Friendly Lender

Payday Loans in Toronto

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 Toronto

What Is a Payday Loan?

A payday loan is a short-term financial solution to help you cover urgent expenses. The loan is typically repaid on the next payday. If you run out of cash between paydays, consider applying for online loans via Friendly Lender. Based on your application details, you could get connected with either online installment lenders or online payday lenders. We don’t check your credit score or credit report, so even a bad credit score is not an obstacle to getting approved for a loan.

How Expensive Is Life in Toronto?

Boasting more than 2.8 million residents as of 2024, Toronto, Ontario is Canada’s largest and most populous city. It is also the second-most expensive Canadian city, behind only Vancouver, British Columbia. While many people move to Toronto in the hopes of improving their economic prospects, the reality on the ground can be challenging. The combination of a highly competitive housing market, sky-high rent prices, rental bidding wars, high grocery prices, expensive transportation costs, low wages, and other factors is challenging workers, especially those who make below the recommended living wage.

How Payday Loans Can Help in Toronto

When you have trouble paying for your expenses, an online payday loan can be a quick solution. If you need an online payday loan in Toronto, consider applying via Friendly Lender. Based on the details of your application, you could be connected to online installment lenders rather than online payday lenders in Toronto.

4 Methods to Improve Your Financial Health in Toronto

Given today’s precarious economy, many people find it hard to get ahead. Yet following these four methods could be the starting point of your financial health journey:

  • Create a budget. Aim to allocate about 50% toward needs, about 30% toward wants, and the remaining 20% toward saving and debt repayment.
  • Save and invest. Even $10 or $50 per week is better than nothing. Get in the habit of saving and investing small amounts regularly. As your income increases, you will be able to save and invest more often and build savings for retirement, a downpayment, or a big-ticket purchase.
  • Debt consolidation. If you’re struggling with multiple different debts, consider debt consolidation. You will only have to make one monthly payment, possibly at a lower interest rate.
  • Increase your income. This can be tricky and may involve retraining for a new career or asking for a raise at your current job. Many qualifications can be earned in a relatively short time. You could pick up a trade in less time than it would take to graduate with a four-year university degree – and many trades pay remarkably well. Alternatively, you could pick up a skill like coding by taking courses online. Be creative in your approach to careers!

In addition, it’s always a good idea to track your credit score with Credit Verify. Sign up today and improve your credit score!

How to Qualify for Online Payday Loans in Toronto

The following requirements would help you qualify for online payday loans in Toronto:

  • 18 years old or older
  • Canadian citizen or permanent resident
  • Permanent address
  • Consistent income
  • A Canadian bank account that has been active for at least 90 days

Additionally, try to have zero to few NSF transactions and zero to few active payday loans and short-term loans.


Toronto is Canada’s second-most expensive city. It’s no wonder that many Toronto residents are struggling to keep up. If you’re stuck without cash between paydays, consider turning to Friendly Lender. Just submit our quick online application and get an immediate response. We don’t check credit scores or credit reports during our online application process!

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: