Loans London explains payday and installment borrowing for people who earn their pay in London, Ontario and the towns around it, from Byron out to Woodstock. The pages carry the Ontario numbers that matter: $14 per $100 as the top cost of a payday loan, one repayment on your next pay date, two business days to cancel. No loan is made here, and no reader ever pays us.
What this site is
This site is a set of plain pages about the two loans a London borrower meets online, plus a single apply link that reaches licensed Ontario lenders. Under Ontario law a payday loan runs $100 to $1500, costs at most $14 per $100 and leaves your account in one debit on the next pay date, never more than 62 days out. An installment loan runs $500 to $10000 and repays monthly over 3 to 60 months at 18% to 35% APR.
The pay calendar usually picks between them. A hydro bill landing a week ahead of a biweekly hospital deposit is one paycheque's problem. A furnace giving out in a Wortley Village century home, or the weeks an Ingersoll family covers between a layoff notice and the first cheque from a new job, runs past a single pay period and points to the installment page.
How we earn money
A referral fee from a lender is this site's whole income, and it is paid only after a loan that started at our apply link has funded. The borrower never pays it, and it cannot raise a price the law already caps at $14 per $100 or 35% APR. A declined application earns us nothing, and neither does a loan cancelled inside Ontario's two business day window.
Because the fee follows funded loans, our interest sits with applications a lender will accept, not with the largest figure we could print. The referral disclosure covers every detail.
Who runs it
An independent Canadian publisher owns Loans London alongside a small number of other local loan guides. Every page is written and checked by the Loans London Editorial Team; nobody on it lends, brokers or gives advice, and no lender reads a page before it goes live. Our sources are the Payday Loans Act, 2008, Consumer Protection Ontario and the federal Criminal Interest Rate Regulations. You will find no reviews, ratings or testimonials anywhere on the site.
What we hold ourselves to
Before a page is published it has to pass this list.
- Costs are quoted at the legal ceilings: $14 per $100 on a payday loan, $1500 and 62 days as the Ontario limits, 50% of net pay as the most a lender may advance, 35% APR as the federal top for installment lending.
- Repayment reads the Ontario way: one debit on the next pay date, with the extended payment plan on a third loan within 63 days as the single exception.
- Approval is described as what it is, a decision the lender makes from your employment deposits, never a promise.
- The Act's protections appear as written: a licence for every lender and every location, online included; cancellation at no cost within two business days; no rollovers; no second loan while one is open; age of majority 18.
- London appears as it really pays: biweekly deposits at the hospitals, Western and Fanshawe, rotating plant shifts on Oxford Street East and off Wilton Grove Road, seasonal wages in the ring towns, and heating bills that jump when lake effect snow comes off Lake Huron.
- Each stated rule carries a link to the statute or the regulator, so nothing has to be taken on trust.
What we are not
Loans London is not a lender, so no licence under the Payday Loans Act attaches to it; licences belong to lenders and to each location they lend from, online operations included. No page here asks for a bank login, a pay stub or a piece of identification. All of that happens on the application platform behind the apply button, where every participating lender carries its own Ontario licence. Consumer Protection Ontario lists what a licensed lender owes you and hears the complaint when one falls short.
There is no Loans London office on Dundas Place or anywhere else; the whole process fits on a phone, on an LTC bus down Richmond Street, in a Victoria Hospital break room or at a kitchen table in White Oaks. To reach us, use the contact page. For the four application steps read how it works, and the FAQ takes the rest.
Loan options in London
One page per product: who qualifies, how fast it funds and what to check before you sign.
