PAYDAY LOANS
SAME-DAY PAYDAY LOANS IN NEWMARKET AND KESWICK
We can rarely predict what’s ahead, let alone be prepared for it. Unexpected expenses can arise from something as simple as a spill on your laptop or as major as sudden death. When life happens, we may find ourselves pinching pennies, cancelling plans or desperately waiting for the next paycheque. When a situation becomes unaffordable and financially burdensome, it helps to know that Stop 4 Cash can offer the support you need.
You can count on us for convenient, same-day payday loans in Newmarket and Keswick. Walk into one of the two store locations to get a small loan up to a maximum of 50% of your net pay that can help with your financial situation. Once your eligibility is proved, you can expect to have the requested funds at your disposal the same day. Get your quick cash loan today.
WHAT IS A PAYDAY LOAN IN CANADA? IS IT LEGAL?
Most payday loan lenders are non-traditional institutions. The cash advance granted is a part of your monthly paycheque, hence the name. Payday loans are also popularly called cash or cheque advance loans.
Unlike bank loans, payday loans are short-term borrowings with shorter repayment duration and fewer requirements. They’re more convenient, as you don’t have to pledge any security or think about your credit score. Most importantly, payday loans are constitutionally permitted (section 347.1 of the criminal code). Hence, rest assured that payday loan lenders operate under the law, though borrowers are always advised to do their due diligence.
PAYDAY LOAN REQUIREMENTS
Carry the following documents when visiting Stop 4 Cash in Newmarket or Keswick for a cash loan.
Drivers license (or other government-issued photo ID)
Employment (your 2 most recent pay stubs)
Social insurance card (SIN card - or government document showing the number)
Updated bank book or bank statement showing 8 to 12 weeks of transactions (online)
ONTARIO RATES AND TERMS AT A GLANCE
This loan agreement is regulated under the law of Ontario, Canada.
Sample Borrowing Costs
Maximum cost per $100 borrowed allowed: $15
Our cost per $100 borrowed: $15
Example
Here is how the breakdown of a $500 loan amount would look like:
Your $500 loan for 14 days
Amount advanced: $500
The total cost of borrowing: $75
The total you repay: $575
APR: 391.1%
Compounded Interest APR: 59%
For Educational Material about Payday Loans approved by the Registrar, please click here.
Maximum Loan Amount
Residents of Ontario can apply for a maximum of $1,500 in payday loans.
Loan Terms
Your loan repayment will be due on your next payday that can be up to 62 days away.
Extensions/Rollovers/Refinance
In accordance with applicable Canada law in Ontario, the borrower must pay the loan amount in full by the due date.
HOW A QUICK CASH LOAN CAN SAVE THE DAY
Stop 4 Cash is here to help you through tough times with quick cash advances offered in-store at our Newmarket and Keswick locations. Wherever you are in Canada, you can rest easy knowing that you have a dependable partner in Stop 4 Cash and enjoy the many advantages of payday loans.
