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Loan Details

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 dependent on the loan amount and the severity of your credit situation )

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 + $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 loan company.

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

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. 

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Prudent Financial Services

Business Hours

Monday to Friday
9am - 5pm

Saturday
9am - 1pm

Sunday
CLOSED

Serving the GTA since 1984

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