WE LEND RESPONSIBLY
Canada’s most accessible loans
We Lend Responsibly!
At My Online Cash we take seriously our obligation to conduct ourselves ethically and honestly. Our reputation and the well-being of our customers depend upon such conduct from us. Toward ensuring this end our Code of Conduct establishes principles and rules based on the best practices across the industry. In the end, though, the integrity of our business depends upon us making the best, most ethical choices in our daily interaction with applicants and customers.
Our Code of Conduct:
We are licensed to provide payday loans across the Canadian provinces. We rigorously adhere to the regulatory standards of each of the provinces within which we operate. Our credit solutions are fully consistent with these regulatory environments. We do not violate these regulations and apply them consistently in both our loan underwriting and, should it prove necessary, in our collection operations.
Sustainable Lending:
Financial sustainability for both our business and our customers depends upon sound and responsible lending. Only loans that we believe are within our customers’ capacity for repayment will be offered.
Uncompromising Transparency:
At My Online Cash transparency is our touchstone. Toward that end, we ensure that all the information we provide, about fees, rates, or any other costs or obligations, are clearly laid out in straightforward, easy to understand language. We will never mislead you, manipulate you or influence you in any fraudulent manner or direction. All employees and agents of My Online Cash understand the imperative to provide honest and clear answers to your questions.
Your Security:
Your security is important to us. All measures that are reasonably possible are followed to ensure the security of your personal information. Nor will we ever sell your information to any third party.
Our Integrity:
We pledge to treat every decision we make regarding lending with the highest standards of honesty, caution and conscientiousness. Our Code of Conduct informs all our business practices.
Everyone deserves the opportunity to engage in quick and easy financial services that meet the highest ethical standards. Providing you with this opportunity is our aspiration.
You should contact us if you have queries or concerns regarding our Code of Conduct. We will enthusiastically discuss these matters with you, if you contact us via your dashboard through LOGIN
WHAT'S THE BEST LOAN FOR YOU?
Apply for a short-term loan from the comfort of your home. Our assessment process helps determine your eligibility based on your financial situation. Licensed and regulated lending services.
Safe & Secure
Completely confidential and secure, guaranteed! We use the same high security standards like the banks.
Expert Support
Our support staff. Always ready and available to answer any questions that you may have to ensure you get the loan you need.
No Hidden Fees
Our lending process has no hidden fees. What you see is what you get. That’s our promise as fully compliant licensed lenders under provincial law and regulation.
Flexibility
Your interest fee is unchanged, whether it’s better for you to pay in 1, 2 or 3 equal repayments.
Transparent
Our lending process has no hidden fees. What you see is what you get. That’s our promise as fully compliant licensed lenders under provincial law and regulation.
Fast
Quick application process with same-day decisions. You'll receive your loan terms and repayment schedule of 1, 2 or 3 installments based on your needs.
Short-term loans are high-cost loans. Loan amounts depend on net pay and other qualifying
requirements. Repayment terms: 62-180 days.
Example: A $500 loan over 90 days at 32% APR would cost $39.45 in interest, with total repayment of $539.45.
British Columbia Residents: The maximum fee allowed for a short-term loan in BC is 14% of the
principal. We charge $14 per $100 borrowed. For example, a $300 loan over 62
days has a total borrowing cost of $42, requiring repayment of $342, with an
APR of 82.45%
Manitoba Residents: The maximum allowable charge is 14% of the principal. We charge
$14 per $100 loaned. Example: A $300 loan for 62 days costs $42 to borrow, with
total repayment of $342 and an APR of 82.45%. Contact Manitoba Consumer Protection
Office at 1-204-945-3800 or visit gov.mb.ca/cp/cpo.
Nova Scotia Residents: Cost of borrowing is $14.00 per $100 on a $300 loan for 62
days (82.45% APR).
Ontario Residents: Maximum cost is $14 per $100 borrowed. We charge $14 per
$100. A $500 loan for 90 days costs $70 to borrow, with total repayment of
$570 and an APR of 56.89%.
Saskatchewan Residents: Maximum cost is $14 per $100 borrowed. We charge $14 per
$100. A $300 loan for 62 days costs $42 to borrow, with total repayment of
$342 and an APR of 82.45%.
| Borrowed Amount | Period | Monthly Interest | Total Interest | Total Payback Amount | APR |
|---|---|---|---|---|---|
| $10,000 | 3 months | $291.67 | $875.00 | $10,873.00 | 35% |
| $20,000 | 3 months | $500.00 | $1,500.00 | $21,500.00 | 30% |
| $50,000 | 6 months | $1,041.67 | $6,250.00 | $56,246.00 | 25% |
| $100,000 | 6 months | $1,666.67 | $10,000.00 | $110,000.00 | 20% |