Need fast access to cash while receiving Old Age Security? Whether you call it an OAS loan or an OAS payday loan, get up to $1,500 deposited directly into your bank account in as little as 20 minutes. Fully digital, same-day E-Transfer, no branch visit required.
Service Canada pays OAS (including GIS) on the same day as CPP each month, usually the third-last business day. December is paid early, ahead of the holidays. If your next OAS deposit is still a ways off and you're short this month, an OAS payday loan can bridge the gap.
January 28, 2026
February 25, 2026
March 27, 2026
April 28, 2026
May 27, 2026
June 26, 2026
July 29, 2026
August 27, 2026
September 25, 2026
October 28, 2026
November 26, 2026
December 22, 2026
Dates apply to direct deposit. Cheque payments may take a few extra business days. Confirm the official schedule any time at canada.ca.
Our online application takes only minutes to complete. Once approved, funds transfer directly to your account.
You must be a Canadian resident in an area we serve
You must be 65 years of age or older
You must be receiving Old Age Security (OAS) or other eligible regular income
You must receive at least $400 in regular income per period
An active Canadian bank account in your name
3 months of bank statements, no NSF or stopped payments in the last 90 days
We're a fully licensed lender in both provinces we serve, with the same transparent pricing and process wherever you live.
Licensed under the Payday Loans Act, 2008 (FSRA), Licence #4724430. Our Ontario office is at 15 Wellesley St W, Suite 201, Toronto. OAS recipients across Ontario — from Toronto to Windsor to Sudbury — regularly qualify using their monthly OAS deposit as income.
Licensed under The Payday Loans Act, Licence #511394. Our Saskatchewan office is at the Royal Bank Building, 2010 – 11th Avenue, 7th Floor, Regina. We also serve OAS recipients in Prince Albert, Saskatoon, and communities across the province.
We believe in clear, upfront pricing. You will see the full cost before accepting the loan — no hidden fees, no surprise charges.
Short-term borrowing made simple, fast, and transparent for seniors receiving Old Age Security.
Get approved in just 5 minutes with our streamlined application process.
Receive your money via E-Transfer within 20 minutes of approval.
Fully licensed lender in Ontario and Saskatchewan with secure data protection.
Borrow between $100 and $1,500 based on your income and needs.
A payday loan is a high-cost, short-term borrowing option. Here's what to keep in mind before applying.
Only borrow the amount required to cover your immediate expense, since fees apply to the full amount borrowed.
Repayment is scheduled around your OAS deposit date, so plan your other expenses around that same date.
If you have access to lower-cost credit, a line of credit, or support from a community resource, those options may cost less over time.
Read our full Responsible Lending Policy → or see the 2026 Canadian Household Affordability Report →
Yes. We accept Old Age Security (OAS) payments as qualifying income, provided you meet our minimum income and bank requirements.
No. We do not perform hard credit checks. Approval is based on your OAS income and bank account history.
Once approved and your agreement is signed, funds are sent via Interac E-Transfer, with sends going out every 20 minutes.
Yes. If you receive OAS along with GIS, CPP, or other eligible income, the combined amount counts toward your qualifying income.
You can borrow between $100 and $1,500, or up to 50% of your net income per pay period, whichever is lower.
OAS eligibility begins at age 65, so applicants using OAS as their income source are typically 65 or older. There is no maximum age to apply.
Repayment is scheduled on or after your next OAS payment date, typically the third-last business day of each month, the same date CPP is paid.
Currently we are licensed to lend only in Ontario and Saskatchewan.
Apply online in about 5 minutes. No branch visit, no paperwork, no credit check.
We comply with all government regulations in our service areas
No refinances, rollovers, or extensions
Clear terms on payments, fees, and implications of non-payment
