What this site is
This site is a chooser: one guide that sets the two small loans Saskatoon lenders write side by side so you can tell which one fits before you fill in a form. A payday loan covers $100 to $1500 at $14 per $100 and comes out of your next paycheque. An installment loan covers $500 to $10000 at 18% to 35% APR over 3 to 60 months. This site shows the price of both for the same bill.
Every page is written for one city. The counters along 8th Street East and 22nd Street West, the potash and hospital pay cycles, the battery that dies in a Confederation Mall parking lot in January: these decide which loan makes sense here, so they are on the page. Each product page carries its own cost table.
How we earn money
We earn a referral fee from a lender when a loan funds, and that is the only income the site has. The fee is paid from the lender's side. It does not raise your fee, your APR or your repayment, and if your application does not fund nobody pays anything.
A fee that only arrives on a funded loan gives us one incentive: send you to a lender that will approve you and get repaid. A loan that goes to collections earns us nothing, so we have no reason to push an amount you cannot carry on the next cheque.
Who runs it
The site is run by an independent Canadian publisher that operates a small number of local loan guides. The people who write and check these pages are not lenders, brokers or financial advisers. We read The Payday Loans Act, the FCAA's guidance and the lender agreements, and we put the numbers in plain tables.
There are no reviews, testimonials or star ratings on this site. A stranger's rating cannot tell you what $500 costs on a two week term; the cost table can, and it says $70.
What we hold ourselves to
- Every figure follows the current law: $14 per $100 on a payday loan, a $1500 ceiling, a 62 day maximum term, and 35% APR as the federal criminal rate for other lending.
- Approval is described as income based and is never promised. A lender that has not seen your bank deposits cannot know whether it will lend, and neither can we.
- The Saskatchewan protections are stated as they are: an FCAA licence for every payday lender, cancellation by the end of the next business day, a ban on rollovers, a loan no larger than 50% of the net paycheque it comes from, and an age of majority of 18.
- Saskatoon detail is there because it changes the answer. A mine rotation paid biweekly and a part time campus job paid semi monthly need different loan sizes.
- Pages link to the FCAA or the Financial Consumer Agency of Canada so you can check us against the source, and when a figure changes, the "last updated" date at the top changes with it.
What we are not
We are not a lender and we hold no payday lender licence, because we do not lend. Nothing on this site collects your banking details, your identification or your income. The application behind the apply button belongs to the lending platform we work with, and the lenders on that platform hold the Saskatchewan licences. To confirm a lender before you sign, search its legal name on the Financial and Consumer Affairs Authority of Saskatchewan site.
The contact page explains how to reach us and which questions belong with the lender or the regulator instead. To see the four steps of an application before you start, read how applying works.
Our loan options in Saskatoon
One page per product, each with its own cost table and who qualifies.
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