Comparing 8 offers. Updated June 16, 2026.
GoDay is a Toronto-based online lender offering fast payday and short-term loans funded by Interac e-Transfer 24/7.
Deposit My Cash Now provides fast online installment loans with same-day e-Transfer for Canadians with all credit types.
Nyble offers a 0% interest credit line up to $250 with no mandatory fees and free credit monitoring.
LoanMeNow offers fast short-term loans of $500 to $1,000 by e-Transfer for Canadians with bad credit.
Credit Club offers quick short-term e-Transfer loans of $500 to $1,000 for Canadians across the credit spectrum.
DMO Credit provides short-term loans for Canadians with bad credit, funded quickly by e-Transfer.
Eastern Loans offers fast short-term e-Transfer loans of $500 to $1,500 for Canadians with all credit types.
Credit-Matik provides fast short-term e-Transfer loans of $500 to $1,000 for Canadians, including bad credit.
The fastest payday loans in Canada are funded by Interac e-Transfer, which operates 24 hours a day, 7 days a week, including evenings, weekends, and holidays. With a fully automated online lender, you can apply in about five minutes, receive an instant decision, and have funds in your bank account within minutes to a couple of hours of approval. This is what makes 24/7 e-Transfer payday loans the go-to option for genuine emergencies that cannot wait for a bank to open.
To get the fastest possible funding, choose a lender that uses instant bank verification (such as Flinks or Plaid) instead of asking you to mail documents, and apply outside of a manual-review queue. Lenders like iCash, GoDay, and Cash Money advertise near-instant e-Transfer payouts for approved applicants. Typical payday loan amounts range from $100 to $1,500, repaid on your next payday, while several of these lenders also offer larger installment loans repaid over several months.
Speed has a price. Payday loans are regulated provincially, with a maximum cost of $14 to $17 per $100 borrowed depending on your province ($15 per $100 in Ontario, Alberta, and British Columbia). On a typical two-week loan that works out to a very high effective APR, so a payday loan should be used only for short-term needs and repaid on time to avoid rollover fees. Installment alternatives are capped at the 35% federal criminal interest rate and spread the cost over a longer term.
Compare the lenders below by funding speed, maximum amount, and total cost. Make sure the lender is licensed in your province, accepts your income type, and clearly discloses all fees before you sign.