Terms & Conditions

Welcome to the Mr. Payday Easy Loans Inc. website and online services (“Website”). These Terms of Service (“Terms”) constitute a legally binding agreement between you (“User,” “you,” or “your”) and Mr. Payday Easy Loans Inc. (“Mr. Payday,” “we,” “us,” or “our”), located at 3989 Henning Dr #214, Burnaby, BC V5C 6P8. These Terms govern your access to and use of the Website, including all of its pages, and all services offered by Mr. Payday through the Website (collectively, the “Services”), specifically payday loan services offered to residents of Canada.

PLEASE READ THESE TERMS OF SERVICE CAREFULLY. BY ACCESSING OR USING OUR WEBSITE OR SERVICES, YOU ACKNOWLEDGE THAT YOU HAVE READ, UNDERSTOOD, AND AGREE TO BE BOUND BY THESE TERMS OF SERVICE. IF YOU DO NOT AGREE WITH THESE TERMS OF SERVICE, YOU MUST IMMEDIATELY LEAVE THE WEBSITE AND DISCONTINUE USE OF OUR SERVICES.

By using our Website at any time, you are agreeing to these Terms of Service and our Privacy Policy, including our Cookie Policy as outlined in the Privacy Policy. It is your responsibility to review these Terms of Service and our Privacy Policy periodically for changes. If you apply for a loan, you will be asked to explicitly agree to these Terms of Service again.

Mr. Payday is a direct lender offering online payday loans to eligible residents of Canada. We provide short-term, unsecured loans designed to be repaid on your next payday. We offer only payday loans and do not provide any other type of loan, including installment loans or lines of credit.

The products and services offered through our Website are not available to people under the age of majority in their jurisdiction, or to people who are not legal residents of Canada. By using the Website, you are confirming that you are a legal resident of Canada. To be eligible for a payday loan from Mr. Payday, you must meet the following criteria:

• Age Requirement: Be of the age of majority or older in your province or territory of residence.
• Residency: Be a resident of Canada.
• Permanent Address: Provide a permanent address of residence within Canada.
• Income: Have a recurring monthly income of at least $1,200 from eligible sources, which include:
  • Employment income
  • Employment Insurance (EI)
  • Workers' Compensation Benefits (WCB, WSIB)
  • Canada Pension Plan (CPP)
  • Private Disability Payments
  • Canada Child Benefit (CCB)
• Bank Account: Possess an active Canadian bank account in your name where your income is deposited, and which has been active for a reasonable period as determined by Mr. Payday.
• Contact Information: Provide a reachable phone number.

Meeting these eligibility criteria does not guarantee loan approval. Loan approval is subject to our lending criteria and verification processes. Mr. Payday reserves the right to deny any application for any reason consistent with applicable laws and regulations.

The loan application process is entirely online and accessible 24/7 through our Website. You will be required to provide accurate, correct, and complete information in the application form. You confirm that all information you provide is accurate, correct, and complete, and that any documents submitted are genuine.

• Verification: Our application process includes instant banking verification provided by Inverite to confirm your bank account details and transaction history. By using this service, you authorize us to access and receive your banking history from Inverite. This banking information is used to:
  • Verify the details you have provided in your loan application.
  • Assess your creditworthiness and ability to repay the loan.
  • Facilitate the processing of loan repayments.
    By using Inverite for instant banking verification, you agree to their terms of service and privacy policy, which you are encouraged to review.
• Documentation: In most cases, you are not required to scan, email, or fax documents.
• Application Review: Applications are typically reviewed and processed on the same business day, often within a few hours during business hours (Monday to Friday: 10:00 AM – 6:00 PM PST, Saturday: 10:00 AM – 5:00 PM PST, Sunday: Closed).
• Application Tracking: You can track your application status through your personal customer page.

• Loan Amount: Loan amounts range from $100 to $1,500. The maximum loan amount you may be approved for will be the lesser of $1,500 or 50% of your paycheque amount.
• Loan Fee: The loan fee is $14 per $100 borrowed, as per provincial regulations in participating provinces.
• Repayment: Your loan, plus applicable fees, is due on your next payday. However, in certain provinces and qualifying situations, Mr. Payday adheres to provincial regulations that require repayment to be split into 2 to 4 installments. If you are eligible for such a repayment option based on your province and circumstances, this option will be made available to you for selection. Repayment will be automatically debited in a lump sum from your bank account on your agreed-upon payday(s). You are responsible for ensuring sufficient funds are available in your account on the repayment date, regardless of the repayment schedule selected.
• No Collateral: Payday loans from Mr. Payday are unsecured and do not require collateral.
• Credit Checks: Mr. Payday typically does not conduct traditional credit checks as part of the initial loan application process. However, Mr. Payday reserves the right to perform a credit check at its discretion, which may include for the purpose of reassessing your loan application or for collection activities on overdue accounts. While we generally do not rely on credit scores for initial approval, we may consider alternative credit information or banking history as part of our overall assessment, including information obtained through Inverite. Acceptance of applications from individuals with bad credit, no credit, or past bankruptcies is not guaranteed and is subject to our lending criteria.

