FAQs
All the answers you need
To help you understand the potential costs of your payday loan, we provide a free online payday loan calculator. This tool allows you to estimate your total borrowing costs before applying. Simply enter your loan amount and repayment period, and the calculator will show you the estimated fees and total repayment amount. Try our payday loan calculator here to make an informed decision about your borrowing.
You have come to the right place! Credit Club does not run any credit checks as part of the application process.
Yes, you can cancel your loan within two business days of the issue date without any cost or fees — simply return the principal. To cancel your loan, simply email us at [email protected].
Credit Club does not process any credit checks.
To be considered for approval, you must:
- Have an active bank account
- Be at least 18 years of age
- Be currently employed for more than three months with the same employer
- Be a resident of Ontario, British Columbia or Nova Scotia
Your due date will normally be on your next payday or 14 days from the date the funds have been deposited into your bank account.
Once you have been approved for a loan we will notify you by email. You can expect a decision within one hour of submitting your electronic banking verification during our business hours.
During Holidays and weekends your application may be approved by our automated system. If you do not receive an answer within one hour, your application will be processed first thing on the next business day.
New customers may qualify for up to $500. Credit Club members can receive up to $1,500.
You will receive the funds by Email Money Transfer within 5 minutes of signing the loan agreement.
No. We do not offer refinances or offer new loans to pay off existing payday loans.
We will send an email three days prior to your due date reminding you that your loan is coming due. Your bank account will be automatically debited on the due date, so there's no need to send payment by mail.
If your payment is received after the due date, it will be considered late, and you might be charged an NSF fee.
Yes. You can pay off your loan at any time before your due date without extra fees or penalties. Simply send your payment by email money transfer to [email protected] and use your social insurance number as the answer to the security question (optional). Your balance is available in the member login area. Please make sure to send the email money transfer at least two business days prior to your payment due date or else your bank account may also be debited for the amount due.
The next business day.
Your password is your social insurance number.
Get your loan with these 4 easy steps
Apply online in minutes
Receive instant approval
Funded directly in your bank account
Repay upon your next payday
Lender licence
Ontario 4726568
British Columbia 64068
Nova Scotia 222985929
Fast - Simple - Secure
At Credit Club we are dedicated to providing you with a solution to meet your immediate money needs right from the privacy of your home.
As a licensed and responsible lender, we encourage you to review our sample borrowing costs below.
