Frequently Asked Questions
Your Payday Loan Questions, Answered Clearly
Borrowing money is a serious decision. We believe you should have complete, honest answers before you apply — not after. Browse our most common questions below.
Applying & Eligibility
Any Canadian citizen or permanent resident who is 18 or older, earns at least $1,000/month, and holds an active bank account that accepts Interac E-Transfer can apply. Credit history is not a qualifying factor.
No. We do not perform a hard credit inquiry. No record of your application appears on your credit report. Your score is completely unaffected whether you're approved or not.
Most applicants complete the online application in 5 minutes or less. The form is straightforward — basic personal details, income source, and bank account information.
Yes. All government income sources are accepted — Employment Insurance, Canada Pension Plan, Ontario Disability Support Program, and others. The income just needs to total at least $1,000/month.
Yes. Self-employment income counts. Your bank account activity showing regular income deposits is the primary verification method.
Approval & Offers
Most decisions arrive within 2–5 minutes of submission. Our process is fully automated — no human review required — so there are no business-hours delays.
No responsible lending platform can guarantee approval for everyone. What CCFD guarantees is that every application is seriously reviewed and matched with the lender best suited to your situation.
Your offer clearly displays: the loan amount, the total fee in dollars, the Annual Percentage Rate (APR), the repayment date, and the repayment method. All of this before you sign anything.
Absolutely. You have no obligation to accept any offer. Declining carries no cost or penalty.
Funding & Repayment
Via Interac E-Transfer, directly to your bank account. Most applicants receive funds within 15 minutes of accepting their offer. The system operates 24/7.
On the date shown in your loan agreement — typically your next payday, between 14 and 31 days from your loan date. The repayment is automatically withdrawn from your account.
Contact your lender before the repayment date. Most lenders have options. Ignoring a missed payment results in NSF fees, additional lender charges, and potentially negative reporting — address it proactively.
Many lenders allow early repayment, often with a reduced fee. Check your specific loan agreement or contact your lender directly.
No. CCFD is a free referral service. You pay only the lender's fee, which is disclosed in your offer before you accept.
Ready to Apply? It Takes 5 Minutes.
Free application, no credit check, no obligation to accept your offer.