Choose a country
Canada
Choose a city
Choose a city
Choose a language
English
Select country
Choose a country
Canada
Canada
España
México
Philippines
United States
Việt nam
Казахстан
Россия
Україна
Lender
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Mr. Payday's pay off

Finanso.Multilogin™

Repay

After the money is deposited into your account, the repayment period will start. After that, payments are arranged through automatic withdrawal from your account. So you won't miss regular payments.

Make sure you have enough money to cover the repayments, or you could be charged an NSF fee and have your credit score hurt.

Conditions of loan extension

If you can't make the repayment on time or assume that you won't have enough money to pay, call 1-855-959-0880.

All returned pre-authorized payments are subject to an NSF fee of up to $50 depending on your province and can damage your credit standing. While your obligation to repay is not waived, the lender will attempt to assist you.

This could happen if there's not enough money in your bank account to cover your loan payment, your bank account has been closed, or the account is suspended or inaccessible.

Early payoff

Payday loans are typically paid the next payday directly from your bank account by automatic withdrawal. During the application, you have specified the dates when you are paid.

FAQ

How do I make a payment on Mr. Payday?

Your payments are made from your account automatically in the amount you have submitted.

What happens if you don't pay back Mr. Payday?

All delinquent accounts are subject to an interest rate of up to 59% APR depending on your province. In addition, all returned pre-authorized payments are subject to a non-sufficient funds (NSF) fee of up to $50, depending on your province.

Note: The borrower is responsible for all legal fees required to obtain the balance due. The lender collects delinquent loans using all legal remedies available, including legal debt collection and civil court action.

Can you pay Mr. Payday early?

No, you pay back the loan on the arranged paydays according to your terms.

Can Mr. Payday sue you?

Yes, they can. The borrower is responsible for all legal fees required to obtain the balance due. The lender collects delinquent loans using all legal remedies available, including legal debt collection and civil court action.

Borrow responsibly: review requirements and conditions, and calculate all payments, fees, and terms of borrowing to understand whether Mr. Payday's services answer your financial needs.

Calculate loan payments in Mr. Payday

Mr. Payday calculator will allow you to calculate an approximate payment schedule for the loan

Loan amount
i

Enter the desired loan amount

CAD
CAD
100 $
1500 $
Loan term
i

Specify the loan term for the calculation

days
months
3
31

What to pay attention to when applying for a loan from Mr. Payday

  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 Mr. Payday 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.
Your comment has been added
Error
Your complaint has been recorded
Invalid username or password
comment.alert.error-reg
Please log in to like/dislike
Invalid SMS code has been entered
All Mr. Payday’s reviews by September 2022
Leave feedback

Similar companies

Goeasy
33 City Centre Dr #510, Mississauga, ON L5B 2N5
1 844 446 3279
Kingcash
TD Canada Trust Tower, 161 Bay St. 27th Floor, Toronto, ON M5J 2S1
1-844-895-8808
Auto Loan Solutions
3200 Bloor Street West Toronto, ON M8X 1E1
1-800-610-2391
Driven
License No. 6482091
130 Adelaide St W, Suite 3100, Toronto, Ontario, Canada, M5H 3P5.
1-866-889-9412
Symple Loans
161 Bay Street, Suite 2700 Toronto, ON, M5J 2S1
1-888-479-2292