Cost of Borrowing
Ontario Resident Agreement
Maximum Allowable Cost Per $100 Borrowed:
$14.00
Our Cost per $100 Borrowed:
$14.00
Example: For a $500.00 loan for 14 days:
Total cost of borrowing = $70.00 (365%)
Annual Percentage Rate = 365% per year.
Total You Repay: $570.00
This information meets the requirements of the
Business Practices and Consumer Protection Act