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Online Payday Loan Rates and Terms in Saskatchewan

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

A Payday Loan is a High Cost Loan

Fees and Charges:

If you obtain a payday loan from us, you will pay the following fees and charges:

Loan fee of 23% of the loan principal, payable on the loan repayment date.

NSF Charge of $50, for a dishonoured cheque or pre-authorized debit. This charge is payable only once per loan, regardless of the number of cheques or pre-authorized debits dishonoured.

Default interest of 30% per annum will be charged on the outstanding principal balance of the loan, if you fail to pay the loan in full on the loan repayment date.

Example:

$300 for 14 days

Principle amount $300
Total cost of borrower $69

Total to Pay $369

Maximum Loan Amount

Residents in Saskatchewan 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/Rollover/Refinance

In accordance with Saskatchewan, 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 $20 $120
$200 $40 $240
$300 $60 $360
$400 $80 $480
$500 $100 $600

APR**

Loan Term
(7 days)
Loan Term
(14 days)
Loan Term
(30 days)
1199.29% 599.64% 279.83%
1199.29% 599.64% 279.83%
1199.29% 599.64% 279.83%
1199.29% 599.64% 279.83%
1199.29% 599.64% 279.83%

This information conforms to the requirements of The Payday Loans Act.

Payday Loans Act, 2008 Educational Materials

Payday Loans Act

Payday Loan Regulations

Financial Consumer Affairs Authority