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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: 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 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 $17 $117
$200 $34 $234
$300 $51 $351
$400 $68 $468
$500 $85 $585

APR**

Loan Term
(7 days)
Loan Term
(14 days)
Loan Term
(30 days)
886.43% 443.21% 206.83%
886.43% 443.21% 206.83%
886.43% 443.21% 206.83%
886.43% 443.21% 206.83%
886.43% 443.21% 206.83%

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