About Payday Loans

Payday loans are a convenient alternative to get cash for a short loan period against your next pay cheque. Although payday loans are high cost loans, they allow a customer with an active chequing account, direct deposit and a job to have access to funds in as little 30 minutes . Loan amounts are subject to net pay and other qualification requirements.

Why CoolCash Canada?

CoolCash Canada payday loans are only available to residents of Ontario, Canada. Our cost per $100 borrowed is $15, based on the allowable cost of borrowing in Ontario, but cost of loans can be significantly reduced if you pay off your loan early. Loan terms are available for a maximum 30 days for payday, 90 days for term and payments are due on scheduled income deposits. We offer short term personal loans and are not a credit repair service. Lending decisions and funding times are subject to system limitations. Downing St, CoolCash Canada only offers one loan at a time. APR Disclosure License # 4740849. To learn more about your rights as a payday loan borrower, contact the Consumers' Protection Office at 416-326-8800, (800) 782-0067 or at https://www.ontario.ca/page/payday-loan-your-rights