Canpayday.ca: Laws, Rates, and Company Reviews
CanPayday.ca provides you with resources on Payday Lenders throughout Canada, do not take any sort of loan or advance without fully understanding the terms of you agreement.
New Canadian payday loan law does little to prevent predatory lending. Borrowing $100 at a $31 fee for 10 days will cost borrowers over 1000% in interest...Canadian Payday Loan Scams
Deborah, Vancouver, BC, Canada
".all of a sudden I was short $400 at the end of the month for rent..." ..Read the story
Did you know?
The maximum APR legal in Canada is 60%! It is a criminal offence to charge more than 60% per year.
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Maximum Rates for Online Payday Loans
Currently Canadian Payday Loans and Cash Advances average is $280. Canadian laws establish usury laws allow a maximum 60% annual interest on a loan.
Short term payday loans are the highest interest loans in Canada and should be avoided whenever possible. We have put together a series Payday and Cash Advance company reviews. These reviews are for online and storefront loans: Company Reviews.