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Holiday Budgeting Guide

On December 15, 2013 / Money Saving Tips / Leave a comment

Holiday budgeting 101 Know your expenses. The Holiday shopping guide The average Canadian is expected to spend between $1200 and $1800 this holiday season. This includes gifts, travel, decorations and entertainment for the holiday season. Those holiday costs can certainly add up and put a strain on…

Where to Cut Costs To Save Money Before the Holiday Season

On December 1, 2013 / Money Saving Tips / Leave a comment

Where to Cut Costs To Save Money? There’s only a month to go before the holiday season kicks in. We know that this time of year can be a strain on finances, but it doesn’t have to be. If you start saving now, you’ll have a jump…

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Happy holiday season from the Prudent Financial team! We hope you enjoy time spent celebrating with family and love… https://t.co/IiD3pG2Eh4 about 19 hours ago

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The Fineprint

Here is the fine print for your Prudent loan.

Min and Max period for a Prudent loan repayment

Answer: 1-5 years

What is the maximum annual percentage rate (APR), which includes the interest rate plus fees and other costs for a year?

Answer: 5.75% plus annual fee (ranges from 10% -19%) APR* – 15.75% – 24.75% maximum (effective rate will vary).

A representative example of a Prudent loan – How is it broken down with all applicable fees

A typical 1000.00 loan, paid off over a 12 month period borrows an amount of 1020.00 which includes the $20 credit application fee. Total cost is 231.94. Payment is 104.33. This does not include optional life insurance

*Rates vary according to credit risks but at all times compliant with all applicable legislation and Prudent does not rely upon any exclusion intended for a pay day style loan company.

Liens and other searches 16.00 and up dependent on loan amount and amortization.

In some situations some security may be required.

Approval times are based on optimal situation - customer has all documents and extensive verification is not required.

Questions? We pioneered the Responsible Lender Pledge. Call us anytime and we’ll be happy to discuss your loan and what fees may be involved depending on your particular circumstances.