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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.
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.