Skip to content

Notifications

Non-urgent government operations are closed December 24 to January 1, reopening January 2. See the list of services available during this time.

AI search tool

Try our new Search AI tool as an alternative to the search below to improve your experience on Alberta.ca using artificial intelligence. See the AISearch fact sheet for more information.

Popular topics:

Part of Tips and information

Payday loans

Information about how payday loans work in Alberta, including the annual Payday Lending Report and how to find out if a lender is licensed.

Overview

A payday loan is a loan of $1,500 or less. The term of the loan cannot exceed 62 days. Effective January 1, 2025 the maximum fee a payday lender can charge is $14 per $100, which includes all fees and charges related to the loan. A lender can charge additional fees if the loan is not paid on time.

Download the tipsheet on Payday Loans.

Payday Lending Report

The Payday Lending Report provides an overview of payday loan statistics during 2017, as reported by licensed lenders. An Act to End Predatory Lending was fully implemented in November 2016, meaning this report reflects the first full year of operations under the new legislation.

Payday Loans Regulation

The Payday Loans Regulation applies to every payday lender who offers, arranges, or provides a payday loan to a borrower in Alberta, either from a business location or on the Internet.

All payday lenders must have a Payday Loan licence. See if a payday lender is licensed.

Contact

Connect with the Consumer Contact Centre:

Hours: 8:15 am to 4:30 pm (Monday to Friday, closed statutory holidays)
Phone: 780-427-4088 (Edmonton and area)
Toll-free: 1-877-427-4088 (toll-free in Alberta)