Upon loan approval and completion of all necessary steps, loan funds are typically sent via email money transfer usually within 30 minutes of approval during business hours.

• Loan Fee: As stated in Section 5, the loan fee is $14 per $100 borrowed. This fee is compliant with provincial regulations in participating provinces.
• NSF Fee (Non-Sufficient Funds Fee): If a repayment debit from your bank account is returned due to non-sufficient funds (NSF), a minimum NSF fee of $20 will be charged for each returned payment, in addition to any fees charged by your bank. You are responsible for all NSF fees incurred.
• Consequences of Non-Payment: Failure to repay your loan as agreed may result in the following consequences:
  • Accumulation of Fees: NSF fees will apply for returned payments. Interest will continue to accrue on the outstanding principal balance at the legally permissible rate until the loan and all applicable fees are paid in full.
  • Collection Activities: Mr. Payday may undertake collection activities to recover the outstanding debt, which may include contacting you by phone, email, or mail.
  • Legal Action: In cases of persistent non-payment, Mr. Payday reserves the right to pursue legal action to recover the debt.
  • Reporting to Credit Bureaus: Non-payment of your loan may be reported to credit bureaus, which could negatively impact your credit history.
  • Credit Check for Collection: In the event of non-payment or overdue accounts, Mr. Payday may perform a credit check for the purpose of collection activities and debt recovery.

Payday loans are intended for short-term financial needs and are not a long-term financial solution. Borrowing should be undertaken responsibly. Consider whether a payday loan is the right option for your financial situation before applying. If you are experiencing ongoing financial difficulties, consider seeking financial advice or exploring alternative financial solutions.

Mr. Payday is committed to protecting your privacy and the security of your personal information. All information we collect on the Website is subject to our Privacy Policy. By using the Website, you consent to all actions taken by us with respect to your information in compliance with our Privacy Policy. We adhere to TLS best practices to ensure data security.

Mr. Payday may share, exchange, and verify any and all of your information with credit reporting agencies or any other parties for the purpose of processing your payday loan application.

• Privacy Inquiries: For any questions or concerns regarding your privacy, please contact our Privacy Officer at privacy@mrpayday.ca.

The Website and its entire contents, features, and functionality (including but not limited to all information, software, text, displays, images, video and audio, and the design, selection, and arrangement thereof), are owned by Mr. Payday Easy Loans Inc., its licensors, or other providers of such material and are protected by Canadian and international copyright, trademark, patent, trade secret, and other intellectual property or proprietary rights laws.

You are permitted to use the Website for your personal, non-commercial use only. You must not copy, modify, create derivative works of, publicly display, publicly perform, republish, download, store, or transmit any of the material on our site, except to:

• Store copies of such materials temporarily in RAM.
• Store files that are automatically cached by your web browser for display enhancement purposes.
• Print a reasonable number of pages of the Website for permitted personal, non-commercial use, provided that any printout includes Mr. Payday's copyright notice.

No right, title, or interest in any of the materials contained on the Website is transferred to you as a result of accessing, downloading, or printing such materials. You may not:

• Copy, modify, distribute, transmit, display, reproduce, publish, or license any part of the Website.
• Create derivative works from, link to, or frame in another website any part of the Website.
• Use any part of the Website on any other website without Mr. Payday's prior written consent.
• Reproduce, sell, or exploit for commercial purposes any part of the Website, access to the Website, or use of the Website or any services or materials available through the Website.

If you print, copy, modify, download, or otherwise use any part of the Website in breach of these Terms of Service, your right to use the Website will cease immediately, and you must, at our option, return or destroy any copies of the materials you have made. Mr. Payday reserves all rights not expressly granted in these Terms of Service. Any use of the Website not expressly permitted by these Terms of Service is a breach of these terms and may violate copyright, trademark, and other laws.

