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Loan Express


About lender

Loan Express Company was established in Canada over 15 years ago. It operates throughout Canada and provides alternative express loan services to Canadians. Some people had had bad experiences applying for bank loans and wanted something different that was more efficient and better protected their situation. These needs formed the basis for Loan Express' mission: loans in 5 minutes without queues, headaches, and long explanations of why you need cash now. In other words, Loan Express clients get a quick solution to their urgent problems and can enjoy small loans after filling out a simple online application form.

When providing online loan services, the company pays attention to the security of its customers' personal information. Loan Express has a secure and trustworthy website. They declare that the encryption technologies are as good as those used by banks. The company is not an online ghost but has an office that is staffed and offers various options for 24/7 support and lending. You can either send an online contact form or email or call and speak to a real person.

Pros and Cons

Loan Express believes that urgent problems require quick solutions. As long as the customer understands the seriousness of the repayment, the company is always ready to offer its strong shoulder of support and provide instant payday loans of up to $1,500 across Canada. If for some reason you have not built up personal cash reserves to cover unexpected expenses, friends or relatives sometimes tend to moralize you when you are already under pressure and especially need money fast to pay high priority bills. That's why many people prefer to save the day and apply for a payday loan quickly. Before you decide whether a personal loan is a solution to your situation, pause for a moment and weigh the pros and cons.


  • Quick approval;

  • Ability to receive funds the same day;

  • Fully online application process: you can apply from home, from your car, or from any other place you see fit;

  • Transparent eligibility requirements;

  • No hidden fees;

  • No need to explain your situation, just fill out the form and select the amount for the payday loan;

  • Convenient repayment schedule in conjunction with your pay cycle;

  • Depending on your residence in Canada, the term of the payday loan can be up to 62 days;

  • No intermediaries in the loan process, only Express Loan;

  • Security of your personal information through reputable encryption protocols and a secure lender website;

  • Loan Express operates 24hours a day, 7 days a week, 365 days a year. When you need cash, you know the lender is not on holiday and you are not alone in your financial need;

  • A variety of income options are accepted and considered;

  • Loan Express makes payday loans even if you do not meet most of the standard bank requirements. Bad credit history or poor credit score is not a reason for Loan Express to deny an application;

  • Instant cash for approved loans via e-transfer or direct deposit, as you prefer;

  • Your active account does not need to have a long history, 30 days of active account maintenance is sufficient for Loan Express;

  • There is no credit check on your other loans, but you can build a good credit history and get higher amounts than your first loan with Loan Express. The maximum amount is $1,500 for up to 62 days, depending on your location in Canada;

  • Payday loan cancellation is included in the contract, and the process and form itself are simple.

  • Of course, there is always a dark side to money lending. As a responsible lender, Loan Express strongly recommends that the borrower's responsibility be considered as part of the signed contract. Now is the time to think about the disadvantages of payday loans.


  • The payday loan is only a short-term solution and will not help you much if you tend to overspend;

  • Repayment is linked to your next payment, but you must make sure that your account has a sufficient balance at the time of repayment, especially if you have the option of an overdraft, which is automatically covered as soon as your salary is received in the account;

  • The rather high annual interest rate for payday loans. Loan Express offers 517.08%;

  • if you do not repay your payday loan, collection methods are applied;

  • all collection fees are added to your loan amount;

  • You can only obtain one loan at a time with Express Loan;

  • The loan amount can only be increased if you have established good credit history with the company;

  • although Loan Express considers different types of income, you must have regular income and it must be in the form of direct deposit;

  • The minimum loan amount is $100 ($200 for Alberta);

  • You must provide your reference contacts;

  • The lender's website does not provide much information on early repayment.

The Express Loan payday loans mentioned above have the following advantages:

  • quick decision making and solution of your financial problem within one business day;

  • transparent fees and requirements;

  • Different sources of income are taken into account;

  • No credit check;

  • You do not have to visit the office, lending is done entirely online;

  • Trusted customers receive loans up to $1500.

    Disadvantages include:

  • Borrowing costs;

  • high cost, APR 517.08%, although it is affordable if you repay your loan according to the schedule;

  • it is unclear how you can repay the loan early;

  • First-time borrowers need to create an account on the Loan Express website to apply;

  • the first loan will not be for the maximum amount possible but can be increased if you build a good credit history with the company.

Loan conditions

Loan Express has simplified the application and approval process for the first loan, but the second and subsequent applications are even easier for borrowers. When you apply for the loan for the first time, you must provide some of your personal and financial information and automatically create an account on the company's website. Then you enter the required data:

  • name;

  • last name;

  • sin number;

  • reference information;

  • income and bank details;

  • residential address;

  • valid contact information;

  • the amount you wish to borrow from a lender, etc.

The next loans are faster because you have already entered most of the important information and only need to confirm that your data has not changed. You need to select the loan amount and send this application to Loan Express Back Office.

Note: The second and subsequent loans can only be approved if you have fully repaid the previous loan with this lender. The company only allows one payday loan at a time. However, you are not prohibited from borrowing from another lender at the same time as Express Loans.

