Manitoba Residents: The maximum allowable charge for a payday loan is 14% of the principal amount of the loan. We charge $14 per each $100 loaned. Sample loan on a $300 loan for 12 days, the cost of borrowing is $42, the total that must be repaid is $342 and an APR of 425.83%.
To learn more about your rights as a payday loan borrower, contact the the Consumer Protection Office at 1-204-945-3800, 1-800-782-0067 or at https://www.gov.mb.ca/cp/cpo/.