Online loans in Ontario — no credit check, same-day funding
As Canada's most populous province, Ontario has a well-developed short-term lending market and some of the country's strongest consumer protections for borrowers. Captain Cash has been serving Ontario residents since 2015, offering a flexible installment alternative to payday loans across the province.
APR 23% · Free to apply · No obligation · Not available in QC, MB, or SK
What Ontario borrowers need to know about installment loans
As Canada's most populous province, Ontario has a well-developed short-term lending market and some of the country's strongest consumer protections for borrowers. Captain Cash has been serving Ontario residents since 2015, offering a flexible installment alternative to payday loans across the province.
Ontario's Consumer Protection Act governs short-term lending. Payday lenders are capped at $14 per $100 borrowed — the lowest cap in Canada. Captain Cash is an installment lender with repayment spread over 90–150 days rather than a single lump sum at next payday.
Captain Cash is a direct installment lender — not a broker — licensed to lend in Ontario since 2015. Every application is reviewed by our Halifax-based team of 50. Your information is never shared with third-party lenders.
Ontario payday cap: $14 per $100
Captain Cash is an installment lender — a different product category. Our APR of 23% and full repayment schedule are disclosed before you sign.
Installment vs. payday in Ontario
Unlike payday loans that demand lump-sum repayment in 14–31 days, Captain Cash spreads repayment over 90–150 days in scheduled installments aligned to your pay cycle.
Licensed Ontario lender since 2015
Captain Cash is rated 4.6/5 on Trustpilot with 50,000+ customers served. Our Halifax team handles every Ontario application in-house — no call centres, no third parties.
Get an installment loan in Ontario — 3 steps
From application to funded account — everything happens online, in your own time.
Apply online in 5 minutes
Complete the secure online application — personal details, income information, and banking details. No documents to fax, no branch to visit. Available 24 hours a day from anywhere in Ontario.
Same-day decision from our team
Our Halifax team reviews your application during business hours — assessing income and banking stability, not your credit score. Most Ontario applicants receive a decision within the hour.
Receive funds by Interac e-Transfer
If approved before 2 PM ET on a business day, funds arrive the same day by Interac e-Transfer — to the bank account on your application. Review your repayment schedule and sign electronically.
Eligibility for a Captain Cash loan in Ontario
Our income-based model is open to Ontario residents who meet these minimum requirements.
You must:
Income sources we accept:
We do not accept:
Approval subject to eligibility verification. Meeting minimum criteria does not guarantee approval.
Full cost of borrowing in Ontario
APR 23% on all Captain Cash loans. Every cost disclosed before you sign — no hidden fees.
| Loan amount | APR | Term | Approx. total repayment |
|---|---|---|---|
| $500 | 23% | 90–150 days | ~$750 |
| $600 | 23% | 90–150 days | ~$900 |
| $700 | 23% | 90–150 days | ~$1,050 |
| $800 | 23% | 90–150 days | ~$1,200 |
| $900 | 23% | 90–150 days | ~$1,350 |
| $1,000 | 23% | 90–150 days | ~$1,500 |
APR 23% on all loans. Repayment weekly, bi-weekly, or monthly — aligned to your pay cycle. NSF fee: $45. Deferral: $25 with 48-hour notice. No application fee. No prepayment penalty. Full schedule shown before you sign. Borrow responsibly.
Common questions about loans in Ontario
Yes. Captain Cash does not perform a credit check. We assess your income and banking stability instead. If you earn at least $1,200/month by direct deposit and have a stable bank account, you may qualify regardless of your credit score. Learn more about our bad credit loans.
The application takes about 5 minutes. Our team reviews applications during business hours — most Ontario applicants receive a decision within the hour. If approved before 2 PM ET on a business day, funds arrive by Interac e-Transfer the same day.
No. Captain Cash performs no hard credit inquiry. Your credit file is never accessed, and your score will not change as a result of applying. We assess income and banking stability instead. Learn more about our no credit check loans.
All Captain Cash loans carry APR 23%. A $500 loan repays approximately $750 over 90–150 days. A $1,000 loan repays approximately $1,500. The full repayment schedule — every payment, every date — is shown before you sign. No hidden fees.
Employment income is required for your first Captain Cash loan. After successfully repaying your first loan, Employment Insurance (EI) is accepted as a valid income source for renewals. You must provide documentation confirming your EI claim.
Yes. Online lenders operating in Ontario are subject to provincial consumer protection legislation. Captain Cash is licensed to lend in Ontario and complies with applicable provincial requirements. As an installment lender rather than a payday lender, our products operate under different rules — APR 23% disclosed before you sign.
