Payday Loan Plus (paydayloanplus.ca), operated by Lineura Canada Inc., is a Canadian online payday lender offering $50 to $1,500 with terms of 3 to 62 days. A loan calculator on its site shows a rate of $14 per $100 borrowed, the federal legal maximum, but the site doesn’t display a specific provincial payday licence number or publish its APR. On a $500 loan repaid in 14 days, that rate means $70 in fees and roughly 365% APR.
Key Takeaways
- Payday Loan Plus offers $50 to $1,500 loans with repayment terms of 3 to 62 days, funded within about one hour (claimed).
- A calculator on the site shows $14 per $100, the legal cap across all provinces except Quebec as of January 1, 2025. The APR isn’t published.
- No provincial payday licence number is visible on the website, even though licensed lenders are generally required to display one.
- A $500 loan at $14/$100 costs $70 in fees, with a total repayment of $570, which works out to about 365% APR over 14 days.
- Cheaper alternatives include earned wage access apps like NotchUp ($5 flat fee for up to $1,500, licensed in BC under #86443) and other cash advance options starting at $0.
This review reflects publicly available information from paydayloanplus.ca and Canadian payday lending regulations as of September 2026. Fees, licensing, and availability can change. Confirm the lender’s current licence status and total cost of borrowing in writing before you apply.
$5
Flat fee, any amount
15 min
Via Interac e-Transfer
0
No credit check required
What Is Payday Loan Plus?
Payday Loan Plus is a Canadian payday loan website that presents itself as a direct lender. It’s operated by Lineura Canada Inc., based at 900, 903 8 Ave SW, Calgary, AB, T2P 0P7.
Based on information published on paydayloanplus.ca:
- Loan amounts: $50 to $1,500
- Term: 3 to 62 days
- Funding speed: About one hour after approval (claimed)
- Income accepted: Employment income, CPP, EI, and Canada Child Benefit
- Availability: The site lists provinces including Alberta, British Columbia, Ontario, Manitoba, Saskatchewan, and several others, but some show “Coming Soon,” making actual availability unclear
The willingness to lend against government benefits like CPP, EI, and the Canada Child Benefit is the part that stands out, and it’s also where the risk is highest.
What Does Payday Loan Plus Cost?
A loan calculator on paydayloanplus.ca shows a sample: $250 borrowed, $35 in total fees, $285 total repayment. That works out to $14 per $100, the legal maximum in every province except Quebec.
What the site doesn’t publish is the APR, or a clear cost-of-borrowing breakdown beyond that single calculator. Licensed payday lenders in Ontario, Alberta, and British Columbia are required to disclose the total cost of borrowing, including the APR, before you sign a loan agreement. The absence of that disclosure on the website doesn’t mean it won’t be shown at the application stage, but it does mean you can’t compare the real cost before you start sharing your personal information.
At $14 per $100, a $100 loan costs $14 in fees, a $250 loan costs $35, a $500 loan costs $70, a $1,000 loan costs $140, and a $1,500 loan at the maximum costs $210. Over a 14-day term, each of those works out to roughly 365% APR. To get a sense of what that APR actually means in practice, a $500 payday loan at the legal max costs $70 over two weeks. The same $500 through a cash advance app like NotchUp costs $5, total repayment $505.
The licence question
The site claims to be a “Provincially Licensed Payday Lender” and “Fully authorized and regulated,” but it doesn’t display a specific licence number from any province. Licensed payday lenders in Canada are generally required to display their licence information. You can search for licensed payday lenders through Consumer Protection BC or contact your provincial consumer affairs office to verify a lender’s status.
Before applying, confirm the licence and the exact total cost in writing for yourself.
Why Borrowing Against Benefits Is Riskier
Payday Loan Plus accepts CPP, EI, and Canada Child Benefit as qualifying income. That sounds flexible, but benefit income is usually fixed and tightly budgeted.
When a payday loan fee comes out of your next EI or CPP deposit, the money that was meant for groceries and rent is now smaller. That’s the situation that pushes people into a second loan to cover the hole left by the first, which is how the payday loan cycle starts.
None of this means a short-term advance is always the wrong choice. It means the cost matters more, not less, when you’re borrowing against benefits. A lender that doesn’t clearly show you the full cost up front is one to approach carefully.
Key Takeaway
Payday Loan Plus offers $50 to $1,500, but it does not publicly publish its fees, APR, or a visible payday licence. If it charges the legal maximum, $500 would cost about $70. Confirm the licence and the exact cost in writing before you apply.
