Become a member of Credit Club and discover all the benefits today!
As a direct lender, Credit Club is dedicated to providing you with a solution to meet your immediate money needs right from the privacy of your home. Our service has no hidden costs or charges and our members benefit from the lowest rates. Since 2012, thousands of Canadians have trusted us and given us 5-star reviews.
EXAMPLE:Understanding the Cost of a Payday Loan Maximum charges permitted in British Columbia for a Payday Loan 15% of Principal
We charge $15 per $100 borrowed For a $300 loan for 14 days: Total cost of borrowing = $45 Annual Percentage Rate = 391.07%
This information meets the requirements of the Business Practices and Consumer Protection Act
Payday loans are High-Cost Loans
Credit Club is a licensed lender in Nova Scotia. Please review our sample borrowing costs and our Nova Scotia license below.
Maximum Allowable Cost per $100 borrowed
$17
Our cost per $100 borrowed
$17
Example:
Your $300 loan for 14 days
Principal Amount: $300.00
Total Cost of Borrowing: $51.00
Total to Repay: $300.00 + $51.00 = $351.00
Annual Percentage Rate (APR): 443.21%