Payday Loan Rates ExplainedWhen some people object to Payday Loans, it’s typically because of the cost of the fees. A payday loan is a short-term, unsecured loan for a set number of days. You should know and understand the fixed amount that you are paying for the loan. We charge a fixed amount per $100 borrowed. You will always find this information clearly posted in our store locations.When you come to us for a short-term infusion of cash, there are no extra fees or hidden charges. Our customers know exactly where they stand! 
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Information provided on the Consumer Education section of this website is believed to be accurate and reliable when placed on this site. MONEY MART® cannot guarantee it is accurate, complete or current at all times. Information on this site is for informational purposes only and is not intended to provide financial, legal, accounting or tax advice and should not be relied upon in that regard. You should seek guidance from a certified financial advisor or credit counselor for specific advice that is applicable to your individual situation.
Payday Loan Estimator
** Please note that this estimator is for educational/demonstration purposes only. Use the tool below to estimate about how much a payday loan would cost you at a local MONEY MART store. To qualify for a payday loan, minimum net pay requirements will apply and may vary by province. Other conditions may also apply. Ask a Customer Service Representative (CSR) for details and refer to official loan documents at a local MONEY MART® store for detailed terms and conditions.Loans amounts range between 30-50% of your net pay up to $1,500 (subject to qualification criteria).
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Loans can be repaid via pre-authorized debit, a customer’s personal cheque or via cash or debit in a branch.
The loan must be paid in full on or before the scheduled due date.
Loan will be due on your next payday.
To qualify for a payday loan, minimum net pay requirements will apply and may vary by province.
Other conditions may also apply. Ask a MONEY MART Customer Service Representative (CSR) for
details. [Ontario: The cost of borrowing at MONEY MART is $19.50 per $100 per each $100
advanced. On a $300 loan for 14 days, the cost of borrowing is $58.50, with a total payback
amount of $358.50. The maximum allowable cost of borrowing under payday loan agreements is $21
per each $100 advanced.] © National Money Mart Company 2011.
To qualify for a payday loan, minimum net pay requirements will apply and may vary by province.
Other conditions may also apply. Ask a MONEY MART Customer Service Representative (CSR) for
details. In Alberta, Nova Scotia and New Brunswick the APR on a $300 loan for 14 days is 508.39%
on a rate of $19.50 per $100 borrowed. © National Money Mart Company 2011.
To qualify for a payday loan, minimum net pay requirements will apply and may vary by province.
Other conditions may also apply. Ask a MONEY MART Customer Service Representative (CSR) for
details. The APR on a $300 loan for 14 days in BC is 469.29% at MONEY MART's cash repayment rate
of $18 per $100 borrowed, and 599.64% at the regular rate of $23 per $100 borrowed. BC Payday
Loan Licence # 49832. © National Money Mart Company 2011.
To qualify for a payday loan, minimum net pay requirements will apply and may vary by province.
Other conditions may also apply. Ask a MONEY MART Customer Service Representative (CSR) for
details. In Manitoba, the APR on a $300 loan for 12 days is 517.1% on a rate of $17 per $100
borrowed. To learn more about your rights as a payday loan borrower, contact the Consumers'
Bureau at (204) 945-3800, 1-800-782-0067 or at www.gov.mb.ca/fs/cca/consumb. © National Money
Mart Company 2011.