We charge 15% associated with the principal.
For a $300 loan for a fortnight:
- Total cost of borrowing = $45
- Apr = 391.07%
These details fulfills what's needed associated with Business methods and customer Protection Act. License Quantity: 67639
ICASH is an authorized and direct loan provider in Alberta
ICASH is really a temporary loan accountable loan provider that is led by provincial customer security guidelines. We have been completely certified, clear and 100% compliant in most Canadian provinces.
2 to 7 repayments can be found centered on your income regularity at no extra expense or fees; ranges between 42 to 62 days*
Optimum total expense of borrowing permitted in Alberta for a cash advance: $15 per $100 lent.
We charge $15 per $100 lent.
Pay day loans are a type of high-cost credit.
These details satisfies certain requirements for the Fair Trading Act.
Cash Advance Business Licence Quantity: 341941
ICASH is an authorized and lender that is direct brand New Brunswick
ICASH is really a short-term loan accountable loan provider that is led by provincial customer security rules. Our company is completely certified, clear and 100% compliant in most provinces that are canadian.
Two to three repayments can be found predicated on your earnings regularity at no cost that is extra charges, as much as 62 times. Just offered at iCASH.
Optimum Allowable Expense per $100 Lent
Example: $300 loan for a fortnight: Principal Amount = $300 Total price of Credit = $45.00 Yearly Portion Rate (APR) = 391.07% Total to settle = $345.00
For those who have any concerns or issues about pay day loans, termination liberties or collection techniques, contact the Financial and customer Services Commission(FCNB)Toll-free at 1-866-933-2222
The requirements are met by this information for the price of Credit Disclosure and payday advances Act