Here are answers to the questions you ask most often
Some things you want to know
My Online Cash provides online payday loans to Canadian customers. Our payday loans are designed to solve temporary cash-flow needs.
The process is super quick and easy. Just complete our online payday loan application with My Online Cash by clicking: Apply Now. We will let you know within seconds if your application has been pre-approved. If approved, we will get your online payday loan to you promptly!
My Online Cash is committed to making sure you get your loan as quickly as possible. We fund payday loans by email transfer and direct deposit. The biggest time factors involved are your financial institution and the time of your application.
To get a payday loan with My Online Cash, you will need to:
You must have at least a monthly net income of $800 to get a My Online Cash payday loan. A lot of sources of income, can be counted toward this total. That includes child tax credits, EI, ODSP benefits and pensions for example. Include such income sources in the Employment Details of your application and you're ready to go.
Absolutely. All we need is a current address, details of your income, plus a guarantee to repay your payday loan, in order to consider your application.
We may perform a credit check as one component of our automated decision making process. But My Online Cash advanced algorithmic analysis looks at many factors when judging a loan candidate’s credit-worthiness. So to have the best chance of being accepted for a loan, make sure the information you provide on your online application is accurate.
Bad Credit will not necessarily disqualify you. Your Credit is one of the many factors our automated system considers when looking at your application, along with income, payment history and other factors. So don’t let bad credit stop you from applying for a loan you need.
No. You don’t need to explain your reasons for applying for a loan, or tell us how you plan to use the money. As long as you are able to pay your loan back responsibly, we are here to help you through any cash flow gaps.
All our fees and interest charges are listed on our website and on your application form, as well as on the loan agreement. So there are no surprises. If you miss a payment, interest will continue to accumulate on the outstanding balance of your loan until paid in full.
|Province||Interest Fees & Transparency||Late fee|
|Alberta||$15 per $100||$25|
|British Columbia||$15 per $100||$20|
|Manitoba||$17 per $100||$5|
|Newfoundland & Labrador||$21 per $100||$20|
|Nova Scotia||$19 per $100||$40|
|Ontario||$15 per $100||$25|
|Prince Edward Island||$15 per $100||$48|
|Saskatchewan||$17 per $100||$25|
Repayment will be due on your next scheduled pay date, unless your next pay date occurs in the next two days; in that case, repayment is extended to your following pay date.
Our policy requires the borrower to repay any existing loans in full before applying for another. But once that’s paid off, you can apply again. Our priority is to support you to borrow responsibly. So the service we offer our customers provides critical assistance at important times, rather than being a fixture of your long term planning.
My Online Cash will withdraw payment(s) automatically and directly from your bank account on the agreed date(s).
If you don’t repay your loan within the agreed term, you will be contacted to arrange payment, and additional fees may apply, as described in your My Online Cash Loan Agreement. Your account will be handled by Our professional collections team to help you manage repayment. We do our best to help you figure out a solution, and avoid handing your account to an outside collection team, as repeated failure to honor loan payments can impact your credit score for up to six years.
Yes, because a loan cannot be deposited at your bank unless it is open for business.
We want your My Online Cash experience to be great! If you’re not happy with our service, please let us know by filling out a feedback form. And if that doesn’t fix the issue, you can submit a formal complaint via "email@example.com". We are continually working to make our service better, and we want your feedback!.
We used to have brick and mortar stores, but we realized most people do their business online these days. So focusing on online loans helps us give you the fastest and most efficient service, with greater privacy.
It’s super easy! Just click Apply Now and follow the application steps. If you’re approved, you could receive a loan in as little as an hour.
New customers can receive loans up to $750 on their first approved application depending on the province they live in.
If eligible, you can borrow up to $1,500!
Log into your My Online Cash Account and submit an application to see what you qualify for.
No need to leave home! Everything is collected and processed online. We don’t do loans at our physical locations anymore, so just complete your application here: Apply Now.
Getting a personal loan has never been easier or faster. We need some personal background info, then just choose your loan amount and repayment plan, then you're good to go.
There's no fuss in the process. You'll be immediately informed if you qualify. All that is left is to sign your electronic contract.
Any time, day or night, your loan will be e-transferred to you in just 5 minutes!
Maximum charges permitted in Alberta for payday loan: 15% of the principal. We charge: 15% of the principal. For a $300 loan for 14 days: Total cost for borrowing = $45 Annual Percentage rate = 391.07%
My Online Cash, proudly canadian owned and operated, offers personalized payday loans and fast cash advances to thousands of Canadians in Alberta (Vancouver, Surrey , Burnaby and others), in Alberta ( Calgary , Edmonton , Lethbridge , Red Deer , Wood Buffalo , Medicine Hat , Airdrie , and others), in Saskatchewan ( Saskatoon , Regina and others), in Ontario ( Payday Loans Toronto , Ottawa , Mississauga , Brampton , Hamilton , Markham , Niagara Falls and others), in Nova Scotia ( Halifax , Cape Breton , Dartmouth , Truro , Sydney and others) as well as in Manitoba ( Winnipeg , Dauphin , Morden , Portage La Prairie , Selkirk , The Pas , Winkler , Brandon , Steinbach , Thompson and others). Easy online payday loans in Canada, Same day fast cash Ontario, Online loans British Columbia, Get cash money in Alberta, Payday loan Saskatchewan.