Optimum Cash Advance Prices in Canadian Provinces

for instance, the APR for Ontario ended up being determined as: (365 days / 14 times) x 15% = 391%.

Using Ontario as one example once again, the fee that is maximum for a $100 loan is $15 – in other words. 15% interest.

In the beginning appearance, 15% seems to be less than the 23% rate of interest you spend on payday loans employing a credit card that is regular.

Nevertheless, not too fast! A similar conversion for payday loans in Ontario amounts to a staggering 391%! Continue reading Optimum Cash Advance Prices in Canadian Provinces →