1What is a payday loan?
A payday loan is an unsecured short term loan for a period of 1 to 31 days. It is typically based on the amount of your paycheque. It is designed to help meet unexpected expenses or financial emergencies between pay periods.
2How much interest do you charge for a payday loan?
Our cost to borrow is $18 for every $100 advanced. That works out to $54 on a $300 advance (average Canadian advance based on a one pay period advance). For more information please see payday loans.
3Do I have to visit a branch in person to get my payday loan?
Yes. PAY2DAY does not offer virtual, online payday loans. You must visit one of our locations in person to receive your loan but you can begin the loan application pre-approval process online though our convenient FastTrack Your Cash Process. You may also visit any one of our Greater Toronto Area locations and apply in person. The application process is simple and only takes a few minutes of your time.
4What do I need in order to apply for a payday loan?
  • Bank account
  • Employment income

1What types of cheques do you cash?

We cash almost any kind of cheque including:

  • Payroll
  • Government
  • Post-dated (government cheques only)
  • Traveler’s cheques
  • Business/commercial
  • Money orders
  • Insurance
  • Court settlements
2What do I need to bring with me to cash a cheque?
  • I.D.
  • Valid cheque payable to you or your business
  • Business registration papers (for cheques made payable to your company only)
  • SIN card required (for cheques made payable to your company only)

1Where are you located and what are your branch hours?
All of our locations are open 7 days a week, 365 days a year. For individual store hours of operation, please see our locations.