Ontario Rates & terms

This loan agreement is governed by the applicable law of Ontario, Canada.

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Sample Borrowing Costs

Maximum allowable cost per $100 borrowed: $15.00

Our cost per $100 borrowed: $15

Example: Your $300 loan for 14 days
Amount advanced: $300
Total cost of borrowing: $45
Total you repay: $345

This poster is required under the Payday Loans Act, 2008.

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Maximum Loan Amount

Residents of Ontario may receive up to $1,500.

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Loan Terms

Generally, your loan payments will be scheduled on your next payday that falls between 5 and 40 days away.

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Extensions/Rollovers/Refinance

In accordance with Ontario, Canada law your loan must be paid in full by the due date.

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This information is required under the Payday Loans Act, 2008.

 

LICENCE

Loan4Payday is a licensed lender in the Province of Ontario. Please review our sample borrowing costs and our Ontario license, below.

 

Maximum Allowable Cost per $100 Borrowed:
$15.00

Our cost per $100 borrowed:
$15.00

Example: Your $300 loan for 14 days
Amount Advanced $300.00
Total Cost of Borrowing $45.00
Total you Repay $345.00

This poster is required

under the Payday Loans Act, 2008.

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For Educational Material about Payday Loans approved by the Registrar, please click here.