Payday Loan
How It Works
Most frequent questions and answers
A payday loan is a short-term loan designed to help you cover immediate expenses until your next payday.
You can borrow up to $1,500, depending on your income and eligibility.
Yes, payday loans are only available to individuals with full-time employment and a regular pay schedule.
You will need to provide the following: –
- Latest 2 months bank statement
- Pre-authorized debit form
- Valid government-issued ID
- Latest pay stub
Additional FAQ
You can apply for a payday loan online through our application forms. However, if you need assistance—such as connecting your online bank statements—you’re welcome to visit our office during business hours, and we’ll be happy to help. Please note that the online application is much faster, and the processing time is the same for both in-person and online submissions.
At Xcash, we charge $14 per $100 borrowed, which is lower than the maximum allowed in most provinces. So for example: Borrow $300 → Repay $342 on your next payday There are no hidden fees, and everything is clearly outlined before you sign.
