Payday Lending Regulations
Select your Province below to view Payday Lending Regulations:
The maximum charges permitted for a Payday Loan is 15% of the principal. We charge $15 per $100 borrowed. On a $300 loan for 14 days, the total Cost of Borrowing is $45, with a total payback amount of $345 and an APR of 391.07%.
The maximum charges permitted for a Payday Loan is 15% of the principal. We charge $15 per $100 borrowed. On a $300 loan for 14 days, the total Cost of Borrowing is $45, with a total payback amount of $345 and an APR of 391.07%.
License #59868
The maximum allowable cost of borrowing under payday loan agreements is $17 per $100 borrowed. We charge $17 per each $100 borrowed. On a $300 loan for 14 days, the total cost of borrowing is $51, with a total payback amount of $351 and an APR of 443.21%. Payday Loans are a High-Cost Loan.
Payday Loans are High-Cost loans
The maximum allowable cost of borrowing under payday loan agreements is $17 per $100 borrowed. We charge $17 per each $100 borrowed. On a $300 loan for 14 days, the total cost of borrowing is $51, with a total payback amount of $351 and an APR of 443.21 %. Payday Loans are a High-Cost Loan.
License #83171, Expiry Date: June 1, 2024
To learn more about your rights as a payday loan borrower, contact the Consumers’ Bureau at 945-3800-1-800-782-0067, or at www.gov.mb.ca/fs/cca/consumb.
The maximum charges permitted for a Payday Loan is 15% of the principal. We charge $15 per $100 borrowed. On a $300 loan for 14 days, the total cost of borrowing is $45, with a total payback amount of $345 and an APR of 391.07%.
The maximum charges permitted for a Payday Loan is 15% of the principal. We charge $15 per $100 borrowed. On a $300 loan for 14 days, the total cost of borrowing is $45, with a total payback amount of $345 and an APR of 391.07%.
Newfoundland and Labrador Resident Agreement
The maximum total cost of borrowing permitted in Newfoundland and Labrador for a payday loan is $14 per $100 lent. We charge $14 per $100 lent.
Example:
For a $300 loan for 14 days:
Total Cost of Borrowing is $42.00
The maximum allowable cost of borrowing under payday loan agreements is $17 per $100 borrowed. We charge $17 per each $100 borrowed. On a $300 loan for 14 days, the total cost of borrowing is $51, with a total payback amount of $351 and an APR of 443.21 %. Payday Loans are a High-Cost Loan.