Payday Loan Plus vs NotchUp
| Feature | Payday Loan Plus | NotchUp |
|---|---|---|
| Cost on $500 | $70 at $14/$100 (per site calculator) | $5 flat fee |
| Speed | About 1 hour (claimed) | About 15 minutes via Interac e-Transfer |
| Credit check | Not clearly disclosed | No credit check |
| Cost transparency | Calculator shows $14/$100; APR not published | One flat $5 fee, shown up front |
| Income accepted | Employment, CPP, EI, Canada Child Benefit | Employment, freelance, EI, CPP, ODSP (with employment income) |
| Product type | Payday loan with interest | Earned wage access, not a loan |
The headline difference is the fee. A flat $5 covers any NotchUp advance from $50 to $1,500, versus up to $210 in fees on a $1,500 payday loan at the legal cap. NotchUp is licensed in BC (#86443) and regulated by Consumer Protection BC, and operates in Ontario, Alberta, British Columbia, Manitoba, and Saskatchewan.
That said, an advance covers a timing gap. It isn’t a solution for an ongoing budget shortfall. If you’re regularly short before payday, the cheaper option still matters, but it’s worth looking at the underlying budget too.
Cheaper Alternatives
If you need money before payday, these options cost less than a payday loan at the legal maximum of $14/$100:
- NotchUp: $50 to $1,500 for a flat $5 fee. Funding by Interac e-Transfer in about 15 minutes, no credit check, no SIN required. Works with employment, freelance, EI, CPP, and ODSP (with employment income). Available in ON, AB, BC, MB, and SK.
- Bree: Up to $750 at 0% interest. Optional $2.99/month membership. Not currently accepting new customers in QC, SK, NS, or NB.
- Nyble: Up to $250 with no interest or late fees. Reports payments to credit bureaus, which helps build credit history. Optional $11.99/month premium for faster funding.
- Billing extensions: Most Canadian utilities and telecom providers offer payment deferrals if you call before the due date. There’s no fee for asking.
- Promotional 0% credit card offers: If you have a credit card with an active 0% promotional rate, that’s cheaper than any payday loan, but watch the rate when the promo ends.
For a full comparison, see the best cash advance apps in Canada (2026).
Frequently Asked Questions
Is Payday Loan Plus legit?
Payday Loan Plus (paydayloanplus.ca) presents itself as a Canadian direct lender operated by Lineura Canada Inc. in Calgary, Alberta. The site claims to be provincially licensed but doesn’t display a specific licence number. Licensed payday lenders are generally required to disclose their licence. Before sharing your banking details, confirm the lender’s licence status through your provincial consumer affairs office.
How much does Payday Loan Plus charge?
Payday Loan Plus’s calculator shows $14 per $100 borrowed, the federal legal maximum. On a $500 loan repaid in 14 days, that’s $70 in fees and a total repayment of $570, which works out to roughly 365% APR. The APR itself isn’t published on the site, so ask for the full cost-of-borrowing disclosure in writing before you sign.
Does Payday Loan Plus do a credit check?
Payday Loan Plus doesn’t clearly disclose its credit check policy on the site. Some payday lenders run soft checks that don’t affect your score, while others don’t check at all. If avoiding a credit check matters to you, NotchUp doesn’t run one.
How fast is Payday Loan Plus funding?
Payday Loan Plus claims funding in about one hour after approval. For comparison, NotchUp sends funds by Interac e-Transfer in about 15 minutes, around the clock.
Can I get a Payday Loan Plus loan on EI or CPP?
Payday Loan Plus lists CPP, EI, and Canada Child Benefit as accepted income types. Borrowing against fixed government benefits at payday loan rates ($14/$100) can tighten an already tight budget, though. If you’re on benefits and need a short-term advance, a $5 flat-fee option costs significantly less.
What is cheaper than Payday Loan Plus?
For most people who need to bridge to payday, earned wage access is the cheapest route. NotchUp charges a flat $5 for any advance from $50 to $1,500, versus up to $70 on a $500 payday loan at the legal cap. Bree offers up to $750 at 0% interest, and Nyble goes up to $250 with no fees. See the full comparison of cash advance apps for details.
Is Payday Loan Plus available in my province?
Payday Loan Plus’s site lists provinces including Alberta, British Columbia, Ontario, Manitoba, and Saskatchewan, along with several others, but some show “Coming Soon.” Quebec effectively bans payday lending by capping interest at 35% APR. Confirm availability for your province directly with the lender before applying.
What should I check before applying for any payday loan?
Before applying with any payday lender, confirm three things: that the lender holds a valid licence in your province, the total cost of borrowing in writing (fees, interest, and APR), and the exact repayment date and terms. The Financial Consumer Agency of Canada’s payday loan page explains what to look for.
This article is for informational purposes only and doesn’t constitute professional financial advice. If you’re experiencing financial difficulty, consider contacting a licensed insolvency trustee or a non-profit credit counselling agency for free, confidential support.
