Life’s little surprises have a knack for showing up at the worst possible time. The car breaks down, the electric bill skyrockets or your favourite concert announces tickets right before payday. Whatever the situation, sometimes your wallet simply isn’t ready to keep up with reality. 

We’ve been there—staring at the bank balance and figuring out how many days you can survive on instant noodles.

If you’re in the same boat, don’t worry. Montreal has some reliable payday loan providers that can help when your budget is stretched thin. 

So, we’ve done the legwork to find options that are trustworthy, fair, and won’t leave you regretting your decision. 

How We Chose

1. 514Loans

Location: 225 Rue Chabanel O #1004

Contact: +1 844-508-2274

Operating hours:

• Monday to Friday – 10:00 AM to 6:00 PM

Website

We recently explored 514Loans, and we were delighted with our experience. 

Their fully automated loan management system is a major highlight. Many applicants can receive loan decisions in just a few minutes, with funding available the same day. 

But what makes them stand out is their inclusive approach. Unlike many traditional lenders, they don’t conduct credit checks. This is a breath of fresh air for individuals with less-than-perfect credit histories. 

We love that they offer instalment loans of up to $3,000, with repayment terms ranging from 90 to 120 days. This structure is more manageable than the lump-sum repayment model of conventional payday loans.

Plus, their interest rates are competitive. They offer an annual percentage rate (APR) between 22% and 32%. Compared to the eye-watering rates of 390% to 560% in payday lending, we found 514Loans to be a better option.

The online application process deserves a mention for its simplicity. Clients can easily complete the process from home by submitting basic personal information and required documents.

However, we did hear feedback from several clients who expressed frustration with slow customer support. It’s something to keep in mind when making your decision.

Solves problems effectively and with patience

“I would like to say that I highly recommend this company. I am very impressed with the way they solved my problem and was very patient when i was a bit stressed.  I want to thank John who personally took responsibility and was available everytime I called. Kudos to John and his staff on a job well done. I am most grateful.  Highly recommend.”

Tiger, Google Review

Ensures quick communication and responsiveness

“Great customer service! Helped me a lot when I needed the cash advance! Kept their word and Costa great job for the fast communication and keeping your word !! Awesome!!”

Shiann Maillet, Google Review

2. 24hr Cash

Contact: You may contact them here

Website

When we explored 24hr Cash in Montreal, we found it to be a straightforward option for addressing urgent financial needs—but not without its complexities.

Their promise of fast, online personal loans from $500 to $1,500 caught our attention. With interest rates starting at 9.99% and repayment terms between 90 and 180 days, it seemed like a flexible option. Their no-collateral, no-paperwork approach is definitely a stress reliever.

We tested their application process ourselves and found it impressively simple. Completing the online form takes minutes. The approval claim within 24 hours isn’t just a marketing line—several customers we spoke with confirmed the quick turnaround.

What stood out even more was their willingness to work with individuals who have low or no credit—a rarity in the loan industry. For some clients we spoke with, this flexibility was a complete game-changer.

But here’s where it gets interesting: a closer look revealed their Better Business Bureau (BBB) rating—a surprising D-.This isn’t exactly reassuring, as it hints at a history of unresolved complaints and dissatisfaction from previous clients.

Provides support when others won’t due to credit issues

“They helped me when no one else would because of my credit. Forever grateful.”

Eddie Q, Website Review

Ensures fast and efficient financial support

“Same-day funding, even on a weekend. These guys are legit.”

Jenny H, Website Review

3. Easyfinanciere

Location: Various locations in Montreal (Montreal-Nord, Ahuntsic, & Plateau-Mont-Royal)

Contact: You may contact them here

Operating hours:

• Monday to Friday – 10:00 AM to 7:00 PM
• Saturday – 9:00 AM to 5:00 PM

Website

If you’re searching for a personal loan that won’t have you jumping through hoops, we think Easyfinancière might be worth considering. 

They offer a range of loans from $500 to $20,000, with secured options scaling up to a staggering $100,000. Whether you’re facing an unexpected expense or planning a big purchase, they have a financial solution that could fit the bill.

One feature we found particularly appealing is their lightning-fast application process. They offer approvals in minutes and even promise same-day e-transfer deposits.

