Canadian Interest Rate

Bank of Canada Slowing Down Interest Rate Increases: What This Means for You

Still Time to Deal with High-Interest Debt: Bank of Canada Maintains Interest Rate for March 2019

Good News for Holiday Shoppers: Canadian Interest Rates Staying Steady for December 2018

Financial Spotlight: Homeowners Currently in a 5-Year Fixed Mortgage and Preparing for a Higher-Rate Renewal

Struggling with Interest Rate Debt? How to Cope with Latest Increase to 1.75%

Canadian Consumer Debt Gets a Break: Bank of Canada Interest Rate Holding at 1.5% for September 2018

The Canadian Interest Rate is Up to 1.5% After July 2018 Announcement

The Bank of Canada Interest Rates Stayed the Same for May 2018, But You Still Need to Be Prepared for a Hike

Increasing Canadian Interest Rates – How to Avoid Rising Payments

BOC Interest Rate Up to 1.25%: What to Do If You’re Drowning in Debt

Fine print for your Prudent loan

FSCO Lic. #12059)

Minimum and Max period for a Prudent loan repayment is 6 - 48 months.

Maximum annual percentage rate (APR), which includes the interest rate plus fees and other costs for a year - from 19.99% to 34.99% maximum (effective rate will vary).

A representative example of a Prudent loan – How is it broken down with all applicable fees
A typical $1,000.00 loan, paid off over a 12 month period borrows an amount of $1,020.00 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

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.