Skip to main content

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%.

Alberta Business License

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

Consumer Protection BC License

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. 

FCAA License

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 #39193, Expiry Date: October 13, 2023

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%.

Payday Loan License

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.

Nova Scotia Business License
Cost Comparison Disclosure