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🇨🇦 Ontario Regulated · $14 per $100 · Same Day Funding

Payday Loans
$300 – $1,500

Get approved in minutes. Funds via Interac e-Transfer same day. Ontario regulated, transparent fees — no hidden charges ever.

Apply in 3 Minutes → See Rate Matrix ↓
No credit check required
Ontario Payday Loans Act compliant
Funds in as little as 15 minutes
Max $14 per $100 borrowed
$300–$1,500
Loan Range
$14/$100
Max Fee (Ontario)
62 days
Max Term
15 min
Avg. Approval
24/7
Apply Online
Lending Rate Matrix

Full Payday Loan Rate Table

Ontario regulated: maximum $14 per $100 borrowed. All fees shown below. You always know exactly what you owe before you sign.

Loan Amount 7 Days 14 Days 21 Days 30 Days 45 Days 62 Days
Fee charged (fixed at $14/$100)
Net amount you receive
Total repayment due on payday
⚠️ Ontario Payday Loans Act Disclosure: The maximum cost of borrowing under the Payday Loans Act, 2008 is $14 per $100 borrowed. On a $500 loan for 14 days, the cost of borrowing is $70.00, the annual percentage rate (APR) is 365%. If you cannot repay your loan on time, contact us immediately. Payday loans are high-cost borrowing. Consider all alternatives. A payday loan is not appropriate for long-term financial needs.
Borrower Grades

How we grade your application

Our risk-based system assigns your application a grade based on income, employment, and banking history. Your grade determines your loan limit — not your fee rate.

A
Prime Borrower
Steady employment, verified income, clean banking history, prior repayment record.
Up to $1,500
Maximum loan amount
  • ✅ Employed 3+ months
  • ✅ Income $2,000+/month
  • ✅ No NSF in 90 days
  • ✅ Prior LendX loan repaid
B
Standard Borrower
Regular income source, acceptable banking activity, first-time or limited history.
Up to $1,000
Maximum loan amount
  • ✅ Any income source
  • ✅ Income $1,200+/month
  • ⚠️ 1–2 NSF permitted
  • ✅ First-time welcome
C
Introductory Borrower
New applicant or limited income verification. Starter loan to build relationship.
Up to $500
Maximum loan amount
  • ✅ ODSP / OW / EI accepted
  • ✅ Income $800+/month
  • ⚠️ Higher NSF acceptable
  • ✅ No prior LendX needed

LendX vs. Other Payday Lenders

Feature LendX Cash Money Money Mart iCash
Cost per $100$14.00$14.00$14.00$14.00
Max loan (Ontario)$1,500$1,500$1,500$1,500
Same-day Interac✅ Yes✅ Yes✅ Yes✅ Yes
24/7 online apply✅ Yes❌ No✅ Yes✅ Yes
No credit check✅ Yes❌ No❌ No✅ Yes
P2P investor-funded✅ Unique❌ No❌ No❌ No
Legal collections support✅ NEO Legal❌ No❌ No❌ No
Live Calculator

Calculate your exact cost

Payday Loan Cost Calculator
Ontario regulated · $14 per $100 · No hidden fees
Loan Amount$500.00
LendX Fee ($14 per $100)$70.00
LendX Revenue (origination 3%)$15.00
Investor Yield (funded via P2P)$55.00
Repay on Payday$570.00
APR (14 days)365%
Apply for $500 — Get Approved in Minutes →
Process

How it works

Apply online in 3 minutes. No branch visit. Funds via Interac e-Transfer — usually within 15 minutes of approval.

1
Apply online (3 min)
Fill out the short application form below. Tell us your income, employment, and the amount you need. No credit check — just income verification.
2
Instant decision
Our system reviews your application and provides an instant or near-instant decision. Most applicants are approved within 5–15 minutes during business hours.
3
Review & e-sign
Review your loan agreement with all fees clearly disclosed as required under the Ontario Payday Loans Act. Sign electronically. No surprises.
4
Funds deposited
Receive your loan via Interac e-Transfer to your email or phone number. Funds typically arrive within 15 minutes. Repay on your next payday via EFT.
Regulatory Disclosure

Ontario Payday Loans Act — Required Disclosures

As required under the Payday Loans Act, 2008 (Ontario), LendX Financial Inc. discloses the following information for all payday loans.

Disclosure ItemDetails
Maximum cost of borrowing$14.00 per $100 borrowed — the regulated maximum in Ontario
Default chargesOne NSF fee of $20.00 if your repayment EFT is returned. No ongoing interest accrual on defaulted payday loans.
Rollover / extensionUnder Ontario law, you may NOT roll over a payday loan. A new loan can only be issued after the prior loan is repaid in full.
Cancellation rightsYou may cancel this loan agreement within 2 business days of signing by returning the full principal amount to LendX Financial.
Repayment methodPre-authorized debit (EFT) from your bank account on your next scheduled payday — or the agreed repayment date.
Governing lawProvince of Ontario, Canada. Payday Loans Act, 2008, S.O. 2008, c. 9.
LendX licencePayday lending licence application pending with the Ontario Ministry of Public and Business Service Delivery (MPBSD).
ComplaintsOntario Consumer Protection Branch: 1-800-889-9768 or consumerprotection.go.gov.on.ca
Apply Now

Get your payday loan today

Takes 3 minutes · No credit check · Same-day Interac e-Transfer

Payday Loan Application

Ontario applicants only. All information is kept strictly confidential under PIPEDA.

Loan Amount—
Total Fee ($14 per $100)—
You Repay on Payday—
⚠️ Borrower Rights (Ontario Payday Loans Act, 2008): You have the right to cancel this loan within 2 business days of receiving the funds at no cost. The maximum fee is $14 per $100 borrowed. You cannot be charged interest on a defaulted payday loan. For financial counselling: Ontario 211 · 1-800-267-8097

Your information is encrypted and protected under PIPEDA. Approval is not guaranteed and subject to income and identity verification. LendX Financial Inc. may contact you by phone or email to complete your application.

Real People, Real Stories

Canadians choosing LendX Financial.

Happy Canadians using LendX
Your financial goals, our priority.
Happy Canadians using LendX
Stress-free lending for Canadians.
Happy Canadians using LendX
Making borrowing simple and accessible.