Typical fee math in plain language
A common comparison model is a fee per $100 borrowed. In several provinces that can be around $14 per $100, while other provinces may differ. Our laws overview explains why local rules matter.
Numeric examples
- $300 loan example at $14 per $100: fee about $42, total repayment about $342.
- $500 loan example at $14 per $100: fee about $70, total repayment about $570.
- $1,000 loan example at $14 per $100: fee about $140, total repayment about $1,140.
Typical examples only. Actual terms vary by provider and province.
Cost comparison table
| Borrowing option | Example speed | Typical cost pattern | Main risk |
|---|---|---|---|
| Payday loan | Often same day | High short-term fee | Single due date pressure |
| Credit card cash advance | Immediate if active | Interest + cash-advance fee | Balance can grow if unpaid |
| Installment loan | Same day to a few days | Varies by provider | Longer debt duration |
| Payment extension | Depends on biller | Often lower than new debt | Not always available |
If this is your situation
You need around $500 for less than two weeks
Run your number in the calculator and compare one non-payday option before deciding.
You cannot repay in full on your next payday
Pause and review lower-risk borrowing choices. A short-term high-cost product is usually a poor fit in this case.
You already borrowed recently
Read debt-cycle prevention steps before taking another short-term loan.
You may be redirected to a third-party provider. Providers may request additional information. Approval is not guaranteed, and terms depend on the provider.
Rates vary by provider, terms vary by borrower profile, approval is not guaranteed, and Maple Loan Match does not set terms.
FAQ
Is the same fee used across Canada?
No. Cost structures can vary by province and provider.
Does Maple Loan Match set the rates?
No. Maple Loan Match is not a lender and does not set loan terms.