If you are in need of some extra cash to hold you over between paychecks, you can consider a payday loan. Though this loan is not the most affordable way to get your hands on emergency money, they are ideal if you need a quick and easy solution to make ends meet. Payday loans in Nova Scotia are legal and the Consumer Protection Act and Payday Lenders Regulations are there to help protect people who take out this loan.
The amount of cash that can be borrowed in this Canadian province ranges between $500 and $1,500. The loan term can be anywhere between 14 to 62 days, although lenders can offer loan extensions if the borrower is unable to repay and need extra time.
The fee that you will need to pay against this loan can be up to $22 for every $100 borrowed. Besides, if you do not repay on time you will be charged interest on the amount you still owe, which will keep multiplying and make the end cost of the loan high.
Ahead of applying payday loans in Nova Scotia, make sure to shop around for the right loan lender. Finding a licensed lender is important. Unlicensed lender will charge you illegally high interest rates and fee and may also misuse your personal details. They may also withdraw funds from your bank account without your permission.
No matter where in Nova Scotia you reside, you can apply for loans if you can confirm you are above 18 years, have permanent citizenship, a fixed monthly income and a valid checking account.
When applying for these loans you should always try to borrow only as much as you will be able to repay. If due to any reason you fail to repay when the loan is due it will incur extra fee and it will also have negative effect on your credit status.
The amount of cash that can be borrowed in this Canadian province ranges between $500 and $1,500. The loan term can be anywhere between 14 to 62 days, although lenders can offer loan extensions if the borrower is unable to repay and need extra time.
The fee that you will need to pay against this loan can be up to $22 for every $100 borrowed. Besides, if you do not repay on time you will be charged interest on the amount you still owe, which will keep multiplying and make the end cost of the loan high.
Ahead of applying payday loans in Nova Scotia, make sure to shop around for the right loan lender. Finding a licensed lender is important. Unlicensed lender will charge you illegally high interest rates and fee and may also misuse your personal details. They may also withdraw funds from your bank account without your permission.
No matter where in Nova Scotia you reside, you can apply for loans if you can confirm you are above 18 years, have permanent citizenship, a fixed monthly income and a valid checking account.
When applying for these loans you should always try to borrow only as much as you will be able to repay. If due to any reason you fail to repay when the loan is due it will incur extra fee and it will also have negative effect on your credit status.
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