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What is a short-term or payday loan?


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A short-term or payday loan is a loan that's intended to cover your expenses until your next payday. The lender usually charges a fixed fee per $100 borrowed and the loan is available until your next payday, regardless of when you apply.
Can I apply for a shot-term or payday loan from Canada Bucks?
You can apply if you are: over 18 years of age, eligible to live and work in Canada, in full or part time employment and are receiving a regular salary paid into a valid bank account that accepts direct debits. If your main source of income is Centrelink benefits then you are not eligible to apply.
How do I apply for a short-term loan with Canada Bucks?
Our online service is available 24 hours a day 7 days a week. Many of our lenders operate 7 days a week and can even deposit funds in your account at the weekend.
Complete our quick and easy online form and just click 'Submit'. If you are approved you may be asked a few quick questions by your friendly lender. You then sign your loan agreement online and we take care of the rest.

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