Applying For A Loan?

A payday loan in Canada is a short-term loan typically used to cover urgent expenses until the borrower receives their next paycheck. These loans are usually small, ranging from $100 to $1,500, and are meant to be repaid within a few weeks.

A payday loan is a quick and convenient way for individuals to borrow a small sum of money to cover immediate expenses, such as bills or unexpected costs, until their next payday. These loans are typically offered by payday lenders, which include both online platforms and physical locations.

For a $100 loans payable on 12 weeks (90 days), the interest rate is 14% and the total amount paid as interest is $114.