Payday loans in Kitchener-Waterloo
Licensed online payday loans for Kitchener, Waterloo and Cambridge. A fully digital process, with funds by Interac 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 Kitchener-Waterloo borrowers
- Serving Kitchener, Waterloo and Cambridge, 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.
A fully digital process for a tech-savvy region
Waterloo Region mixes tech companies, universities and colleges, insurance offices and manufacturing. Our process suits it: no paystub uploads in most cases, no office visit and no fax. We verify your identity and income securely through your online banking.
If your income varies, as it can during co-op terms, between contracts or on commission, you still need at least $2,500 a month in income. Email us if you're unsure whether your situation fits before you apply.
Getting your e-Transfer in Kitchener-Waterloo
Interac e-Transfer works with all the major banks here. If you bank with a local credit union such as Your Neighbourhood Credit Union, check that online banking and e-Transfer are turned on for your account.
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 Kitchener-Waterloo and when a payday loan makes sense
Housing costs in Kitchener-Waterloo have risen with the region's growth, especially for renters near the universities. Before borrowing, work out what you'll repay: $500 for 14 days costs $70, so you repay $570 on your due date.
How to apply from Kitchener-Waterloo
- 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.
Kitchener-Waterloo payday loan questions
Do I have to upload paystubs?
Usually not. We verify your identity and income through your online banking.
Do you serve Cambridge too?
Yes. We lend to Ontario residents anywhere in the province, including all of Waterloo Region.
My income changes month to month. Can I still apply?
You need at least $2,500 a month in income. If you're unsure whether you qualify, email [email protected] before applying.
Questions? Email [email protected] anytime, we respond 24/7. Also serving: London, Hamilton, Mississauga and all of Ontario.
Sources: Government of Ontario, Payday loan: your rights; Payday Loans Act, 2008. General information, not legal advice.