Understanding Payday Loan Rules in BC: What Every Borrower Should Know
Looking for a licensed payday loan in BC? Whether it’s a car repair, a medical bill, or a gap before payday, it’s important to
July 22, 2025
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Looking for a licensed payday loan in BC? Whether it’s a car repair, a medical bill, or a gap before payday, it’s important to
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
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