💡Key Takeaways
- ✓Everything you need to know about payday loans in Canada, including costs and alternatives
Payday loans can seem like a quick fix but come with extremely high interest rates.
The Real Cost
Lenders can charge up to $15 per $100 borrowed — nearly 400% APR.
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werixopeko5086
Financial Content Editor · MoneySmart
Dedicated to helping Canadians understand financial products including mortgages, credit cards, and personal loans — delivering objective, expert-reviewed content.
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