Payday loans in Hamilton
Licensed online payday loans for Hamilton, Stoney Creek, Ancaster and Dundas. No storefront to visit, and funds by e-Transfer if you're approved.
Maximum Allowable Cost per $100 Borrowed: $14.00
Our cost per $100 borrowed: $14.00
Example: Your $500 loan for 14 days
Amount Advanced $500.00 · Total Cost of Borrowing $70.00 (365% APR) · Total You Repay $570.00
This poster is required under the Payday Loans Act, 2008
Loansville Inc. · Lender · Ontario payday lender licence #4741249 · Licence expires March 16, 2027 · Address on licence: 157 Bridge Street, Unit B, Carleton Place, ON K7C 2V6
Key facts for Hamilton borrowers
- Serving Hamilton, including Stoney Creek, Ancaster, Dundas, Waterdown and the Mountain, online. No store visit needed.
- Loan amounts: $100 to $1,500 (first-time borrowers up to $500).
- Cost: $14 per $100. Example: $500 for 14 days costs $70 (365% APR), $570 total.
- Funds by Interac e-Transfer, usually within 1 hour of approval.
- Apply 24/7. Most applications get an automated decision.
- Cancel within 2 business days without penalty. No rollovers.
Between jobs or on EI?
Hamilton's economy runs on manufacturing, hospitals, universities and colleges, and a growing number of commuters who work elsewhere in the GTA. Work can be steady for years and then change quickly with a layoff or a reduced shift schedule.
Be aware that benefit income on its own isn't accepted, so if EI or another benefit is your only income right now, you won't qualify. You need at least $2,500 a month in income. If you're between jobs, the free resources on our money help page may be a better first step.
Getting your e-Transfer in Hamilton
e-Transfers work with every major bank in Hamilton. If you're with a local credit union such as FirstOntario, make sure your online banking login works and Interac e-Transfer is turned on, because both are needed to verify your income and receive funds.
When funds are sent, you get an Interac e-Transfer notification by email or text. If you have Autodeposit turned on, the money goes straight into your account. If not, you accept it in your banking app.
Living costs in Hamilton and when a payday loan makes sense
Hamilton used to be known as the affordable alternative to Toronto, but rents and home prices have risen as more people moved in. If rent is the pressure point, a short-term loan can cover a gap, but it won't fix a budget that doesn't balance month to month.
How to apply from Hamilton
- Apply online on our application page, any time of day.
- Verify your bank account by signing in to your online banking. In most cases, no paystubs are needed.
- Get a decision. Most applications get an automated decision. Some need a manual review, which can take longer.
- Get your money by Interac e-Transfer, usually within 1 hour of approval.
Who can apply
- You live in Ontario and are 18 or older, with valid photo ID.
- You have at least $2,500 a month in income, paid by direct deposit. Benefit income as your only income isn't accepted.
- You can sign in to your online banking so we can verify your bank account. KOHO accounts aren't accepted.
Meeting these requirements doesn't guarantee approval.
What it costs
Loansville charges $14 per $100 borrowed, the maximum allowed in Ontario. A $500 loan for 14 days costs $70, which is a 365% APR, so you repay $570. If a payment is returned unpaid, a $20 NSF fee applies. See what a payday loan costs in Ontario for the full breakdown.
Hamilton payday loan questions
Can I get a payday loan if I'm only on EI?
No. Benefit income as your only source of income isn't accepted. You need at least $2,500 a month in income.
Do you serve Stoney Creek, Ancaster and Dundas?
Yes. Loansville is online and serves Ontario residents anywhere in the province, including all of Hamilton.
How do I get the money?
By Interac e-Transfer, usually within 1 hour of approval.
Questions? Email [email protected] anytime, we respond 24/7. Also serving: Mississauga, Kitchener-Waterloo, Toronto and all of Ontario.
Sources: Government of Ontario, Payday loan: your rights; Payday Loans Act, 2008. General information, not legal advice.