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Starting July 1st, 2018, Ontario Payday Loan Regulation will require all borrowers who are entering their third or subsequent payday loan agreement in a 63-day period to have their payments extended over 2-3 installments based on their pay cycle. Additionally, Ontario residents will be eligible for a payday loan up to a maximum of 50% of their net pay amount.
In order to comply with these regulatory changes, we are working hard to update our online loan system. Until all of the necessary changes have been completed, we will not be able to fund Ontario payday loans with electronic deposits. However, you will be able to apply in advance for your payday loan by phone or online and pick up your cash in a Money Mart store.
We apologize in advance for any inconvenience this may cause, but we can assure you that once the online loan system has been updated we will be able to provide you with better quality services including:
Please stay tuned for more details regarding our online loan system update.