You may use the Website only for lawful purposes and in accordance with these Terms of Service. You agree not to use the Website:

• In any way that violates any applicable international, federal, provincial, or local law or regulation (including, without limitation, any laws regarding the export of data or software to and from Canada or other countries).
• For the purpose of exploiting, harming, or attempting to exploit or harm minors in any way by exposing them to inappropriate content, asking for personally identifiable information, or otherwise.
• To send, knowingly receive, upload, download, use, or re-use any material that does not comply with these Terms of Service.
• To transmit, or procure the sending of, any advertising or promotional material, including anything that falls into the category of “junk mail”, “chain letter”, “spam”, or any other similar solicitation.
• To impersonate or attempt to impersonate Mr. Payday, a Mr. Payday employee, another user, or any other person or entity (including, without limitation, by using email addresses associated with any of the foregoing).
• To engage in any other conduct that restricts or inhibits anyone's use or enjoyment of the Website, or which, as determined by us, may harm Mr. Payday or users of the Website or expose them to liability.

Additionally, you agree not to:

• Use the Website in any manner that could disable, overburden, damage, or impair the Website or interfere with any other party's use of the Website, including their ability to engage in real-time activities through the Website.
• Use any robot, spider, or other automatic device, process, or means to access the Website for any purpose, including monitoring or copying any of the material on the Website, without our prior written consent.
• Use any manual process to monitor or copy any of the material on the Website or for any other unauthorized purpose without our prior written consent.
• Use any device, software, or routine that interferes with the proper functioning of the Website.
• Introduce any viruses, Trojan horses, worms, logic bombs, or other material that is malicious or technologically harmful.
• Attempt to gain unauthorized access to, interfere with, damage, or disrupt any parts of the Website, the server on which the Website is stored, or any server, computer, or database connected to the Website.
• Attack the Website via a denial-of-service attack or a distributed denial-of-service attack.
• Otherwise attempt to interfere with the proper functioning of the Website.

To access certain features of the Website, you may be required to create an account and establish login credentials, including a username and password. You are responsible for maintaining the confidentiality of your login credentials and are solely responsible for all activities that occur under your account.

You agree:

• To maintain the strict confidentiality of your username and password.
• Not to share your account or login credentials with any other person.
• To monitor and control access to your account.
• To be fully responsible for any and all activities that occur under your account, whether authorized by you or not.
• To promptly notify Mr. Payday in writing at privacy@mrpayday.ca of any known or suspected unauthorized use of your account or any other breach of security.
• To exit from your account at the end of each session.

You should use particular caution when accessing your account from a public or shared computer to prevent others from viewing or recording your login credentials or other personal information.

Mr. Payday reserves the right to disable any user identification code, password, or account at any time in our sole discretion for any or no reason, including if, in our opinion, you have violated any provision of these Terms of Service. We will not be liable if for any reason all or any part of the Website is unavailable at any time or for any period. From time to time, we may restrict access to some parts of the Website, or the entire Website, to users, including registered users.

THE WEBSITE AND SERVICES, AND ANY CONTENT, ARE PROVIDED TO YOU ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT WARRANTY OF ANY KIND, WHETHER EXPRESS, STATUTORY, OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, QUIET ENJOYMENT, SYSTEMS INTEGRATION, ACCURACY, AND NON-INFRINGEMENT. MR. PAYDAY HEREBY DISCLAIMS ALL SUCH WARRANTIES.

MR. PAYDAY DOES NOT WARRANT THAT:

• THE SERVICES OR WEBSITE WILL BE UNINTERRUPTED OR ERROR-FREE.
• DEFECTS WILL BE CORRECTED.
• THE SERVICES OR THE SERVERS THAT MAKE THE SERVICES AVAILABLE ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS.
• THE CONTENT, INCLUDING ANY INFORMATION, IS ACCURATE, COMPLETE, CURRENT, OR RELIABLE.

MR. PAYDAY WILL NOT BE LIABLE OR RESPONSIBLE FOR ANY FAILURE OR DELAY IN UPDATING THE WEBSITE OR RELATED CONTENT. WE HAVE NO DUTY TO UPDATE THE CONTENT OF THE WEBSITE.

YOU ARE RESPONSIBLE FOR ANY CONSEQUENCES OF ACCESSING THE WEBSITE AND USING THE CONTENT AND SERVICES, AND FOR TAKING ALL NECESSARY PRECAUTIONS TO ENSURE THAT ANY CONTENT YOU MAY ACCESS, DOWNLOAD, OR OTHERWISE OBTAIN IS FREE OF VIRUSES OR ANY OTHER HARMFUL COMPONENTS. You are responsible for implementing sufficient procedures and checkpoints to satisfy your particular requirements for anti-virus protection and data accuracy, and for maintaining external means for the reconstruction of any lost data.

The foregoing does not affect any warranties that cannot be waived or limited under applicable law.

