We offer co-borrower services and are not a payday lender. Since all loan terms exceed 62 days, the loans we help clients access are not considered payday loans and do not require a payday lending licence in any province.
Administration Fees: Administration fees comply with Canadian law and are transparently disclosed in the binding contract between the lenders and borrower.
APR and Regulatory Compliance: APR, consistently below 29%, meets all Canadian provincial regulations. Therefore, a special lender's permit is not required.
For example, for a loan of 300$, a normal repayment term would be 79$ bi-weekly for 12 weeks.
