Testimonials

Client Testimonial

I was a little short on money and needed to pay a bill on time. ShortTermLoans.ca does business like professionals and they are there when you need them. Thank You!

Tera C.

Grateful customers

We applied for a short term loan because of some sudden financial troubles. Needless to say, we were quite surprised with the service and how fast we were able to get a loan.

Brent & Annette H.

Happy customer

I needed some money fast without any of those long applications. I was approved so quick, that I could hardly believe it. I will definitely recommend your service in the near future!

Kayla F.

Types of Short Term Loans:

Payday Loans
Cash Advance
Payday Advance
Personal Loans

Frequently Asked Questions


At ShortTermLoans.ca, we understand that you may have questions and
concerns about receiving a short term payday loan. In order to make your online loan application process as easy as possible, we have compiled some of our customers’ most common questions with our answers.



1. What is a short term loan or payday loan? Top

A payday loan is a short-term cash loan that allows a customer to receive money from a lender. A payday loan works by allowing you to borrow money against your next paycheck.


2. Can I qualify for a short term payday loan? Top

Yes, you can get qualified in minutes, simply complete the online application form! In general, consumers must have an open bank checking account in good standing with an ability to accept direct deposits and regular income. Most Canadian lenders require that the borrower be at least 18 years old and make a minimum of $15,000 per year.


3. How much money can I get? Top

You can receive up to a $1500 in cash. The loan amount you are approved for will be determined by the lender assigned to your application. All applications will be handled by Canada's leading lenders.


4. How do I get the money? Top

Once your short-term loan is approved, the money will be electronically deposited into your bank account.


5. Can I still get a loan if I have bad credit or a bankruptcy? Top

Yes! Remember, bad credit is okay and your credit rating doesn't matter. Bankruptcy, charge offs, bounced checks, and other credit issues don't affect your ability to get a short term cash advance.


6. How long does it take to fill out the online application? Top

It will take you only a few minutes to complete the loan application. Once you have finished the online application, you will be approved instantly and your cash will be sent in as fast as 1 hour!


7. Will I need to use a fax machine or printer? Top

No, most of our Canadian short term loan lenders provide a faxless payday loan application. You might need access to a printer to print the loan documents. In some cases, the lender assigned to your application may require that you fax in additional information, such as a copy of your recent pay stub or bank statement. Staples, Office Depot, and other stores offer fax services if you do not have access to a fax machine.


8. How much does it cost? Top

Your loan fees will vary depending on the amount of your short term loan and the province you reside in. Don't worry as your lender will notify you of the exact fee for your loan at the time your application is submitted. Even after you submit your loan application, it is completely up to you whether or not you accept the short term payday loan offered to you.


9. If I already have a payday loan outstanding, can I still qualify for a new loan? Top

Yes, of course! If you have another payday loan outstanding, you may still qualify for an additional loan. Make sure that you disclose the outstanding loan on your application form.


10. How and when do I repay the loan? Top

You won't need to worry about paying back the loan because the loan amount and loan fees are automatically withdrawn from your bank account on the due date. You don't even need to think about it as you won't need to make any payments or visit any store. If you don't think you will be able to pay your loan on time, you can also request an extension by contacting your lender before the due date. There may be additional fees that apply to loan extensions.


11. What if I cannot repay the loan when it is due? Top

No problem, simply request an extension from your lender! Just make sure that you let your lender know ahead of time so they can accommodate your needs.


12. How do you protect my confidential information? Top

Your privacy is protected by state-of-the-art security technology. Every piece of information is securely encrypted by a minimum of 256-bit SSL encryption. This is to ensure your complete privacy and security. You can find more information when you read our Privacy Policy page.


13. When can I apply for another short-term loan? Top

Applying for an additional short term loan is easy and there is no limit on how many times you can apply for a loan. Just wait 72 hours and then apply for your next loan. If you have already been approved for a loan, please disclose that information on your next application.


14. How do I extend or refinance an existing loan? Top

In order to do this, you will have to contact your Canadian lender directly. Your lender's contact information will be emailed to you at the end of the ShortTermLoans.ca application process. Your lender will deal directly with any questions you have about the application approval, cancellations, extensions, payment information etc.


15. How do I change or update my personal information? Top

You can change your personal information the next time you apply for a short-term cash advance loan. Simply change the information that needs changing and when you submit the application, this information will then be updated in our system.