Online Payday Loan Rates and Terms in British Columbia

This loan agreement is governed by the applicable law of British Columbia, Canada.

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 Consumer Protection Act

Maximum Loan Amount

Residents in British Columbia may receive up to $1,500.

Loan Terms

Generally, your loan payments will be scheduled on your next payday that falls between 5 and 40 days away.

Extensions/Rollovers/Refinance

In accordance with British Columbia, Canada law your loan must be paid in full by the due date.

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Rate and Term Chart (14 Day Loan Example)

Advance Amount Amount Financed	Finance Charge Cost of Loan	Payment Amount Total of Payments
$100	$15	$115
$200	$30	$230
$300	$45	$345
$400	$60	$460
$500	$75	$575

APR**

Loan Term (7 days)	Loan Term (14 days)	Loan Term (30 days)
782.14%	391.07%	182.50%
782.14%	391.07%	182.50%
782.14%	391.07%	182.50%
782.14%	391.07%	182.50%
782.14%	391.07%	182.50%

This information meets the requirements of the Business Practices and Consumer Protection Act.

Payday Loans Act, 2008 Educational Materials

Business and Consumer Protection Act

Payday Loan Regulations

Consumer Protection British Columbia Resources

Loan availability and loan amounts vary by location.

Payday Loans are high cost loans. Loan amounts are subject to net pay and other qualification requirements. Promotional rates not available in Alberta, Manitoba, New Brunswick or Saskatchewan. British Columbia Residents: The maximum charges permitted in British Columbia 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%. $300 for $20 promotional rate - Under this offer, on a $300 loan for 14 days, the cost of borrowing is $20, with a total payback amount of $320 and an APR of 173.81%. Regular fees apply on subsequent loans and the cost of borrowing at Cash Money in British Columbia is $15 per $100 borrowed. BC Licence #50066. Manitoba Residents: In Manitoba, the maximum allowable charge for a payday loan is 17% of the principal amount of the loan. We charge $17 per each $100 loaned. On a $300 loan for 12 days, the cost of borrowing is $51, the total that must be prepaid is $351 and an APR of 517.08%. To learn more about your rights as a payday loan borrower, contact the Consumers' Protection Office at 945-3800, (800) 782-0067 or at http://www.gov.mb.ca/cca/cpo/. Nova Scotia Residents: The cost of borrowing is $22.00 per $100 on a $300 loan for 14 days (573.57% APR). $300 for $20 promotional rate - Under this offer, the cost of borrowing is $6.67 per $100 on a $300 loan for 14 days (173.81% APR). Ontario Residents: The maximum allowable cost of borrowing per $100 borrowed in Ontario is $15. Our cost per $100 borrowed is $15. On a $500 loan for 14 days, the cost of borrowing is $75, with a total repayment amount of $575 and an APR of 394.07%. $300 for $20 promotional rate - Under this offer, on a $500 loan for 14 days, the cost of borrowing per $100 would be $6.67 on the first $300 borrowed, and then $15 per $100 on the additional $200 borrowed, with a total cost of borrowing of $50, and an APR of 260.71%. Saskatchewan Residents: The maximum allowable cost of borrowing under payday loan agreements in Saskatchewan 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%.

Online Installment Loans/Lines of Credit: Loan minimum of $500 to a maximum of $10,000, based on a completed application, net pay and other qualification requirements, and customer verification including a credit check. Installment loan terms are from 6 months to 60 months and are based on the amount lent. Store Installment Loans/Lines of Credit: Loan minimum of $100 to a maximum of $10,000, based on a completed application, net pay and other qualification requirements, and customer verification including a credit check. Installment loan terms are from 6 months to 60 months and are based on the amount lent. Payments are due on scheduled income deposits. Cash Money offers short term personal loans and is not a credit repair service. Annual Interest Rate 46.93%

Lending decisions and funding times subject to system limitations. Opt+ instant funding is only available for existing Opt+ cardholders (sold separately), and is not available to payday loan borrowers in British Columbia.

Loan Protection: Must be 18 years of age or older, and under 70 years of age to be eligible. Policy sold and administered by Premium Services Group Inc. Underwritten by Canadian Premier Life Insurance Company.

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