Maximum charges permitted in British Columbia
    for a payday loan: 23% of the principal
       We charge: 23% of the principal
       For a $300 loan for 14 days:
       Total cost of borrowing = $69
       Annual Percentage Rate = 600%

       This information meets the requirements of the
       Business Practices and Consumer Protection Act
       British Columbia License Number: 52546 
	    

Payday Loans are High-Cost Loans

    Example: $300 loan for 14 days
    Principal amount:  $300.00
    Total cost of borrowing: $75.00
    Total to repay: $300 PLUS $75.00 = $375.00
    Annual percentage rate - APR: 651.79%
	    

$23
Per $100 Borrowed

Example: $300 loan for 14 days

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 getpaid@instantpaydaycanada.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

Forms

Cancellation Form or Receipt Form or This sign

Debt Counselling

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.