Payday Loans Saskatchewan

The Intelligent Loan Solution $300


Simple Application, Quick Approval


Payday Loans Saskatchewan

Almost half of all Canadians say they’re struggling to cover their costs of living every month. Even more are unsure about their ability to cover an unexpected expense, like a car repair.

Given these numbers, it’s hardly surprising that millions of Canadians turn to fast-cash loan options every year. It may be why you’re searching “payday loans Saskatchewan” right now.

Payday loans are often the first fast-cash loan people in Regina, Saskatoon, and other communities think of. You should know that it’s not your only option. In a lot of cases, it’s not even the best option you have in Saskatchewan.

To understand why payday loans aren’t your best choice for fast cash in Saskatchewan, it helps to understand how payday loans work.

Payday loans are a type of short-term loan with a credit limit of $300 to $1500. This short term loan service is provided to borrowers for a maximum term of 62 days, however, most lenders will only originate the loan for 14 days.

Most payday loans cost $15 per every $100 borrowed which is equivalent to an interest rate of about 400% annually. These cash advances are paid back in one installment which means that you would have to reimburse the entire loan plus the fees on your next paycheck.


Fast Approval Even With Bad Credit


Online Payday Loans Saskatchewan

You can often find payday lenders in major urban centers like Saskatoon and Regina. You may even find storefronts in smaller centers. Saskatchewan payday loan stores are thriving offering their services through 19 locations in downtown Saskatoon alone.

That makes it easy to pop in and get the cash you need when you need it. The loan approval process is fast, however you will have to travel to your local payday loan shop.

Online payday loan companies are easily accessible in Saskatchewan and are quickly gaining popularity across Canada. E-transfer and other technology make it possible for online lenders to get you your cash quicker than a physical loan shop.

Payday lenders aren’t the only ones who can give you fast access to cash in Saskatchewan, though. There are other online lenders who have service that is just as fast and easy. What’s more is that their products are often more flexible and better for borrowers.

Companies like 514loans are utilizing technology to better serve residents of Saskatchewan. An advanced loan management system and an experienced team of customer service professionals allow for a more efficient customer experience.

$300 to $3000

Their loan product offers borrowers larger credit limits, more flexible loan terms and a cheaper cost of borrowing. Please keep reading.

Fast Response

Customers since 2017

Hour Approval







1. Apply Online




Instant Payday Loans Saskatchewan

Instant payday loans are popular because they’re almost instant to get. You can get an answer within only 30 minutes. It literally takes more time to travel to your local payday lender. This financial solution is the second quickest loan in Canada to get. No credit checks allow for even borrowers with bad credit to be approved.

514loans does not conduct credit checks. We specialize in Bad credit personal loans. With larger credit limits and longer repayment terms our 3 month payday loans are easily reimbursed without having to give up a huge part of your paycheck.

An alternative underwriting process allows 514loans to evaluate and serve every borrower regardless of their credit score. The information you provide on your application as well as the data on your IBV ( instant bank verification ) is used to analyze your request and render a decision.

Before you apply make sure that you:

  • Are over 18 years old
  • Are a Canadian citizen
  • Have a full time job
  • Have an active bank account

How it works

Who we are

We are an online financial service provider. We work with licensed private lenders, to provide short term financial solutions, that are significantly less expensive and more flexible than a conventional payday loan. Good credit, bad credit, it doesn't matter. We will assist you in finding the financial product that suits your needs.

Fees and Interest

Depending on the risk associated with the application, Our lenders charge an APR ( Annual percentage rate) of 22% to 32%. Membership fees do apply. Please refer to our "Example Cost of Borrowing" section for more information.

Terms of Repayment

Our installment loans can be paid weekly, bi-weekly, bi-monthly, or monthly. The payment schedule depends on the customer's pay frequency. Unlike payday loan providers, our lenders offer loan terms of 90 and 120 days. Extended payment schedules are available for loans over $1000.

What Makes us better than Payday Lenders

Typically, Payday Loan providers require borrowers to finalize entirely on their next paycheck. The costs associated with payday loans vary from province to province.

The ABR (Annualized Borrowing Rate) for

  • payday loans ranges between 390% to as high as 560%.
  • installment loans range between 190% and 200%.

Our ABR includes all fees and interest associated with our installment loan product. Our cheaper ABR and more flexible terms make our product a better choice for Canadians in need of a short term financial solution.

