Payday loans in London
Licensed online payday loans for London, Ontario. Apply from anywhere in the city, 24/7, and get funds by Interac e-Transfer if 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 London borrowers
- Serving London, Ontario and nearby communities such as St. Thomas and Strathroy, 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.
Students and healthcare workers
London has a big student population around Western and Fanshawe and a large healthcare workforce. If you're a student, the requirements are the same as for everyone else: you must be an Ontario resident aged 18 or older with at least $2,500 a month in income. If you're not sure whether your income counts, email us before you apply.
Healthcare and other shift workers can apply any time. Applications are open 24/7, and most get an automated decision.
Getting your e-Transfer in London
Interac e-Transfer works with all the major banks in London. If you bank with a Southwestern Ontario credit union such as Libro, check that online banking and e-Transfer are active on the account your pay goes into.
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 London and when a payday loan makes sense
Rents near campus and downtown have risen, and many renters are dealing with move-in costs, deposits and overlapping leases. Ontario lets you cancel a payday loan within 2 business days without penalty, so if you change your mind after signing, you have time to back out.
How to apply from London
- 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.
London payday loan questions
I'm a student in London. Can I apply?
You can apply if you're an Ontario resident aged 18 or older with at least $2,500 a month in income and online banking. Benefit income as your only income isn't accepted.
Do you lend in St. Thomas or Strathroy?
Yes. We lend to Ontario residents anywhere in the province, online.
Can I cancel after I sign?
Yes. You can cancel within 2 business days without penalty.
Questions? Email [email protected] anytime, we respond 24/7. Also serving: Windsor, Kitchener-Waterloo, Hamilton and all of Ontario.
Sources: Government of Ontario, Payday loan: your rights; Payday Loans Act, 2008. General information, not legal advice.