Mr. Payday is a licensed lender in the province of Alberta.
Licence # 326997 Expiry date: 2015-09-30
Maximum charges permitted in Alberta for a payday loan:
$23.00 per $100.00 lent
We charge $23.00 per $100.00 lent
For a $300.00 loan for 14 days:
Total cost of borrowing = $69.00, Total to be repaid = $369.00
Annual Percentage Rate = 599.44%