Getting a Payday Loan by e-Transfer in Ontario
Need cash before payday? Here’s how it works with Loansville: an online application, a quick bank check, and an Interac e-Transfer straight to your account. No branch visit, and no paperwork to print.
Key facts
- Apply online 24/7. Most applications get an automated decision, 24/7. Manual review can take longer.
- Approved funds are sent by Interac e-Transfer within 1 hour of approval.*
- Loans $100 to $1,500; first-time borrowers up to $500.
- Cost: $14 per $100. $500 for 14 days = $70 (365% APR), $570 total.
- Income: $2,500+/month from employment or a workplace/private pension. Approval isn’t guaranteed.
How it works, step by step
- Apply online. Fill out the short application at loansville.ca/apply. It takes a few minutes.
- Verify your banking. You’ll securely connect your bank through instant bank verification (IBV). This lets us confirm your income and deposits without asking you for stacks of documents.
- Get a decision. Most applications get an automated decision, 24/7. Some go to manual review, which can take longer.
- Sign your agreement. If you’re approved, you’ll get your loan agreement to review and e-sign online. Read it carefully, since it shows your exact cost and due date.
- Get your e-Transfer. Funds are sent by Interac e-Transfer within 1 hour of approval.*
That’s it. Five steps, all from your phone.
Who can apply?
To apply, you’ll need:
- To be an Ontario resident and an adult
- Steady income of at least $2,500/month from employment or a workplace/private pension
- An active Canadian bank account you can verify online
- A valid email address and phone number
Heads up: CPP or OAS on their own, EI, and ODSP don’t count as qualifying income.
We don’t do a traditional credit check. Approval isn’t guaranteed: every application is reviewed, and meeting the requirements doesn’t mean you’ll be approved.
How much can I borrow?
Loans range from $100 to $1,500. First-time borrowers can get up to $500. Returning clients can qualify for up to 50% of net pay, to a maximum of $1,500.
What does it cost?
Ontario caps payday loan costs, and we charge $14 per $100 borrowed.
| Borrow | Cost of borrowing | Term | APR | Total to repay |
|---|---|---|---|---|
| $500 | $70 | 14 days | 365% | $570 |
Payday loans are an expensive way to borrow, so only borrow what you need and can repay on your due date. If a payment is dishonoured (NSF), there’s a $20 fee, charged once per agreement.
How do I repay?
You can repay either way:
- Pre-authorized debit (PAD) on your due date, or
- Interac e-Transfer to [email protected]
Ontario doesn’t allow payday loan rollovers, so plan to repay in full on your due date. If you think you’ll have trouble paying, email us before the due date. See your rights in Ontario.
Borrowed with us before?
Welcome back. Returning clients can apply faster at loansville.ca/payday-re-loan. New here? Start at loansville.ca/apply.
Quick answers
How fast will I get my payday loan by e-Transfer?
Funds are sent by Interac e-Transfer within 1 hour of approval. Most applications get an automated decision 24/7. Manual reviews can take longer.
Do I need to accept the Interac e-Transfer?
Depending on your bank, it may deposit automatically or you may need to accept it. Watch your email for the Interac notice.
Does Loansville do a credit check?
We don’t do a traditional credit check. We look at your banking and income instead. Approval isn’t guaranteed.
What is the minimum income to apply?
$2,500/month from employment or a workplace/private pension. CPP or OAS on their own, EI, and ODSP don’t qualify.
How much does a $500 payday loan cost in Ontario?
$70 for 14 days ($14 per $100), which is 365% APR. You’d repay $570 in total.
Can I extend or roll over my payday loan in Ontario?
No. Ontario doesn’t allow rollovers. If you’re worried about repaying, email us before your due date.
How do I repay my loan?
By pre-authorized debit (PAD) on your due date, or by Interac e-Transfer to [email protected].
How do I contact Loansville?
Email us anytime, we respond 24/7: [email protected]
Ready when you are
Apply in minutes at loansville.ca. Questions? Email us anytime, we respond 24/7: [email protected].
*Funds are sent within 1 hour of approval. Manual review can take longer, and when funds arrive depends on your bank. Approval isn’t guaranteed. Example: $500 borrowed for 14 days costs $70 ($14 per $100), which is 365% APR and $570 total. Dishonoured payment (NSF) fee: $20, once per agreement. Loansville Inc. is a licensed payday lender in Ontario, licence #4741249.
Ontario’s payday loan rules (licensing, $14 per $100 cap, no rollovers): Government of Ontario, Payday loan: your rights.