Frequently Asked Questions
Payday Loans

How do payday loans work?

Payday loans are a short term loan until your next payday. You would just need to apply in-store or online to receive up to 30% of your net pay that you would pay back on your next payday*!


Why do people choose payday loans to borrow money for a short period of time?

Payday Loans are designed to meet temporary, short-term cash flow needs. As an analogy, while you would not choose to take a taxi from Halifax to Toronto, it is common to take a taxi for a short distance, such as from your hotel to a nearby restaurant. You similarly would not choose a payday loan to finance a purchase over a year's time, but you may choose one to meet a cash shortfall until your next payday.

How do I pay back my loan?

You can either come in to the branch on the due date and pay in cash, or use our convenient Pre-Authorized Debit method where the funds are debited from your account on your payday!

What do you need to qualify and receive a payday loan?

You need to be currently working or receiving income derived from employment, and have an open and active bank account. You must be at your job for at least 3 months and have your pay directly deposited into your bank account. Bring in your most recent pay stub, last 60 days of banking from a bank machine or bank teller, a void cheque or pre-authorized debit form from your bank, a current utility bill (phone bill, power bill etc.) and Photo ID. We will run your information through our system to give you a fast response. We approve 95% of all applications.

How much money can I borrow?

You can borrow up to 30% of your take home pay depending on system approval.

When will I receive my Payday Loan?

You will receive your cash the same day in our branch!

Can I have more than one payday loan at the same time?

No all other payday loans have to be repaid before another can be granted.

Can I have a Payday Loan and a Pawn Loan at the same time?

Yes, they are two different types of loans.

*upon system approval

Topics of Interests

  • Pawn Loans & Selling Your Gold What can I pawn at Cash4Less? How long is a pawn loan for? How safe are my items I leave for collateral?
  • Cheque Cashing Information about why you would want to use our cheque cashing services instead of going to a bank.
  • General QuestionsWhat is Cash4Less all about anyways? Answers any general questions you may have about our company.