Home / Installment loans by province / Saskatchewan
Installment loans in Saskatchewan
Borrow $300 to $3,000 and repay it over three to four months, in payments that match your pay schedule. Bad credit can still be approved.
Reviewed November 5, 2026 by the 911cash team. Rules come from official provincial and federal sources, listed at the end of this page. Dollar figures are examples for illustration only.
In short
Bad credit doesn't rule out an installment loan in Saskatchewan. Apply once with 911cash and lenders in our network can offer $300 to $3,000, repaid over 90 to 120 days at 22% to 32% APR. The province has no separate high-cost credit regime, but its cost of credit rules mean you see the APR and the total cost before you sign, and you can repay early with no penalty. Saskatchewan payday loans can cost up to $14 per $100: on $500, $570 is due on your next payday.
Getting an installment loan in Saskatchewan, step by step
- Apply once. The 911cash application takes about five minutes on a phone or computer, from anywhere in Saskatchewan.
- A lender reviews it. We pass your application to lenders in our network. One that can help contacts you and asks you to complete Instant Banking Verification, a read-only look at your recent transactions. There are no documents to upload.
- Read the contract. The lender shows you the rate, every fee and the total you'll repay before you agree to anything.
- Get the money. Funds are deposited once you sign, often the same day.
911cash is not a lender. The lender that approves you sets the rate, fees and payment dates.
Installment loan rules in Saskatchewan
Unlike BC and Manitoba, Saskatchewan has no separate licensing system for high-cost installment lenders. Instead, The Cost of Credit Disclosure Act, 2002 covers installment loans and gives you these rights:
- Before signing or paying anything, you must receive a disclosure statement from the lender showing the total cost of credit and the APR.
- Repaying the full balance is allowed at any time, with no prepayment charge or penalty.
- When you pay off a fixed loan ahead of schedule, you're owed a refund or credit for part of the non-interest charges.
- You can prepay part of the balance at least monthly, or on any date a payment is scheduled.
Every installment loan is subject to the federal 35% APR limit, and that limit includes fees.
What Saskatchewan law says about payday loans
- Federal law has capped payday loan costs at $14 per $100 borrowed since January 1, 2025. The old $17 figure still appears in Saskatchewan's own regulation.
- Payday loans cover amounts up to $1,500 and terms up to 62 days. During the term, a loan can't exceed 50% of your net pay.
- You can cancel until the end of the business day that follows the day you sign.
- You can hold only one payday loan at a time, and lenders aren't allowed to roll it over or refinance it.
- If you can't pay, the lender may charge 30% annual interest on the unpaid principal and a $25 bounced payment fee, which it can charge only once per loan. It may retry a pre-authorized payment only once.
- Your loan can't come due before your next payday, and every location must be licensed.
What an installment loan costs in Saskatchewan
Typical terms of the lenders in our network, last reviewed November 2026. Your lender's offer may differ.
- Amount
- $300 to $3,000
- Repaid over
- 90 to 120 days
- Annual rate (APR)
- 22% to 32%Based on the risk of the application
- Membership fees
- May applyIncluded in the total your lender shows you
Borrowing $500 in Saskatchewan: payday loan vs installment loan
| Saskatchewan payday loan | Installment loan at 32% APR | |
|---|---|---|
| How you repay | One payment on your next payday | 7 payments every 2 weeks over 98 days |
| Each payment | $570.00 | About $74.98 |
| Cost of borrowing | $70.00 | About $24.86 |
| Total repaid | $570.00 | About $524.86 |
Example for illustration only. Payday loan at the $14 per $100 maximum. Installment loan at 32% APR, the top of the typical range, before any membership fees.
Under the Criminal Code, lenders in Canada can't charge more than a 35% annual percentage rate, counting fees and other costs of getting the loan. That limit has applied since January 1, 2025. Work out payments for your own amount.
Who can apply
- 18 or older
- A full-time job or steady self-employed income
- Not in bankruptcy
- A Canadian citizen
- An online bank account you can verify
Lenders look mostly at your income and recent banking, so a low credit score alone doesn't rule you out. You can apply from Saskatoon, Regina, Prince Albert, Moose Jaw, Swift Current, Yorkton and North Battleford, or anywhere else in Saskatchewan. Applying doesn't commit you; you only agree to a loan when you sign a lender's contract.
Checking a lender
Payday lenders and other lenders are licensed by the Financial and Consumer Affairs Authority of Saskatchewan (FCAA). FCAA411 lets you confirm whether a business is licensed or registered. If you have a problem with a payday loan, call (306) 787-6700 or send the FCAA a complaint. With any other lender, first try to sort it out with the company; if that doesn't work, take your complaint to the Superintendent of Financial Institutions.
Free help with debt
If you'd be borrowing to keep up with other debts, a non-profit credit counsellor can build a budget with you and may arrange lower payments with your creditors.
- The Credit Counselling Society, a non-profit, has offices in both Regina and Saskatoon. Counselling costs nothing; you pay a fee only if you sign up for its debt management program.
- Accredited non-profit credit counsellors are listed by Credit Counselling Canada. A reputable agency won't charge you for a first meeting.
Before borrowing, see cheaper alternatives to payday loans.
Sources
- Saskatchewan, The Cost of Credit Disclosure Act, 2002: disclosure and prepayment rights.
- Saskatchewan, The Payday Loans Act and Payday Loans Regulations: payday loan rules.
- Government of Canada, Criminal Interest Rate Regulations: the 14% payday loan cost limit.
- Financial and Consumer Affairs Authority, Borrowing from a payday lender: rollovers and one loan at a time.
- Financial Consumer Agency of Canada, Payday loans: provincial payday loan cost limits.
- Criminal Code, section 347: the 35% annual percentage rate limit.
- Credit Counselling Canada: accredited non-profit credit counsellors.
- Typical network terms, last reviewed November 2026. Payments are equal installments, with interest per period = APR × days in the period ÷ 365.
General information, not financial or legal advice. Lenders set their own terms and provincial rules change, so check your contract and the sources above.
Apply from anywhere in Saskatchewan
One application, sent to lenders in our network. You only agree to a loan when you sign a lender's contract.