Payday Loans Surrey

The Smart Payday Loan Alternative

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Payday Loans Surrey

Surrey is a city British Columbia and one of the 21 municipalities of Vancouver. The town is located south of Fraser River and shares a border with the United States of America. Surrey is an excellent city for those who enjoy active living. Many parks, Bike trails, greenways, nature trails and world-class recreational centers provide a high quality of life. The economy of Surrey BC is driven by industries such as education, manufacturing, high technology and health. Finance is also a growing industry with more than 80 prime banking branches located around the city. The non-prime segment is also doing well with over 15 locations offering Payday loans and other short term loan solutions to residents with bad credit. 

A payday loan is an ideal product for a sudden financial need and has been used by the residents of Surrey, BC, for many years.  Most payday borrowers reported that they used payday loans to pay bills, cover unexpected expenses, or make a necessary purchase. The costs associated with these loans vary. However, most lenders charge a rate of $15 for every $100 borrowed for two weeks. Unlike more conventional financial products, merchants in this segment offer terms that range from 14 to 60 days. Although a small number of payday lenders provide longer payment schedules, most companies only offer 14-day terms. 

Although these loans are easy to obtain and quick to reimburse, the rates associated with payday loans can be many times higher than those of a credit card. When you consider the high cost of borrowing and the short term of reimbursement, you may want to consider another alternative.

514loans is aiming to provide borrowers with safer, less expensive and more flexible loan products. Our services are available to borrowers in Surrey as well as the rest of British Columbia. Please keep reading

Instant Same Day Approval Even With Bad Credit

Online Payday Loans Surrey BC

There are many payday loan shops in Surrey, BC. There are physical storefronts that offer onsite services and online payday loan companies that do not require the applicant to travel. One can apply simply by using their computer, tablet or cell phone. Most online companies offer a more user-friendly experience and are rapidly gaining popularity in British Columbia and the rest of Canada.

Utilizing technology to automate the process, many payday loan providers have evolved in the online payday loan landscape. Bank-level security, a document free process and no line ups make online payday loans the better choice.  

514loans is offering borrowers in Surrey access to a new and fresh solution. Our application process is 100% automated, and our product is better!  Our more advanced Loan solution can be used to pay unexpected expenses, catch up on bills or even take a short and well-deserved vacation. Our loans also have more significant credit limits and longer terms, which means they can also be used to pay off existing payday loans. 

Loan terms can range from 90 to 120 days and have an ABR (annual borrowing rate) about 60% less than your conventional payday loan. This significantly reduces the risk of causing any severe budgetary problems or future financial difficulties. 

We do not do credit checks. We get loans for even those with bad credit. Payday borrowers are verified through an IBV (Instant Banking verification). Once the verification is complete, we use our own set of criteria to qualify applicants. To apply for a loan at our establishment, the borrower must:

-Be over 18 years old

-Have a fulltime job

– have a paycheck that is automatically deposited 

-Not be in Bankruptcy status

-Complete an IBV (Internet Banking Verification)

An IBV (internet banking Verification) is a banking verification system that gives us read-only permission to verify a potential borrower’s banking transactions. Previously, payday lenders relied on paper documentation that created many problems for both the lender and the borrower, including inconvenience, identity theft and fraud. Rest assured that we do not have access to your username or password. The process utilizes bank-level security and has helped the segment provide a safer and more efficient environment for all users. 

No credit, good credit or bad credit, it doesn’t matter. We will get you a loan product that is right for you. Additionally, our partners can help you monitor your credit score and make better decisions for your financial future. The information is available in our approval email notification, so don’t wait! Apply now and see why 514loans is the better choice!

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Cash money Surrey

Are you looking for a cash advance with a lower cost of borrowing and more flexible terms? You have come to the right place. Borrowers in need of fast cash loans are turning to lenders that offer more advanced loan solutions. This is where 514loans comes in. The loan application process is identical to that of a payday loan, and the criteria are also the same. With no credit checks and no collateral necessary, payday borrowers can also qualify for a cash advance instead of a payday loan, even with a bad credit score. This process is also automated and doesn’t require any documentation or travel.

When comparing our lender’s product to a payday loan, the borrower must consider the difference in cost between the products, the amount of credit desired and their budget. A payday loan is often due on the borrower’s next paycheck, while an alternative loan solution can be reimbursed in a series of payments.  All payments include capital, interest and fees, reducing the total amount owed with every payment. The ABR (annual borrowing rate) of a payday loan is approximately $15.00 per every hundred borrowed. This means that the ABR is about 390%. With an ABR of nearly 147%, our cash advances start at $9.70 per every $100.00 borrowed for the same period and can get as low as $6.37 for every hundred dollars for returning customers. This does not include the APR (annual percentage rate) of our lender, ranging from 26% to 32%.

Below is an example cost of borrowing associated with our cash advances for returning customers

Please note that pricing for new customer loans may be different from this example. Customers are offered a more advanced loan product and a preferred customer rate after their third renewal. 


Loan Amount: $300.00

Number of payments: 6

Bi-weekly payment amount: $69.34 

Total customer obligation: $416.04

Term: 3 months


What are you waiting for? Hit the Apply button and get cash now!

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.

Same Day Money Deposit

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Frequently Asked Questions

What is a cash advance?

A cash advance is a short term financial solution, often used to cover car repairs, collection notices or any other type of unexpected expenses. Short-term cash advance services fulfill a need not met by traditional financial institutions, offering a less costly and often more desirable option for short-term loans.

A non-traditional cash advance is often the best way to receive a quick loan. Industry group CFSA reports that non-sufficient funds (NSF) cost consumers tens of billions of dollars each year from banks and credit unions. CFSA notes that millions of people each year “choose payday advance as a dignified, discreet, and often less costly solution for cash flow problems, without asking family for money or risking personal items as collateral.”

Many applicants also struggle to attain traditional financing despite having excellent credit. Many of them need quick access to working capital. Online lenders have emerged as a welcome alternative for borrowers everywhere. Online lenders are increasingly being used by consumers and businesses to get fast access to capital outside of banks. Also known as marketplace lenders, they “have leveraged low operating costs, minimal regulations, Big Data, and technology streamlined for a mobile generation to mediate terms between everyday borrowers who want quick access to cash.

What are the requirements to get a cash advance?

We like to keep things simple.

  1. You must be over 18 years of age
  2. You must be a Canadian citizen
  3. You must be employed full-time
  4. You must have an active bank account
  5. You must not be engaged in a consumer proposal
  6. You must complete an IBV (Instant Bank Verification)

    I am Self Employed. Can I apply for a cash advance?

    Absolutely! Just as long as our agents can verify a frequent source of income through your IBV (Internet Banking Verification).

    How much money am I allowed to borrow?

    Our loans range from $300 to $3000.

    However, ou lender's credit risk may assign a different amount than originally requested. This assures that the borrower will be able to reimburse the loan without any negative impact on their budget and/or financial situation.

    When can I expect the funds to arrive?

    Your funds are deposited automatically as soon as we receive your signed electronic contract. Deposits typically happen on the same day; however, some deposits can take up to 24 hours to appear in your bank account.

    What do I need to email or fax in?

    You may fax or upload your documents during your application process.

    The required documents are:

    1. A copy of your driver's license
    2. A proof of residence (any most recent utility bill with your name and address indicated on it)

    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

    Surrey, BC

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