Friendly Lender

Payday Loans in Alberta

Our application process is straightforward, you can apply for up to $5,000 with a few clicks and receive your money in as little as 24 hours.

payday loans in Alberta

What Is a Payday Loan?

Online payday loans provide quick financial relief and are repaid on the next payday. Intended to cover a range of immediate expenses, such as car repairs, medical emergencies, bills, and more, payday loans are more accessible than ever thanks to our simple and easy online application process. We don’t check your credit score during our online application process! Apply online now via Friendly Lender! Please note that you may get connected with online installment lenders instead of online payday lenders, based on the details of your application.

How Expensive Is Life in Alberta?

The living wage in Alberta ranges from $18.75 per hour in Red Deer to $24.50 per hour in Fort McMurray, from $22.25 per hour in Edmonton to $18.90 per hour in Grande Prairie. Meanwhile, the new minimum wage in Alberta – as of April 1, 2024 – is just $15.00 per hour, well short of any of the above living wages. Therefore, low-income and minimum-wage workers in Alberta cannot afford to live comfortably in any of the major cities in this province.

Many Albertans are feeling squeezed by the cost-of-living crisis. Three-quarters of survey respondents (74%) reported being either worried or extremely worried by the rising cost of living. A significant majority also worried that the affordability crisis would push them out of the middle class.

How Payday Loans Can Help in Alberta

When you need emergency funds, Friendly Lender has your back! Apply online via Friendly Lender. We don’t check your credit score or credit report during our simple and easy online application process. Note that we may connect you with online installment lenders rather than online payday lenders, based on your application details.

Tips to Improve Your Financial Wellbeing in Alberta

While Alberta is reeling from a cost-of-living crisis, you may find ways to improve your financial wellbeing. Here are some tips:

  • Follow a budget. Perhaps the most important strategy is to allocate your income with a purpose in mind. Aim to spend 50% on needs, 30% on wants, and 20% on saving and debt repayment. Use a different breakdown if needed, but make sure to optimize how you spend your dollars.
  • Consider debt consolidation. This will allow you to have just one monthly payment, at a lower interest rate.
  • Save and invest. This can be challenging in today’s economic climate, but if you can set aside even a small amount of savings per week and invest it, you will set yourself up for a better financial future.

Additionally, monitor your credit score with Credit Verify for optimal financial health! Sign up now.

Criteria to Qualify for Online Payday Loans in Alberta

Here are some criteria you need to meet to qualify for online payday loans in Alberta:

  • You must be at least 18 years old.
  • You must be a Canadian citizen or permanent resident.
  • You must have a permanent address.
  • You must provide proof of a consistent income.
  • You must have a valid Canadian bank account, which has been active for at least 90 days.

Another helpful tip is to reduce your NSF transactions to a minimum and not have any ongoing active payday loans or short-term loans at the time of your application.

Conclusion

It’s never been harder to get ahead in Alberta. Consider applying online via Friendly Lender to ease your financial burden. Our online application process is simple and easy, and you will receive an immediate response.

Online payday loans in Canada

Why Friendly Lender?

At Friendly Lender, we understand the importance of securing loans with bad credit when you need them most. That’s why we have built a strong network of direct lenders across Canada to connect you with the right loan options. When you choose Friendly Lender, you benefit from the following advantages: