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Example:
Your $500.00 loan for 14 days
Amount advanced: $500.00
Total Cost of Borrowing: $75.00
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Total you repay: $575.00
The Annual Percentage Rate (APR): 391%
This poster is required under the Payday Loans Act, 2008. For educational material approved by the registrar, please click here..
Alberta
Your $1,500 loan for 1 year term at 3.9% per month
Total cost of borrowing including a $194 fee: $896.00
Total you repay is $2,396.00
The Annual Percentage Rate (APR): 46.8%
Alberta License #349796
British Columbia
British Columbia License #83626
For a $300.00 loan for 14 days:
Total Cost of Borrowing= $45.00
The Annual Percentage Rate (APR): 391.07% per year
This information meets the requirements of the Business Practices and Consumer Protection Act
