Do you offer Alberta payday loans?
Yes, we offer payday loans in Alberta. Our lending license number is 342618.
In order to qualify for a payday loan in Alberta, you must be actively working and residing in the province of Alberta. We require at least two payroll deposits from your employer and you must make at least $1000.00 a month on employment income alone.
The interest rate for Alberta loans is currently 15%.
For example: The repayment on a $300.00 payday loan is $345 split into three payments of $115.00 if you are paid bi-weekly/weekly/semi monthly or two payments of $172.50 if you are monthly.
Each payday loan will be split into 3 equal payments if you are paid Weekly/Bi-Weekly/Semi Monthly and 2 equal payments if you are paid Monthly.
Your first payday loan will be issued to you by direct deposit and any subsequent payday loans will be issued by e-transfer.
Our first time payday loans are between $100.00 and $300.00 pending approval by our system.
Once you are approved for a payday with mycanadapayday.com, we will send you a contract for a loan by email. The contract will detail the payday loan amount, the repayment amount and dates as well as the bank account the pre-authorized payments will be withdrawn from. Once the pre-authorized payments has cleared your account and your loan is paid in full, we can process a new loan application.
If you wish to pay off your loan early, please contact us and we will let you know the steps to paying off your loan early.