agent I spoke to was patient and…
Customer
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The agent I spoke to was patient and made the whole process very easy.
I was impressed how quickly Payday…
I was impressed how quickly Payday…
Customer
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I was impressed how quickly Payday expedited the application and delivered on the loan. Barry Upshaw
I was impressed how quickly Payday…
I was impressed how quickly Payday…
Customer
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I was impressed how quickly Payday expedited the application and delivered on the loan. Barry Upshaw
Excellent service
Excellent service
Customer
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Excellent service. Fast and helpful. Easy to fill application. It was fast and easy
Very fast approval
Very fast approval
Andrew S.
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Very fast approval and very easy to deal with staff.
Easy to deal with super simple proccess
Easy to deal with super simple proccess
Levon James
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Easy to deal with super simple proccess
Super fast and friendly
Super fast and friendly
Cory Thompson
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Super fast and friendly. Exceeded my expectations.
Friendly and fast
Friendly and fast
Customer
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Mr. Payday was there for me when everyone else said no. From their pov I may be considered a risk. I'm grateful they reached out with an offer.
Was easy to fill in the application and…
Was easy to fill in the application and…
Marg
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Was easy to fill in the application and was quick to receive the funds.
Happy Customer!
Happy Customer!
Mark
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Been dealing with Mr. Payday for a couple years now. Always friendly service, quick, and well worth my time!
Easy
Easy
Customer
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Easy, fast and user friendly application process. Thank you Mr. Payday
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Why Get A Loan From Mr. Payday?

Trusted Lender

Mr. Payday has been in business since 2002

Same Day Funding

Do not wait. Get money the same day you get approved for a loan

Superb Service

We are here to help. Give us a call or send us an email

No Faxing Required

We use instant online validation. No faxing or emailing required

High Approval Rate

We have personalized approach to every loan application

Easy Application

Our online application only takes 5 minutes to complete

Cheap Bad Credit Loans

Considerations For Cheap Bad Credit Loans

Bad credit loans can be quite expensive if you do not make it a point to go for the least expensive of them. With the condition of your credit record, most lenders know that they are risking giving you the cash and will more often than not make it costly. However, this does not mean that you will not have many other lenders offering good bad credit loan deals. But such lenders will not be identified if you do not do enough comparisons of the available lenders. Through comparing you will definitely spot cheap bad credit loans that will free you of the urgent financial need you have and also make it easier to pay back.

The main benefit of cheap bad credit loans is the fact they usually have very low interest rates meaning that the principal amount you will need to pay for the loan will only be reasonably higher than the initial amount borrowed. A low interest amount will first and foremost guarantee that you will be paying much lesser monthly amounts. The lesser the monthly payments you are required to honor the more convenient the arrangement will be as you will not only be able to rebuild a good credit history by meeting your payments but you will also be able to meet your other financial obligations stress free.

Interest Rates Offered By Cheap Bad Credit Loans Companies

Picture of Cheap Bad Credit Loans - No Faxing Required!A reasonable interest range reduces the period within which you will be required to pay the loan. This is normally the best thing about cheap bad credit loans because it is a high interest that often makes the amount to be paid too high to get over with in a short period. As a result, it is advisable that when you go to any bad credit loan company, demand to know up front interest details of the loan you intend to take with them. Basing on the interest, consider the monthly payments that will be expected from you and be quick to make it clear the payment range you will be comfortable with.

Often unsecured loans are more expensive than secured ones because of the increased loss risk that lenders are vulnerable to when it comes to unsecured loans. This is why in many occasions, if you want to really land on cheap bad credit loans; you’d better look into the direction of secured bad credit loans. Most lenders will be willing to make the loan less costly when you have secured it with your car or home. However, the only major disadvantage of such an arrangement is if your paying plan backfires, you will be in for a bigger problem. A lot of planning and assessment should be done.

To some extent, the amount one applies for in bad credit loans also plays a part in determining how cheap the loan will be. Most if not all cheap bad credit loans are always of smaller amounts. Many lenders will shy away from deals which they are expected to give a large amount of money to a person with bad credit rating due to the common fear of losing all the money altogether. One has to be therefore a little bit cautious when deciding on the loan amount you would like from a bad credit loan company and if necessary reduce this amount if you realize most bad credit loan companies you approach are not comfortable giving you all that cash.

In a few instances, your credit scores might be so bad that no lender is willing to give you cheap bad credit loans. Though rare, if you find yourself in such a circumstance, the best thing here should be coming up with ways in which you can build your credit history to a much better situation so that you can be considered for bad credit loans among other funding one can apply for with bad credit rating.