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The Maximum Allowable Cost per $100 Borrowed: $15. Our Cost per $100 Borrowed: $15.
Example
Your $500 loan for 14 days.
Amount Advanced $500
Total Cost of Borrowing $75.00 APR 391.07%
Total You Repay $575.00
This information is required under the Payday Loans Act, 2008
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For helpful educational materials approved by The Registrar, Payday Loans Act 2008.Please See Below
In Manitoba, the maximum allowable charge for a payday loan is 17% of the principal amount of the loan.
Sample $300 loan for 12 days
Total cost of credit = $51.00
The Annual Percentage Rate (APR) 517.08%
The total that must be repaid is $351.00
This information meets the requirements of The Consumer Protection Act
License # "pending"
Click to view license
Maximum charges permitted in British Columbia for a payday loan: 15% of the principal
We Charge: 15% of the principal
For a $300 loan for 14 days
Total cost of borrowing = $45.00
Annual Percentage Rate = 391.07% per year.
This information meets the requirements of the Business Practices and Consumer Protection Act.
License Number: 82007
Example: $300 loan for 14 days
This information conforms to the requirements of The Payday Loans Act.
License Number: "pending"
License Number: 47025