PAY2DAY Payday Loans Review: 1-2 Hour E-Transfers up to $1500 in Canada

PAY2DAY offers quick payday loans for Canadians who need cash advances in a hurry, now serving Alberta along with Ontario, BC, and Nova Scotia. With approvals and e-transfer funding in as little as 1-2 hours—24/7—PAY2DAY is positioned as a convenient choice. The maximum loan amount is $1,500, and the borrowing cost is $14 for every $100 advanced. No credit checks are required, and you can apply online or in-store. Borrowers must be 18+, have a Canadian bank account, and a stable income.

How to Apply for a PAY2DAY Loan

1. Visit the official PAY2DAY website and select the loan application form
2. Register for a new account or log in if you’re an existing user
3. Fill out the simple application, providing your ID, bank info, and proof of income
4. Submit your application and wait for approval—usually in minutes
5. Receive your funds via e-transfer, typically within 1-2 hours

Advantages of PAY2DAY Loans

One standout benefit of PAY2DAY is the speed of service—most customers receive funds within two hours of approval. The application process is fast and fully digital, making it possible to get cash anytime, anywhere in Canada.

Another pro is having no credit check or hidden fees. This makes PAY2DAY accessible for Canadians with poor or thin credit histories, while ensuring transparency in costs before you commit.

Considerations and Drawbacks

The primary drawback is the high borrowing cost, at $14 per $100 advanced—common for payday loans but still a steep price for short-term borrowing. Repayment is due within 1 to 31 days, requiring careful budgeting to avoid additional fees.

Lastly, loans are not available by phone and full financial services, such as insurance and mortgages, are limited to Ontario. You must also provide online banking access for application.

Final Verdict: Should You Choose PAY2DAY?

PAY2DAY is a solid option for Canadians who need cash quickly and value convenience. The fast approval, lack of credit checks, and transparent service stand out. For urgent, short-term needs, PAY2DAY can deliver—just make sure you plan ahead for repayment.