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Need cash before your next paycheque? A payday loan can help cover an unexpected bill, a car repair or a short-term shortfall — and with Bolt Payday you can start your request online in just a couple of minutes. Complete the secure form to get a fast decision, and once approved, your funds are typically sent by Interac e-Transfer or direct deposit.
How payday loans work in Canada
A payday loan is a small, short-term loan — usually between $100 and $1,500 — designed to bridge the gap until your next payday. Instead of monthly interest, you pay a single flat fee, and you repay the full amount on a set date, generally within about 14 to 62 days depending on your province. The process is simple: submit your request, get a quick decision, receive your funds, and repay on your agreed payday.
Frequently asked questions
Often, yes. Many lenders focus on your income and bank account rather than your credit score, so a low score does not automatically rule you out.
Payday loans in Canada are typically for $100 up to $1,500. The amount you’re offered depends on your income and your provincial limits.
On your next payday — usually within about 14 to 62 days depending on your province. The exact date is set out clearly in your agreement.
Approved funds are usually sent by Interac e-Transfer or direct deposit to your bank account, often the same day.
Yes. The request is entirely online, so you can apply from any regulated province without visiting a branch.
Contact the lender as early as possible. Depending on your province you may have options such as a payment plan — and you should avoid taking a new loan to cover the old one.