Per $100 Borrowed
Example: $300 loan for 14 days
|Total Cost of Borrowing||$69|
|Total to Pay||$369|
|This information conforms to the requirements of The Payday Loans Act.|
I understand a Payday Loan is a High Cost Loan
Borrower's Right to Cancel
I understand I have the right to cancel this loan without cost
or reason before the end of the business day after I agree to it
by emailing or calling email@example.com or 604-630-4783.
A receipt must be provided to me detailing this cancellation
I understand I may repay this loan early, and receive a proportionate refund of fees if I do so.
Fees and Charges
Borrowing Fee: 23% of the loan principal.
NSF Charge of $50.00, for a dishonoured pre-authorized debit. This charge is payable only once per loan, regardless of the number of pre-authorized debits dishonoured.
Default interest of 30% per annum will be charged on the outstanding principal balance of the loan, if you fail to pay the loan in full on the loan repayment date.
This information conforms to the requirements of The Payday Loans Act
Cancellation Form or Receipt Form or This sign
If you feel you may benefit from confidential debt counselling, Credit Counselling Canada can be reached by calling toll-free at 1-866-398-5999; by fax at 416-929-5256; by e-mail at contact@CreditCounsellingCanada.ca; or by mail at 720 Spadina Ave., Suite 202, Toronto ON M5S 2T9. You can also visit their website for further information at www.creditcounsellingcanada.ca.