† MogoLiquid – O.A.C. installment loans from $5,000 to $35,000 with rates from 5.9% to 39.9% APR with terms of one to five years.
‡ MogoMini – Based on 39.9% AIR and bi weekly payments, not including optional fees or services.
Short term loan information:
* MogoZip – Ontario maximum allowable cost per $100 borrowed is $21. Our cost per $100 borrowed is $10.50 for 14 days, $21 for 14 days or $21 for 30 days. Example: For a $300 loan for 14 days the total cost of borrowing is $31.50 or $63 or for a $300 loan for 30 days the total cost of borrowing is $63. In BC and Alberta based on $11.50 per $100 for 14 days (APR 299.8%), $23 per $100 for 14 days (APR 599.6%) and $23 per $100 for 30 days (APR 279.8%).
** Save up to 93% based on comparison of MogoMini $1.53 per $100 for 14 days
(AIR 39.9%) to payday loan rate at maximum provincial rate cap of $21/$100 in Ontario and save up to 50% based on comparison of MogoZip at $10.50 per $100 for 14 days to payday loan rate at maximum provincial cap of $21/$100 in Ontario.
Category: Payday loans