Home › $100 Payday Loan
A small loan for a small gap. When you just need to bridge a day or two until your next pay, $100 keeps the cost of borrowing as low as possible.
A $100 loan is meant for short, specific gaps — not ongoing expenses. It's our lowest-cost loan amount because the fee scales directly with what you borrow.
Cover a tank of gas so you don't miss a shift before payday.
Top up groceries for a few days without waiting for pay.
Avoid a late fee or service interruption on a small bill.
Ontario and Saskatchewan cap payday loan fees at $14 per $100 borrowed. Here's the exact breakdown for a $100 loan over our representative term — the same representative-example format used across our site.
| Amount borrowed | $100 |
|---|---|
| Cost of borrowing | $14 |
| Total repayment | $114 |
| APR | On this 62-day loan, the APR is 82.42% (includes interest and all applicable fees). |
| Term | 62 days — your exact due date is set before you sign |
Loan repayment terms range from a minimum of 61 days to a maximum of 62 days. Your exact repayment amount and due date are disclosed in your loan agreement before you sign — never after.
Our $400-per-pay minimum income requirement already covers a $100 loan comfortably, since your maximum loan amount is capped at 50% of your net pay. Most applicants who meet our basic requirements qualify for $100.
We're licensed to lend in these two provinces only.
Employment, Child Tax, ODSP, Ontario Works, or pension income with bank history.
For your e-transfer and to authorize repayment via EFT.
A past, discharged bankruptcy does not disqualify you.
The same simple process for every loan amount we offer.
Takes under 5 minutes, no faxing or paperwork.
We check your income and banking, not your credit score alone.
An approval email confirms your amount and terms.
Your money is e-transferred, often within ~20 minutes.
$100 is our minimum loan amount. If your need is smaller than that, a $100 loan is the lowest amount we can offer.
That depends on your situation. A $100 loan costs $14. We'd rather you borrow only what you need and can comfortably repay on your next payday — if $100 covers the gap, there's no reason to borrow more.
Once approved, funds are sent by Interac e-Transfer, typically within about 20 minutes.
It's free to apply and takes under 5 minutes. No obligation.
Start My Application →Cost of Borrowing
Loan repayment terms range from a minimum of 61 days to a maximum of 62 days.
Maximum allowable cost per $100 Borrowed $14.00 | Cost per $100 Borrowed $14 | Maximum APR 365%
Representative Example: Borrow $500. The total cost of borrowing is $70. Total repayment: $570. On a loan of 62 days, the APR is 82.42%. This includes interest and all applicable fees.