A distinguishing aspect of their service is their consistent reporting to major credit bureaus. This can help borrowers improve their credit scores by repaying loans on time.

With multiple locations in Montreal, they also offer in-person consultations for those who prefer face-to-face interactions. For the digitally inclined, their online platform makes managing loans a breeze.

However, we did come across reports of rude customer service experiences. While their loan process is quick and efficient, not all interactions are as pleasant.

Takes time to assess and listen to customer needs

“Amazing service ! Mr Taso took the time to assess my situation and listened to me. He really did put the work for me. He understood what I needed. Advices to better my credit and rebuild my credit. Very impressed. Thank you to the manager Mr Taso. 100% recommend easyfinancial Mont-Royal!”

Nante Diakite, Google Review

Offers excellent advice on improving financial situations

“Awesome service. Totally helpful by the office at the Mount Royal branch. I got great financial service from the branch manager. Mr Taso and excellent advice on how to improve my overall fiancial situation. A huge Thank you to Honorée for her help. I received my money all in the same day. Wow.”

Michael Cormier, Google Review

4. LoanMeNow

Location: 1250 René Lévesque Boulevard West

Contact: [email protected]. 

Operating hours:

• Monday to Thursday – 9:00 AM to 6:00 PM 
• Friday – 9:00 AM to 5:00 PM

Website

LoanMeNow is a fast and accessible option for short-term financial relief. They provide loans from $500 to $1,000 without traditional credit checks, focusing instead on employment and banking details.

When we tested their online application, the process was seamless and impressively quick. Approvals were often issued within an hour, and funds were deposited within 24 hours. For anyone in a pinch, this speed could be a lifesaver.

However, we found that their repayment terms are labelled as flexible but span only 84 to 90 days. For borrowers with tight budgets, this short window could feel restrictive. While some clients found repayments manageable, others admitted it added financial strain.

On the plus side, their customer support stood out. From our conversations, it was clear their team is professional and quick to assist with questions. This approach gave us confidence in the process.

We also appreciated the emphasis on security when handling sensitive information, which felt reassuring.

Helps during tough financial situations

“I fell on hard 3 times last year. I tried going to my bank to get a loan but because of my bad credit history, I was denied. If it were not for LoanMeNow I would have lost several things that are very important to me.”

Liam B, Website Review

Impresses with quick and excellent service

“I was very happy with the high level of service at LoanMeNow. Talk about fast and friendly service. Wow!”

Lea B, Website Review

5. Cash Depot

Location: 6000 Chem. de la Côte-des-Neiges bureau 250-F

Contact: +1 438-238-7792

Operating hours:

• Monday to Friday – 9:00 AM to 5:00 PM

Website

When we explored Cash Depot, we wanted to assess how well they deliver on their promise of quick, hassle-free short-term loans. 

They specialise in loans ranging from $300 to $3,000, providing support for those dealing with unexpected expenses or urgent bills. 

One aspect that immediately stood out was their no-credit-check policy. This is a huge plus for individuals who may have faced challenges with traditional lenders, addressing an important gap in the market.

We also found their application process to be straightforward. You can apply from the comfort of your home, whether it’s your couch or kitchen table. 

Approvals are often processed within 24 hours. Once approved, the funds are transferred directly to your account via deposit or e-transfer. It really keeps the process fast and seamless.

Another feature we love is their flexible repayment options. Cash Depot offers instalment loans with customisable terms. These let borrowers to manage payments in ways that fit their budgets. 

While there’s a lot to like, we did notice one drawback. Some customers mentioned longer-than-expected wait times for customer service responses, which could be improved.

Offers solutions and payment plans during financial difficulties

“Cash depot is a very helpful and a place you can count on to get a loan very fast without any hassle . They work with you to make sure its easy and even when you cant afford to make payments at times they are always there to work out a plan that helps.”

Nandrani Rivers, Google Review

Adopts a people-first mentality in all interactions

“This company works well with providing help when there’s problems beyond financial need. They are there to find a way to work with you to create a solution for your issues and have a person first mentality. They will work with you to help you get out of your situation and overall make a process of borrowing more than just a service. I would recommend the service due to the high customer service level.”

Dillon Cogan, Google Review