Loan Fees
Alberta: $14 per $100. Loans between 42 – 62 days
British Columbia: $14 per $100. Loans up to 62 days
Saskatchewan: $14 per $100. Loans up to 62 days
Manitoba: $14 per $100. Loans up to 62 days
Ontario: $14 per $100. Loans up to 62 days
New Brunswick: $14 per $100. Loans up to 62 days
Nova Scotia: $14 per $100. Loans up to 62 days
Newfoundland & Labrador: $14 per $100. Loans up to 62 days
Payday Loans are High-Cost Loans
On a $300 loan of 14 days, the total cost of borrowing is $42, with a total repayment amount of $342
On a 14 day loan, the APR is 365%. On a 62 day loan the APR is 82.4%.
For Manitoba Residents - To learn more about your rights as a payday loan borrower, contact the Consumer Protection Office at 945-3800, 1-800-782-0067 or at https://www.manitoba.ca/cp/cpo/