Not a PayDay Lender: Since our loan terms always surpass 62 days, we are not considered a payday lender and do not need a payday license in any province.
Administration Fees: Our administration fees comply with Canadian law and are transparently disclosed in the binding contract between the lender and borrower.
Our APR and Regulatory Compliance: Our 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.
