In Alberta, the maximum cost of a pay day loan is $14 per every $100 borrowed. Your posted interest rate varies depending on the term of the loan. For example, on a $300 loan, you would repay $342 on a loan that goes full term.
Loan repayment terms of 6 – 84 months. APR between 16% and 35%. Example $1000 unsecured loan borrowed for 12 months at 29.9%, monthly payments of $106.46. Total repayment with interest $1,277.58. This information meets the requirements of the Consumer Protection Act
Licence #330628
Call our main branch at 403-250-0232.