Our rates

Period for Reimbursement:

You can repay your loan over a 12-week period without any minimum duration required. Additionally, you have the flexibility to repay your loan the day after borrowing. Depending on the loan amount and the pay frequency, the period can go up to 14 to 16 weeks (certain conditions apply).

Payment Schedule:

Payments will be deducted from your bank account through pre-authorized debit on a weekly, bi-weekly, bimonthly, or monthly basis.

Early Repayment:

You can repay your loan at any time without incurring a penalty, as our loans are open. If you choose to repay within the first month of the deposit date, you'll receive a $100 discount on the associated costs.

Annual Interest Rate (APR):

The annual APR for our loans varies between 28% and 38%, depending on the duration of the loan. The maximum APR for our loans is 38%. For instance, if you borrow $500, the interest amount for a 3-month period will be between $35 and $40.

Default of Payment:

As per the contract, a $50 fee will be imposed for any payments returned by the bank. If more than 25% of your payments are returned by the bank, your debt may be transferred to a collection agency. To avoid any such situation, we recommend that you inform us as soon as you notice a payment being returned by the bank.