Archive for March 2014

Home → 2014 → March

Living PayCheque to PayCheque? Say No To Pay Day Loans!

On March 10, 2014 / Bad Credit Borrowing, Money Saving Tips / Leave a comment

Living PayCheque to PayCheque? If you’re living pay cheque to pay cheque and worry about running short on money to cover your expenses, a pay day loan can seem tempting. However, it’s important to understand the high interest rates and charges that come with pay day loans.…

Need money? Credit cards vs. Personal Loans

On March 5, 2014 / Bad Credit Borrowing, Bankruptcy Loans, Money Saving Tips, Proposal Loans / Leave a comment

Need money? Credit cards or Personal Loans When you need money, it’s easy to apply for another credit card. Credit cards are easy to get and even easier to use. It’s quick, simple and convenient to simply swipe or tap your card to pay for your latest purchases.…

Twitter

Happy holiday season from the Prudent Financial team! We hope you enjoy time spent celebrating with family and love… https://t.co/IiD3pG2Eh4 about 1 hour ago

Follow @PrudentLoans

Prudent Financial Services

Business Hours

Monday to Friday
9am - 5pm

Saturday
9am - 1pm

Sunday
CLOSED

Serving the GTA since 1984

Toronto
Etobicoke
Scarborough
Mississauga
North York
Brampton
Ajax
Barrie

Burlington
Hamilton
Whitby
Pickering
Kitchener
London
Markham
Oakville

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.