Our objective is being the the most effective payday lender in Canada. Safe. Fast. Affordable. You can get payday loans for up to 1500 in as little as 15 minutes. My Canada Payday is in the business of getting you your fast cash advance now. My Canada Payday is rated 9.
Com is unable to supply you with an exact APR (Annual Percentage Rate) that you will be charged if you are approved for a loan. APRs depend on multiple factors, including the lenders requirements and offers, your credit worthiness, your state of residence, and the type and term of the loan you request.
You will be given the details on the APR, loan fees, and other terms by your lender when you are redirected to your loan agreement during the loan request process. The APR on a short term loan can range from 200 to 2,290 depending on how the APR is calculated (nominal vs. effective), the duration of the loan, loan fees incurred, late payment fees, non-payment fees, loan renewal actions, and other factors.
Keep in mind that the APR range is not your finance charge and your finance charge will be disclosed later on. See a Representative Example.
Borrow 200 for 14 days with a 30 to 60 lender fee.
These payday loans are typically high interest loans, as the risks are perceived to be higher. While they may not always be the best option, they do serve a purpose and can be beneficial in certain circumstances. Some better choices for loans might be Micro Loans through non-profits, StepUp, Centrelink itself, and Community Initiatives. Quick view See loan and benefit options for specific circumstances here. Below are multiple loan and money assistance programs for those on Centrelink.
Speckle Loans: This is a small short term loan with lending amounts from 200 2000 with a pay back period between 3 and 12 months.