Payday Loans Saskatoon

Even if you have a stable income and a regular job, do you still find yourself struggling for money halfway through the month due to unpaid bills and unexpected emergencies? If so, consider applying for a hassle-free payday loan from Cash Depot. We offer a variety of loans to meet your needs.


Payday loans in Saskatoon and payday loans in Saskatchewan can help you pay for unforeseen emergencies, and it can help you avoid late payments on your monthly bills. 

What is a Payday loan in Saskatoon and Saskatchewan?

Payday loans, also known as short-term loans, offer a quick financial solution for unforeseen circumstances. You can obtain an online payday loan in Saskatchewan from Cash Depot. One of the critical features of online payday loans in Saskatchewan is that you only have to repay the loan when you receive your next salary.

Can I Depend on a Payday Loan?

Payday loans in Saskatchewan are short-term solutions for unforeseen and urgent expenses. Thousands of Canadians use payday loans to deal with their emergencies. Cash Depot offers a straightforward loan application process with few document requirements that make it easy to receive your loan.

How Can I Qualify for a Payday loan?

The traditional financial system has a long list of criteria you need to meet to qualify for a loan. For a payday loan in Saskatoon, we only need the following documentation:

  • Three months bank statements;
  • Two months payslips;
  • Proof of residency (you must have been living there for more than six months);
  • Two ID photos and proof of SIN.
Although we need you to meet the minimum requirements for loan approval, unfortunately, we cannot approve a loan application for someone under bankruptcy or wage garnishments. Therefore, it’s best if you ensure that:

  • You have a stable income;
  • You have few or no bad debts attached to your accounts;
  • You have little to no extra debts that can stop you from paying back your loan.

You also need to have had a valid chequing account in your name for longer than three months to transfer the funds into your account via Direct Deposit or cheque once the loan application is approved.

How Can I Apply for a Payday Loan in Saskatoon?

To apply for online payday loans in Saskatoon, you can fill in an online loan application in three easy steps:

  1. Fill in your personal and employment information and the amount needed, ranging between $300 and $3000;
  2. Once your application is received, you’ll receive a loan contract, which you need to sign and return to us;
  3. Your funds will be deposited into your account once the loan application has been approved.

Please note that once we receive your loan application for online payday loans in Saskatoon, someone in our team of lenders will contact you via email or phone. Our operating hours are from Monday to Friday between 10 am and 6 pm (EST). Loan applicants who submit applications during operating hours will be contacted within an hour. If an application is received before 11 am (EST), the funds will be paid into your account on the same day. Applications received after 11 am (EST) will be paid within 24 hours.

Online Loan Repayment Plan

Our interest rates for payday loans in Saskatoon are lower than our competitors, at only 18%. Depending on the loan and contract terms and conditions, your repayment plan can be between 6 months and two years. E.g., if you loan $300 and have to repay the loan in 6 months, you can pay $46,22 (which includes all fees) per week or $184,88 per month.

What Will Happen if I Miss an Instalment?

We understand that circumstances can change, so if you know that you won’t be able to make a payment on your payday loan you must inform us 48 hours in advance. However, failure to do so will result in additional interest added to your repayment amount.

Applying for a Payday Loan in Saskatoon

Like every other financial decision you make, you have to do your homework before applying for any kind of loan. Firstly, draw up a budget and outline all your debts (long-term and short-term) and make sure you have enough money left to pay for an additional account or loan. Once you have that figured out, try and apply for a loan that will not require a hefty interest rate and one that is within your budget. 

Rely on Cash Depot!

Cash Depot has been helping Canadians with their debts for more than 12 years. Become a Cash Depot client and take advantage of our various loan options. We don’t charge any fees upfront, and we don’t run any credit checks before approving your loans. All residents in Saskatoon and Saskatchewan, and surrounding Canadian areas, can apply for a payday loan if they meet the lending criteria outlined above.

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