Legal
Financial disclosures
Full breakdown of loan costs and terms
Source: Published on expresscash.ca
Published terms
- Minimum term
- 61 days
- Maximum term
- 120 days (16 weeks)
- Minimum loan amount
- $300
- Maximum loan amount
- $1,500
- Maximum APR
- 28%
- Transaction fee
- $0.95
- Payment frequency
- Bi-weekly or weekly
Representative example
This example shows the total cost of borrowing including all fees. Your actual loan amount, term, and costs may differ based on your application.
- Amount borrowed
- $300.00
- Number of payments
- 4 payments (bi-weekly) / 8 payments (weekly)
- Payment frequency
- Bi-weekly or weekly
- Payment amount
- $121.16 bi-weekly / $60.53 weekly
- Loan term
- 2 months
- APR (Annual Percentage Rate)
- 28% APR
How the total is calculated
- Amount borrowed
- $300.00
- Transaction fee
- $0.95
- Interest (28% APR over 61 days)
- $183.69
Total amount repayable
$484.64
4 payments of $121.16 each, paid bi-weekly over 2 months.
8 payments of $60.53 each, paid weekly over 2 months.
Itemized fees
Transaction fee
$0.95
One-time fee charged when your loan is issued. This fee is included in the total amount repayable.
Service fee
Included in APR
All service costs are included in the Annual Percentage Rate (APR) of 28%.
NSF fee (non-sufficient funds)
$50.00
Charged if a payment is returned due to insufficient funds in your account.
Payment schedule
| Amount | Term | Bi-weekly amount | Bi-weekly count | Weekly amount | Weekly count |
|---|---|---|---|---|---|
| $300 | 2 months | $121.16 | 4 | $60.53 | 8 |
| $500 | 3 months | $135.11 | 6 | $67.50 | 12 |
| $750 | 3½ months | $174.02 | 7 | $86.94 | 14 |
| $1,000 | 4 months | $203.38 | 8 | $101.60 | 16 |
| $1,500 | up to 16 weeks | Payment amounts for this loan are determined with you after verifying repayment capacity and the term you choose. | |||
Consequences of non-payment
Failing to make payments on time can result in serious consequences:
NSF fees:
$50.00 if payment is returned due to insufficient funds.
Collection actions:
Your account may be sent to a collection agency.
Negative credit reporting:
Late or missed payments may be reported to credit bureaus, affecting your credit score.
Legal action:
In severe cases, legal action may be taken to recover the debt.
Additional interest:
Interest continues to accrue on unpaid balances.
If you're having difficulty making payments, please contact us immediately to discuss options.
Important information
Your actual loan terms may vary based on your creditworthiness, loan amount, and repayment period. The representative example above is for illustrative purposes only.
All fees are disclosed upfront before you accept the loan. You will receive a loan agreement with full terms and conditions for your review before finalizing.