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Cash Money British Columbia License
Cash Money is a licensed lender in British Columbia. Please review our sample borrowing costs and our British Columbia license, below.
Understanding the Cost of a Payday Loan
Maximum charges permitted in British Columbia for a Payday Loan 17% of Principal
We charge $17 per $100 borrowed
For a $300 loan for 14 days:
Total cost of borrowing = $51
Annual Percentage Rate = 443.21%
This information meets the requirements of the Business Practices and Consumer Protection Act
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Cash Money Manitoba License
Cash Money is a licensed lender in Manitoba. Please review our sample borrowing costs and our Manitoba license, below.
Payday Loans are High-Cost Loans
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
The Annual Percentage Rate (APR) = 517.08%
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The total that must be repaid is: $351.00
This information meets the requirements of The Consumer Protection Act. To learn more about your rights as a payday loan borrower, contact the The Consumer Protection Office at 945-3800, 1-800-782-0067 or at http://www.gov.mb.ca/cca/cpo/.
Business Licence #39184
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Cash Money Nova Scotia License
Cash Money is a licensed lender in Nova Scotia. Please review our sample borrowing costs and our Nova Scotia license, below.
Payday Loans are High-Cost Loans
Example:
$300.00 loan for 14 days
| Principal amount | = | $300.00 |
| Total cost of borrower | = | $66.00 |
| ------------------------------------------------------------ | ||
| Total to Repay | = | $300.00 |
| PLUS | $66.00 | |
| = | $366.00 | |
Annual percentage rate APR = 573.57%
This information meets the requirements of the Payday Loans Regulations under the Consumer Protection Act
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To view educational materials prepared or approved by the Registrar, please click here.
Cash Money Ontario License
Cash Money is a licensed lender in Ontario. Please review our sample borrowing costs and our Ontario license, below.
Maximum Allowable Cost per $100 Borrowed:
$15.00
Our cost per $100 borrowed:
$15.00
Example: Your $300 loan for 14 days
Amount Advanced $300.00
Total Cost of Borrowing $45.00
Total you Repay $345.00
This poster is required under the Payday Loans Act, 2008.
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For Educational Material about Payday Loans approved by the Registrar, please click here.
Cash Money Saskatchewan License
Cash Money is a licensed lender in Saskatchewan. Please review our sample borrowing costs and our Saskatchewan license, below.
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