Our Charges
Our payday loans carry a fixed flat rate fee and nothing more. You can apply for any amount between $100 and $1500. There are no hidden or administrative costs: for every $100 you borrow you pay $21. The calculated yearly interest rate depends on the duration of your loan and will be presented to you when you apply.
| You Borrow | Total Amount Payable |
|---|---|
| $100 | $121 |
| $200 | $242 |
| $300 | $363 |
| $400 | $484 |
| $500 | $605 |
| $1000 | $1210 |
| $1500 | $1815 |
This information is required under the Payday Loans Act, 2008.
The cost for Payday Loans may seem quite high at first glance. Taking into account that all setup fees and administrative costs are included and since most Payday Loans are paid over a period of no more than 62 days a yearly percentage might be misleading.
A payday loan is in many cases much cheaper than paying overdraft penalties, bounced cheques or unpaid bill charges
