Repayment Disclosures

Alberta:

Maximum charges permitted in Alberta for a payday loan:
$23 per $100 lent.

National Money Mart Company charges $23 per $100 lent.

For a $300 loan for 14 days:

  • Total Cost of Borrowing = $69
  • Annual Percentage Rate = 599.64%

This information meets the requirements of the Payday Loans Regulation under the Fair Trading Act

Payday Loan Business License Number: 326940

Ontario:

The Maximum Allowable Cost per $100 Borrowed: $21

Our Cost per $100 Borrowed: $21

Example:

For a $300 loan for 14 days:

  • Amount Advanced: $300
  • Total Cost of Borrowing: $63
  • Total to Repay: $363

This information is required under the Payday Loans Act, 2008

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