Methods of a loan funding

The procedure and schedule for the first credit and the following ones are a little different.

The loan can be disbursed by direct deposit or by email transfer. For your first loan, if you can use our online bank verification, you can receive an Interac E-transfer within 5 minutes after signing the loan agreement. You do not have to opt for online bank verification if you do not feel comfortable doing so or if your bank does not support such an option. In such a case, you will receive your money via direct deposit.

Since payday loan borrowers usually have an urgent need, Loan Express recommends checking the schedule for their direct deposits:

  • Direct deposits are transferred 3 times a day during regular business hours. If you are with a bank other than CIBC, TD, RBC, Scotia, BMO, or HSBC, the deposit may take longer.

  • Loans approved before 11 a.m. will be deposited by 3:30 p.m. that day.

  • Loans approved between 11 a.m. and 3:45 p.m. will be deposited by 8 p.m. that same day.

  • Loans approved after 3:45 p.m. or on weekends and holidays will be deposited by 3:30 p.m. on the next business day.

Note: All times are in Pacific Standard Time (PST).

Note: After your first loan is approved with Loan Express, you are eligible for all subsequent loans for Interac e-Transfers. Although the lender states that the loans are up to $1500, it informs on its site that the first loan is paid for a lesser amount. The minimum amount depends on the borrower's location (for instance, between $100 and $200 in Alberta).


What is Loan Express?

A lender is a Canadian company that was founded over 15 years ago and operates throughout Canada providing speedy service. It has a real office with real employees. The company's back-office ensures the loan origination process: approval, disbursement, and customer support 24/7 and 365 days a year. The application and review process is entirely online and borrowers do not have to visit any offices. Express Loan works without any intermediary between the company transactions and its borrowers. All requirements and fees are clearly stated on the company's website. They accept different types of income, including retired, do not perform credit checks, and increase the possible loan amount if the borrower builds trust with the lender.

Who owns Loan Express?

At the moment, there is no information available about Express Loan shareholders and UBO. However, the company states that it is open to communicating with its customers, and there is probably a way to get such information if you contact the company's customer service online, by email, or on the phone.

How do you qualify for Loan Express?

Loan Express offers fast access to online payday loans in most Canadian cities and every remote location in New Brunswick, Nova Scotia, Ontario, Manitoba, Saskatchewan, Alberta, British Columbia, Yukon, Newfoundland and Labrador, Nunavut, and the Northwest Territories. To be eligible for a payday loan, there are the following criteria:

  • You must be 18 years of age or older;

  • You must have a bank account that has been in operation for at least 30 days;

  • You must have a steady income that is remitted directly.

How much can you borrow from Loan Express?

Loan Express states that it lends money from $100 up to $1,500. The minimum amount depends on your residence in Canada. Once you select your residence, you will see this information. The maximum loan term is 62 days and also depends on the borrower's location. Note: Most people will not qualify for the maximum amount the first time they borrow, but the more trust you build with the lender, the higher the loan amount will increase approved.

Is Loan Express a legitimate company?

Loan Express is a duly registered easy online application company based in Canada, having its registered office in Canada. The lender is licensed to extend credit and, in particular, to disburse payday loans. This is important for borrowers because it guarantees transparent service conditions and a legitimate collection procedure for those who cannot repay the loan.

Currently, the company holds the following licenses:

  • AB license # 327001

  • BC license # 50028

  • MB license # 39281 valid until 2022-Oct-18

  • NB license # 200001546 valid until 2023-Feb-18

  • NL license # 20-23-LO073-1

  • NS license # 202645507 valid until 2022-Jul-31

  • ON license # 4716499 valid until 2022-Jul-15

  • SK license # 100056

Company documents

Privacy Policy

Loan Express provides short-term cash advances to Canadians in need of funds.

© Loan Express

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What to pay attention to when applying for a loan from Loan Express

  1. The company must have a license if it runs business in Alberta, British Columbia, Manitoba, Ontario and Quebec.
  2. You can check the availability of the relevant license (copy) at the branch of the lending company.
  3. Membership in a self-regulatory organization (SRO) is an additional guarantee of the reliability of the lending company. This information can also be checked at the company's branch or on its official website.
  4. Availability of lending policies.
  5. The procedure for applying for a loan.
  6. The procedure for concluding the loan agreement and receiving the payment schedule.
  7. Other conditions for granting loans.

We recommend

  1. To check out the interest rates and frequency. 
  2. Check the availability of individual terms in the loan agreement (principal amount, term, date of advance, etc.).
  3. Check whether the loan agreement contains information about the total cost of borrowing.
  4. Take time to think – you can change your mind before agreeing or signing a loan agreement.
  5. Speed of loan processing.
  6. Accessibility – alternative lenders often operate where there are no bank branches.
  7. For the borrower - high interest on the loan.
  8. For an investor, the safety of funds is not guaranteed by the state.

What distinguishes Loan Express from banks:

  1. Simplicity - loan processing is less formalized than in a bank.
  2. Fast loan processing.
  3. Accessibility.
  4. For the borrower - high interest on the loan.
  5. For an investor, the safety of funds is not guaranteed by the state.
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