IT`S PAYDAY TODAY
Payday Loan Ontario Rates and Terms
It’s Payday Inc. has always operated with pride and integrity which is why our rates are upfront with no hidden fees or fine print.
This loan agreement is governed by the applicable law of Ontario, Canada. Sample Borrowing Costs
Payday Loan Rates
For every $100 borrowed you only pay $14, that’s less than $10 a week!APR 417.14%
Maximum Allowable Cost per $100 Borrowed $15.00.
Our cost per $100 borrowed $14.00.
Example: Your $300 loan for 14 days.
Amount Advanced $300.00.
Total Cost of Borrowing $42.00.
Total You Repay $342.00.
This poster is required under the Payday Loans Act, 2008.
The minimum repayment period is 1 day and the maximum repayment period is 14 days
With rates as low as these its no wonder It’s Payday Inc. is one of the most hassle-free short term loan companies in Canada.
Residents of Ontario 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 Ontario, Canada law your loan must be paid in full by the due date.
Rate and Term Chart (14 Day Loan Example) |
APR** |
||||
|
Advance Amount Amount Financed |
Finance Charge Cost of Loan |
Payment Amount Total of Payments |
Loan Term (7 days) |
Loan Term (14 days) |
Loan Term (30 days) |
|---|---|---|---|---|---|
| $100 | $15 | $115 | 782.14% | 391.07% | 182.50% |
| $200 | $30 | $230 | 782.14% | 391.07% | 182.50% |
| $300 | $45 | $345 | 782.14% | 391.07% | 182.50% |
| $400 | $60 | $460 | 782.14% | 391.07% | 182.50% |
| $500 | $75 | $575 | 782.14% | 391.07% | 182.50% |
This information is required under the Payday Loans Act, 2008.
Toronto, Ontario
Canada