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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 15% of Principal
We charge $15 per $100 borrowed
For a $300 loan for 14 days:
Total cost of borrowing = $45
Annual Percentage Rate = 391.07%
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 | = | $57.00 |
| ------------------------------------------------------------ | ||
| Total to Repay | = | $300.00 |
| PLUS | $57.00 | |
| = | $357.00 | |
Annual percentage rate APR = 495.36%
This information meets the requirements of the Payday Loans Regulations under the Consumer Protection Act
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 $500 loan for 14 days
Amount Advanced $500.00
Total Cost of Borrowing $75.00 (391.07% APR)
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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