Example Cost Borrowing

$300 borrowed over 3 months on a bi-weekly payment schedule, will cost the borrower 6 payments of approximately $75. The total amount reimbursed is roughly $450.00. This includes all membership fees as well as Interest and capital.

Missed Payments

Our lenders charge a $50 fee for any returned payment due to NSF (Non-Sufficient Funds). The missed payment, as well as the lenders' fee, are added to the end of your payment plan schedule. Two additional payments are extended to the payment plan.

Our Lenders charge a fee of $35.00 to reschedule a payment and extend the payment plan.
The rules for rescheduling payments are the following:

  1. A client can not reschedule the first payment.
  2. A client can not reschedule two payments in a row
  3. A client can not reschedule more than two payments per loan term.

Borrow Money Responsibly

This type of financing is meant to be used as a bridge to solve an immediate financial crisis. Interest rates are relative to risk and may be higher than conventional banking institutions.

Please note that having Multiple Installment Loans or Payday Loans can result in long term financial burdens. Please give us a call if you are caught in a loan cycle due to predatory loan practices. Our agents will assist you in finding a consolidation product that will prevent costly collections procedures as well as a negative impact on your credit file.


Please borrow responsibly.

Applying Online is Safe with us

Your important personal information is encrypted and protected using Bank Level Encryption Security. We are HTTPS secure, and our users can expect a safe and private online experience when using our website.

How to Qualify for a Personal Loan

Our application process is simple and easy on PC, tablet, or mobile phone. The following is criteria is necessary to qualify for a loan:

  1. You must be a Canadian citizen
  2. You must be over 18 years of age
  3. You must be employed full time.
  4. You must have an active bank account.
  5. Must not be engaged in a consumer proposal or a bankruptcy process.


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Instant Online Payday Loans Saskatchewan

Wait where are you going? save your Gaz or avoid public transport. we are in the middle of a pandemic. You can use your cell phone to complete your online application and you don’t have to fax or email any documents. The evaluation process is automated and allows companies like 514loans to rapidly process your request. In fact the entire process consists of only 3 simple steps:

It doesn’t matter if you live in Nova Scotia or if you live in British Columbia 514loans has a solution for you.

1) Online loan application

2) Instant Approval

3) money in your bank account

Automation is the key to offering exceptional customer service and 514loans is automated. If you consider the loan product, you would conclude that you are making a better choice by choosing 514loans.

It is important to note that our lender charges a rate of up to 32% in annual interest. Our membership fees are not included so please refer to the example cost of borrowing below for more information:

loan amount: $500.00

loan term: 3 months

number of payments: 6

Payment amount: 123.00

Total cost: $738.00

Frequently Asked Questions

How can I get rid of payday loans fast?

The fastest way to get rid of a payday loan is to pay it off as soon as it is due. The problem with short term loan solutions is that they require the borrower to reimburse the entire loan amount in one lump sum. Borrowers with multiple payday loans can apply for an installment loan with larger credit limits and more flexible terms .

Can I get a loan to pay off payday loans?

Absolutely. There are plenty of online lenders like 514loans who will assist you in consolidating your payday loans. Furthermore, companies like 514loans do not conduct credit checks making possible for anyone to get the financial assistance they need.

    Areas Served

    Proudly serving Canadians with no credit check installment loans, the best alternative to payday loans and the go-to alternative financial services. Thanks to you, we are the fastest growing installment loans provider across the country.

    Where are you from?


    Winnipeg, Dauphin, Morden, Portage La Prairie, Selkirk, The Pas, Winkler, Steinbach, Thomspon


    Montreal, Laval, Quebec, Gatineau, Lasalle, Terrebonne, Longueuil, Levis, Brossard, Sherbrooke, Repentigny, Saint-Hubert, Verdun


    Calgary, Edmonton, Lethbridge. Red Deer. St. Albert, Grande Prairie, Airdrie


    Toronto, Brampton, Mississauga, North York, Ottawa, Scarborough, Hamilton, Kitchener, London, Etobicoke, Windsor, Oshawa, Barrie, Richmond Hill, Brantford, Markham, Niagara Falls

    Nova Scotia

    Halifax, Cape Breton, Dartmouth, Truro, Sydney

    New Brunswick

    Moncton, Saint John, Fredericton

    Prince Edward Island

    Charlottetown, Summerside

    514loans - Payday Loan Alternative


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