Cash Stop Loans Blog

Cash Stop Loans – Payday Loans in British Columbia

Cost of Borrowing

British Columbia Resident Agreement

Maximum charges permitted in British Columbia for a payday loan: 14% of the principal

We charge: 14% of the principal

Maximum charges permitted in British Columbia for a payday loan: 14% of the principal
We charge: 14% of the principal

For a $300.00 loan for 14 days:

Total cost of borrowing = $42.00
Annual Percentage Rate =365% per year.

This information meets the requirements of the Business Practices and Consumer Protection Act.
License Number: 49756

BC Consumer Protection License

Cost of Borrowing

British Columbia Resident Agreement

Maximum charges permitted in British Columbia for a payday loan: 14% of the principal

We charge: 14% of the principal

Maximum charges permitted in British Columbia for a payday loan: 14% of the principal
We charge: 14% of the principal

For a $300.00 loan for 14 days:

Total cost of borrowing = $42.00
Annual Percentage Rate =365% per year.

This information meets the requirements of the Business Practices and Consumer Protection Act.
License Number: 49756