Phone:
+(905) 318-6953Email:
support@faircash.caLocation:
1165 Fennell Avenue East, Hamilton, ON L8T 1S3
Platform Guide
A Step-by-Step Guide to Finding Short-Term Loan Options in Canada
Fair Cash Loans
Fair Cash Loans is a loan comparison and referral platform. This means we are the connection between you and licensed lenders — not the lender itself.
When you submit an application on our site, we review your information and match it against lenders in our network who may be able to help. If a match is found, that lender reviews your application independently and decides whether to make you an offer. We do not influence that decision.
Our platform is free to use. We earn a referral commission from lenders when you submit an application through our site, but this never affects the terms of any loan offer you receive.
The Process
Eight clear steps — from filling out your application to repayment. No surprises.
Visit faircash.ca and complete the secure online application form. You'll be asked for basic personal information, your income details, and your bank account information. The form takes under 3 minutes.
Our platform reviews your application and identifies licensed lenders in our network who may be a match. This happens within minutes of submission.
If lenders are willing to proceed, you'll see their offers with full disclosure of loan amount, fees, total repayment amount, and repayment date. All fees are shown before you agree to anything.
You are never obligated to accept any offer. You can take your time, compare offers, or decline entirely. There is no fee for declining and no impact on your credit score.
If you choose to accept an offer, you'll complete the lender's loan agreement digitally. Read it carefully — the agreement is a binding contract between you and the lender.
Once the lender approves and processes your application, they send funds directly to your bank account via Interac e-Transfer or direct deposit. Timing varies by lender and bank.
Repay the full amount (principal + fees) on the date specified in your loan agreement, typically your next payday. Most lenders collect via pre-authorized debit from your bank account.
If you cannot repay on time, contact your lender before the due date. Depending on your province, you may have rights to request an extended repayment plan.
Provincial Fee Caps
Before applying, use the table below to understand what a payday loan could cost based on your province and loan amount. These are illustrative examples based on maximum provincial fee caps.
| Loan Amount | Province | Max Fee / $100 | Total Fees | Total Repayment |
|---|---|---|---|---|
| $300 | Ontario / BC / Alberta | $15 | $45 | $345 |
| $500 | Ontario / BC / Alberta | $15 | $75 | $575 |
| $1,000 | Ontario / BC / Alberta | $15 | $150 | $1,150 |
| $500 | Nova Scotia | $19 | $95 | $595 |
| $500 | Manitoba / Saskatchewan | $17 | $85 | $585 |
After You Apply
Borrower Protections
Before signing any loan agreement, you have the right to:
Receive a written loan agreement with all fees, the repayment date, and total cost clearly stated.
Decline any offer with no penalty and no effect on your credit score.
Ask questions about any part of the agreement before signing.
Cancel the loan agreement within the cooling-off period in provinces where this applies (e.g., Alberta).
Common Questions
Fair Cash Loans is a loan comparison platform, not a direct lender. We connect users with licensed third-party lenders and may earn a referral commission if you apply through our site. Loan approval, amounts, fees, and funding timelines are determined solely by the lender. All loans are subject to credit and affordability assessment. Loan amounts typically range from $300 to $1,500 with repayment terms from 4 to 12 months. APRs range from 23.99% to 59.96%. Example: A $500 loan repaid over 9 months costs approximately $81.15/month for a total of $730.35. This page is for informational purposes only and does not constitute financial advice.
