canPayday.ca: Payday Loans in Canada Resources

Quebec Payday Loan Laws

The maximum APR in Quebec is 35%, despite lobbying efforts, Quebec has held strong in resisiting industry pressures to alter the maximum interest rates.

The catch with these rules is that many people in Quebec just resort to online lenders to avoid local loan providers.

Quebecers do not have access traditional brick and mortar Payday Lenders. But they do have a number of similar businesses that will provide cash advances/personal loans and products very similar to payday loans.

Montreal Based Lenders

Money Mart operates as Insta-Chèques in Quebec, and primarily focuses on cheque cashing, electronic bill payment, cash for gold/silver and money transfers. As expected fees for their service are very high, and all consumers are encouraged to use a traditional bank instead. Similar Montreal Providers are:Prêt A Tout, and North Star Brokers. Similar companies operate in Quebec City, Sherbrooke, Gatineau, as well as many other small towns and cities.