Payday Loan Calculator
Calculate payday loan fees, APR percentage, and provincial legal caps across Canada.
Payday Loan Canada
$
Legal maximum in Ontario: $14 per $100.
High Cost Borrowing Alert
365% Annual Percentage Rate (APR)
Borrowing $500.00 costs $70.00 in fees over 14 days. Total due: $570.00.
Borrowing Fee
$70.00
$14 per $100 borrowed
Effective APR
365%
Over 14-day term
Total Repayment
$570.00
Due on next payday
Cost Comparison with Alternatives
Payday Loan Fee (14 days)$70.00365% APR
Credit Card Cash Advance$9.03Saves $60.97
Under Canadian Provincial Payday Loans Acts, lenders must cap fees at $14 per $100 borrowed. Payday loans are intended for short-term emergency cash only.