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Nova Scotia Online Payday Loan Rates and Terms

This loan agreement is governed by the applicable law of Nova Scotia, Canada.

Payday Loans are High-Cost Loans

Example:

$300 loan for 14 days

Principle amount = $300.00
Total cost of borrower = $66.00

Total to Repay = $300.00
  PLUS $66.00
  = $366.00
Annual percentage rate APR = 573.57%

Maximum Loan Amount

Residents of Nova Scotia 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 Nova Scotia, 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 $22 $122
$200 $44 $244
$300 $66 $366
$400 $88 $488
$500 $110 $610

APR**

Loan Term
(7 days)
Loan Term
(14 days)
Loan Term
(30 days)
1147.14% 573.57% 267.67%
1147.14% 573.57% 267.67%
1147.14% 573.57% 267.67%
1147.14% 573.57% 267.67%
1147.14% 573.57% 267.67%

This information meets the requirements of the Payday Loans Regulations under the Consumer Protection Act.

Links for Payday Loans Regulations and Fair Trading Act Educational Materials

Nova Scotia Consumer Protection Act

Payday Loan Regulations