Quebec is the only province where payday loans are effectively banned — provincial law caps ALL consumer credit at 35% APR (including payday). No licensed payday lender operates legally in QC. Replacement: Desjardins (Canada's largest CU), Big-6, and strong online lenders for $500-$50,000 personal loans at 9.99-35%.
Click any product to see the lenders, rates, and how to apply in Quebec.
Desjardins is Canada's largest CU (7.5M members) and dominates QC. Best rates for members. Banque Nationale also strong.
→Strict 35% APR cap means fewer subprime lenders than other provinces. easyfinancial, Fairstone (Montréal HQ) serve QC at the cap.
→Mogo, Fairstone (Montréal HQ), goeasy. The 35% cap protects QC borrowers from worst predatory rates.
→Desjardins has best member rates. Stack credit card debt into one fixed payment under the 35% cap.
→Desjardins, Banque Nationale, Big-6 all offer. Caisses populaires (Desjardins branches) in every QC town.
→Three ways homeowners in Quebec access mortgage capital — from buying a first home to tapping equity at sub-5% rates.
Nesto is Montréal-based, est. 2018. Desjardins + Banque Nationale + Big-6 all serve QC. Most affordable major-city mortgages.
→ Read moreBig-6 + Desjardins offer HELOC at Prime + 0.50%. Same product as ROC.
→ Read moreLess common than ON because the 35% cap limits private lender margins. Fisgard + smaller QC-based MICs.
→ Read moreWhen you need a loan built around what you're buying — not a generic personal loan.
Desjardins + Banque Nationale dominate. LendCare for subprime. SAAQ insurance fees add ~$700/year.
QC has its own Aide financière aux études (AFE) — separate from federal Canada Student Loans. Lower-interest than other provinces.
Banque Nationale and Desjardins have strong newcomer packages. Bilingual service is standard.
Desjardins is #1 SMB lender in QC. BDC + Investissement Québec + Big-6. Strong support for QC-based startups.
Quebec is the only province where payday loans are effectively banned. The Loi sur la protection du consommateur caps ALL consumer credit at 35% APR — including short-term loans. Since payday lenders make 300-400% APR elsewhere, none can operate profitably in QC. The result: fewer predatory loans, but also fewer emergency-cash options. Quebecers use installment loans, lines of credit, or credit-card cash advances instead.
Cost per $100 borrowed for 14 days · QC has none
These aren't separate loan types — they're how the loans above get delivered. Same-day and e-Transfer "loans" are almost always payday or installment loans wired through Interac after approval. Listed for clarity.