Key Takeaways Old Age Security is a monthly pension that the Government of Canada pays to people aged 65 and older who meet its residence requirements. It’s funded from general tax revenue rather than from payroll contributions, so your work history doesn’t affect whether you qualify. For many retirees, OAS and the Canada Pension Plan […]
By the GoDay.ca Customer Education Team. GoDay is a licensed Canadian online lender that has been helping borrowers understand credit and short-term lending since 2012. Key Takeaways Equifax and TransUnion are the two national credit bureaus in Canada. Each one collects information about how you’ve borrowed and repaid money, compiles it into a credit report, […]
British Columbia: The APR on a $300.00 loan for 14 days in BC is 365% at the rate of $14.00 per $100 borrowed. Online BC Payday License # 67513.
Ontario Residents: The cost of borrowing at GoDay.ca is $14.00 per $100.00 for each $100.00 advanced. On a $500.00 loan for 14 days, the cost of borrowing is $70.00, with a total payback amount of $570.00 and an annual percentage rate of 365%. The maximum allowable cost of borrowing under payday loan agreements is $14.00 for each $100.00 advanced.
New Brunswick Residents: The maximum charges permitted for a Payday Loan is 14% of the principal. We charge $14 per $100 borrowed. On a $300 loan for 14 days, the total cost of borrowing is $42, with a total payback amount of $342 and an APR of 365%.
Nova Scotia Residents: The total cost of borrowing $100.00 for 14 days is $14.00. Payday Loans are High Cost Loans.
Saskatchewan Residents: The maximum allowable cost of borrowing under payday loan agreements in Saskatchewan is $14 per $100 borrowed. We charge $14 per each $100 borrowed. On a $300 loan for 14 days, the total cost of borrowing is $42, with a total payback amount of $342 and an APR of 365%.
Manitoba Residents: The APR on a $300.00 loan for 12 days is 425.83% on a rate of $14.00 per $100.00 borrowed. To learn more about your rights as a payday loan borrower, contact the Consumer Protection Office at 1-204-945-3800, 1-800-782-0067 or at www.manitoba.ca/cca/cpo.
Alberta Residents: The APR on a $300 loan for 42 days is 121.67% for a borrower who is paid weekly on a rate of $14.00 per $100 borrowed.
PEI Residents: The cost of borrowing at GoDay.ca is $14.00 per $100.00 per each $100.00 advanced. On a $300.00 loan for 14 days, the cost of borrowing is $42.00, with a total payback amount of $342.00. The maximum allowable cost of borrowing under payday loan agreements is $14.00 per each $100.00 advanced.
Non Payment Policy: To collect on a loan in default GoDay.ca will utilize all collection practices available to the issuers of consumer credit in Canada.