YOUR USE OF THE WEBSITE, SERVICES, AND CONTENT IS AT YOUR OWN RISK. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, MR. PAYDAY EASY LOANS INC., ITS DIRECTORS, OFFICERS, EMPLOYEES, AGENTS, LICENSORS, AND SUPPLIERS, SPECIFICALLY DISCLAIM ANY LIABILITY, WHETHER BASED IN CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY, OR OTHERWISE, FOR ANY:

• DIRECT, INDIRECT, INCIDENTAL, PUNITIVE, CONSEQUENTIAL, OR SPECIAL DAMAGES
• DAMAGES ARISING OUT OF OR IN ANY WAY CONNECTED WITH:
  • ACCESS TO, USE OF, OR RELIANCE ON THE WEBSITE, SERVICES, OR CONTENT (EVEN IF MR. PAYDAY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES)
  • MISTAKES OR OMISSIONS IN, OR DELAYS IN TRANSMISSION OF, INFORMATION TO OR FROM THE USER
  • ANY FAILURE OF PERFORMANCE, ERROR, OMISSION, INTERRUPTION, DELETION, DEFECT, DELAY IN OPERATION OR TRANSMISSION OR DELIVERY
  • COMPUTER VIRUS
  • COMMUNICATION LINE FAILURE
  • THEFT OR DESTRUCTION OR UNAUTHORIZED ACCESS TO, ALTERATION OF, OR USE OF RECORDS, PROGRAMS, OR FILES
  • INTERRUPTIONS IN TELECOMMUNICATIONS CONNECTIONS TO THE WEBSITE
  • VIRUSES

WHETHER CAUSED IN WHOLE OR IN PART BY NEGLIGENCE, ACTS OF GOD, TELECOMMUNICATIONS FAILURE, THEFT OR DESTRUCTION OF, OR UNAUTHORIZED ACCESS TO THE WEBSITE, SERVICES, OR CONTENT.

SOME JURISDICTIONS DO NOT ALLOW THE LIMITATION OF LIABILITY FOR CERTAIN DAMAGES, SO SOME OF THE ABOVE LIMITATIONS MAY NOT APPLY TO YOU. IN SUCH JURISDICTIONS, MR. PAYDAY'S LIABILITY SHALL BE LIMITED TO THE GREATEST EXTENT PERMITTED BY APPLICABLE LAW. IN NO EVENT SHALL MR. PAYDAY'S TOTAL LIABILITY TO YOU FOR ALL DAMAGES, LOSSES, AND CAUSES OF ACTION (WHETHER IN CONTRACT, TORT (INCLUDING NEGLIGENCE), OR OTHERWISE) EXCEED THE AMOUNT OF FEES YOU PAID TO MR. PAYDAY IN THE TWELVE (12) MONTHS PRECEDING THE EVENT GIVING RISE TO THE CLAIM, OR ONE HUNDRED CANADIAN DOLLARS ($100 CAD), WHICHEVER IS GREATER.

Without limiting other remedies available to Mr. Payday, if you breach these Terms of Service, we may take any action we deem appropriate, including but not limited to:

1. Formal Warning: Issuing a formal warning.
2. Suspension of Access: Temporarily or permanently suspending your access to the Website and Services.
3. IP Address Blocking: Blocking computers using your IP address from accessing the Website.
4. Contacting ISP: Contacting your internet service provider and requesting they block your access to the Website.
5. Legal Action: Bringing legal action against you for breach of contract or other violations.
6. Content Removal: Deleting or permanently blocking any content you may have generated or submitted to the Website.

The Website may contain links to third-party websites that are not owned or controlled by Mr. Payday. Mr. Payday has no control over, and assumes no responsibility for, the content, privacy policies, or practices of any third-party websites. You acknowledge and agree that Mr. Payday is not responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services available on or through any third-party websites.

Mr. Payday hereby disclaims any liability for:

• Any information, materials, products, or services posted or offered at any third-party sites linked to the Website.
• The accuracy, completeness, or reliability of any information contained on linked third-party websites.
• The privacy policies and security practices of third-party websites, which may differ from Mr. Payday's policies.
• Any failure of products or services offered or advertised at those websites.

Links to third-party websites are provided for your convenience only and do not constitute an endorsement or recommendation by Mr. Payday of any products, services, information, or content found on such websites. You access linked websites at your own risk.

If you have any questions about these Terms of Service or the Services, please contact us at:

Mr. Payday Easy Loans Inc.
3989 Henning Dr #214
Burnaby, BC V5C 6P8
Toll Free Phone: 1-877-432-2274
Email: privacy@mrpayday.ca