FAQ
What is a Payday Cash Advance?
A payday cash advance is one of the quickest and easiest ways to obtain a loan. It is short term loan that is solely based on the amount of your pay.
How much can I borrow?
The amount you can borrow depends on the amount of your net pay and at Simply Cash we loan up to 50% of your net pay*.
What are the Fees and Interest involved?
Due to legislation by the Ontario Government, there is no longer any interest associated with any payday cash advance. The most any Payday Cash Advance operator can charge is $21 per $100 borrowed. At Simply Cash our fees are only $20.95.
Can I cancel my Agreement?
Yes. At Simply Cash we give you up to two (2) business days to cancel your agreement. All you must do is pay back the principal or the amount borrowed and no fees will be charged.
How do I Apply?
Currently, all applications must be done in person. Please refer to the ‘Apply for a Loan’ page for the requirements.
What if I can’t pay?
At Simply Cash we understand that it might be difficult to make the payments as previously arranged. Please see our Legal section for options designed to help you if you ever find yourself in that situation.
If you require further assistance please feel free to contact us at 416-291-3242 or email info@simplycash.ca.
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