Terms & ConditionsPlease read carefully
Soyra is a referral and information service that connects borrowers with payday loan providers across Canada. These terms govern your use of our website and services.
Applying is free and does not affect your credit score.
What We Are
Soyra is not a lender. We operate as a referral and information platform to help Canadians understand payday loans and connect with qualified lenders.
Soyra has been operating since 2015, serving borrowers across Ontario, British Columbia, Alberta, Quebec, Manitoba, Saskatchewan, Nova Scotia, New Brunswick, Newfoundland and Labrador, Prince Edward Island, Yukon, Northwest Territories, and Nunavut.
We do not make lending decisions, set interest rates, or approve loans. Lenders we refer you to are independent third parties. They are responsible for underwriting, approval, and all loan terms.
By using Soyra, you understand and agree that you are seeking information and referral services only.
How You Use Soyra
When you submit your information through Soyra, you agree to these conditions.
- You are at least 18 years old and a Canadian resident.
- All information you provide is accurate, complete, and truthful.
- You will not use Soyra for illegal purposes or to defraud any lender.
- You understand payday loans are short-term, high-cost borrowing products.
- You will read and comply with all lender terms before accepting any loan.
- You are responsible for your own financial decisions and repayment obligations.
- You will not submit duplicate or false applications to multiple lenders simultaneously.
What Soyra Provides
We aim to match you with lenders quickly and transparently.
Soyra collects your information and shares it with our network of lenders. Lenders then contact you directly to discuss loan terms, rates, and eligibility. Funding, when approved, typically arrives via Interac e-Transfer within 15 minutes.
We do not charge you a fee to use Soyra. Any costs associated with borrowing—interest, fees, or other charges—are set by the lender you choose, not by Soyra.
Soyra does not guarantee approval, funding speed, or any specific loan terms. Approval depends entirely on the lender's assessment of your application. We work to find you a solution, but outcomes vary based on your credit situation and the lender's policies.
What We Are Not Responsible For
Soyra provides a referral service in good faith. Please understand our limits.
- We are not liable for lender decisions, loan terms, or interest rates.
- We are not responsible for disputes between you and any lender.
- We do not guarantee loan approval or funding within any timeframe.
- We are not liable for technical interruptions, data loss, or service delays.
- We are not responsible for how lenders use or protect your personal information.
- Soyra is provided 'as is' without warranties of accuracy or fitness for any purpose.
- In no event shall Soyra be liable for indirect, incidental, or consequential damages.
Data & Privacy
Your privacy matters. Here's how we handle your data.
When you submit an application, Soyra collects personal information including your name, contact details, employment status, income, and credit situation. This information is used solely to match you with relevant lenders.
Soyra shares your information with lenders in our network. Each lender has their own privacy practices and terms. We recommend reviewing their privacy policy before accepting any loan.
Soyra does not sell or trade your information to third parties outside our lending network. We use industry-standard security measures to protect your data. However, no online transmission is completely secure.
For full details on how Soyra collects, uses, and protects your information, please review our Privacy Policy.
Payday Loans Are Short-Term
Payday loans are designed for short-term cash needs, not long-term solutions.
Payday loans typically carry higher interest rates and fees than other forms of credit. Borrow only what you can repay on your next payday or within the agreed term.
If you struggle with debt, consider speaking with a non-profit credit counsellor. Many provinces offer free or low-cost financial counselling services.
Soyra encourages responsible borrowing. If you have questions about whether a payday loan is right for your situation, consult a financial advisor before applying.
Jurisdiction & Changes
These terms are governed by Canadian law.
These Terms & Conditions are governed by the laws of Canada and the province or territory in which you reside. Any disputes shall be resolved in accordance with applicable provincial or territorial law.
Soyra reserves the right to modify these terms at any time. Changes are effective immediately upon posting to this page. Your continued use of Soyra after changes are posted constitutes acceptance of the updated terms.
If any provision of these terms is found to be unenforceable, the remaining provisions shall remain in full force and effect.
Soyra operates in compliance with applicable payday loan regulations across all provinces and territories we serve.
Frequently asked questions
Is Soyra a lender?
Do you charge a fee?
Can you guarantee my loan will be approved?
How fast is funding?
What happens to my personal information?
Which provinces does Soyra serve?
What if I have a dispute with a lender?
Can I get financial advice from Soyra?
Questions About Our Service?
If you have questions about these terms or how Soyra works, please contact us. For financial concerns or debt support, speak with a credit counsellor in your province.