{"id":76,"date":"2026-05-29T14:47:43","date_gmt":"2026-05-29T14:47:43","guid":{"rendered":"https:\/\/cashpicks.ca\/blog\/?p=76"},"modified":"2026-06-17T15:11:52","modified_gmt":"2026-06-17T15:11:52","slug":"payday-loan-cost-canada","status":"publish","type":"post","link":"https:\/\/cashpicks.ca\/blog\/payday-loan-cost-canada\/","title":{"rendered":"Payday Loan Cost Canada: $300 and $500 Examples"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Wondering about the real&nbsp;<strong>payday loan cost Canada<\/strong>&nbsp;charges these days? You&#8217;re in the right place. Since 1 January 2025, the rules are clear and the maths is simple. So in this guide, we&#8217;ll show exactly what a $300 and a $500 payday loan cost, how the fee works, and what your equivalent APR looks like. We&#8217;ll keep the numbers plain and honest. Quick note: CashPicks is an independent comparison platform, not a lender.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How the payday loan cost in Canada is set<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">First, the rule that drives everything. Federal law caps the cost of a payday loan at&nbsp;<strong>$14 for every $100 borrowed<\/strong>, and that cap covers every fee combined. In other words, there are no hidden add-ons on top. So if you borrow $100, the most it can cost you is $14, which means you repay $114 in total.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Because the fee is a flat amount, the cost scales neatly with the size of the loan. For example, $200 costs $28, and $400 costs $56. You can read the basics on the&nbsp;<a href=\"https:\/\/www.canada.ca\/en\/financial-consumer-agency\/services\/loans\/payday-loans.html\" target=\"_blank\" rel=\"noreferrer noopener\">Financial Consumer Agency of Canada<\/a>&nbsp;website, which explains the cap in plain terms.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How much does a $300 payday loan cost?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Let&#8217;s start with a common amount. At $14 per $100, a $300 payday loan costs&nbsp;<strong>$42<\/strong>&nbsp;in fees. As a result, you repay&nbsp;<strong>$342<\/strong>&nbsp;in total on your due date. That&#8217;s the most a licensed lender can charge, so a quote higher than $42 on a $300 loan is a warning sign. The&nbsp;<a href=\"https:\/\/www.ontario.ca\/page\/payday-loan-your-rights\" target=\"_blank\" rel=\"noreferrer noopener\">Ontario government<\/a>&nbsp;shows similar cost examples.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How much does a $500 payday loan cost?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Now the other popular amount. A $500 payday loan costs&nbsp;<strong>$70<\/strong>&nbsp;in fees, which means you repay&nbsp;<strong>$570<\/strong>&nbsp;in total. Again, that figure includes everything, so there should be no surprise charges layered on afterward. If a lender adds &#8220;processing&#8221; or &#8220;insurance&#8221; fees on top, walk away.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Payday loan cost in Canada at a glance<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Here&#8217;s the full picture so you can see the payday loan cost Canada borrowers face for any amount up to the $1,500 limit.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Payday loan cost in Canada at $14 per $100 (reviewed 2026). Try the numbers yourself with our calculator.<\/p>\n\n\n\n<div class=\"cp-cost\">\n  <style>\n    .cp-cost{--p:#6907f1;--ink:#0f0a1f;--mute:#7a748f;--line:#ece9f4;--soft:#faf9ff;\n      --g:#1a9a4a;--gbg:#e8fbf0;--hi:#f1e9ff;\n      font-family:'Jokker',system-ui,-apple-system,sans-serif;max-width:760px;margin:28px auto;}\n    .cp-cost-cap{font-size:.8rem;font-weight:700;text-transform:uppercase;letter-spacing:.7px;color:var(--p);margin-bottom:10px;}\n    .cp-cost-wrap{border:1px solid var(--line);border-radius:18px;overflow:hidden;\n      box-shadow:0 16px 40px rgba(15,10,31,.07);background:#fff;}\n    .cp-cost table{width:100%;border-collapse:collapse;font-size:1rem;}\n    .cp-cost thead th{background:var(--ink);color:#fff;text-align:left;font-size:.74rem;\n      text-transform:uppercase;letter-spacing:.6px;font-weight:700;padding:15px 20px;}\n    .cp-cost thead th:nth-child(2),.cp-cost thead th:nth-child(3){text-align:right;}\n    .cp-cost tbody td{padding:16px 20px;border-top:1px solid var(--line);color:var(--mute);}\n    .cp-cost tbody tr:nth-child(even){background:var(--soft);}\n    .cp-cost tbody tr:hover{background:#f3eeff;}\n    .cp-cost tbody tr.hi{background:var(--hi);}\n    .cp-cost .amt{font-weight:800;color:var(--ink);font-size:1.08rem;}\n    .cp-cost .tag{display:inline-block;font-size:.68rem;font-weight:800;text-transform:uppercase;\n      letter-spacing:.5px;color:var(--p);background:#fff;border:1px solid #e0d4fb;border-radius:999px;padding:2px 8px;margin-left:8px;vertical-align:middle;}\n    .cp-cost .fee{text-align:right;font-weight:600;}\n    .cp-cost .total{text-align:right;}\n    .cp-cost .total span{display:inline-block;font-weight:800;color:var(--g);background:var(--gbg);\n      padding:6px 14px;border-radius:999px;}\n    .cp-cost-note{font-size:.8rem;color:var(--mute);text-align:center;margin-top:12px;line-height:1.55;}\n\n    \/* Mobile -> stacked cards *\/\n    @media(max-width:560px){\n      .cp-cost thead{display:none;}\n      .cp-cost tbody tr{display:block;border-top:1px solid var(--line);padding:14px 16px;}\n      .cp-cost tbody tr:first-child{border-top:none;}\n      .cp-cost tbody td{display:flex;justify-content:space-between;align-items:center;padding:5px 0;border:none;text-align:left!important;}\n      .cp-cost tbody td::before{content:attr(data-label);font-weight:700;color:var(--ink);\n        text-transform:uppercase;font-size:.7rem;letter-spacing:.5px;}\n      .cp-cost .amt-cell::before{display:none;}\n      .cp-cost .total{justify-content:space-between;}\n    }\n  <\/style>\n\n  <div class=\"cp-cost-cap\">What a payday loan costs \u00b7 $14 per $100 (all fees included)<\/div>\n  <div class=\"cp-cost-wrap\">\n    <table>\n      <thead>\n        <tr><th>You borrow<\/th><th>Fee ($14\/$100)<\/th><th>Total to repay<\/th><\/tr>\n      <\/thead>\n      <tbody>\n        <tr>\n          <td class=\"amt-cell\" data-label=\"You borrow\"><span class=\"amt\">$100<\/span><\/td>\n          <td class=\"fee\" data-label=\"Fee\">$14<\/td>\n          <td class=\"total\" data-label=\"Total\"><span>$114<\/span><\/td>\n        <\/tr>\n        <tr>\n          <td class=\"amt-cell\" data-label=\"You borrow\"><span class=\"amt\">$200<\/span><\/td>\n          <td class=\"fee\" data-label=\"Fee\">$28<\/td>\n          <td class=\"total\" data-label=\"Total\"><span>$228<\/span><\/td>\n        <\/tr>\n        <tr class=\"hi\">\n          <td class=\"amt-cell\" data-label=\"You borrow\"><span class=\"amt\">$300<\/span><span class=\"tag\">popular<\/span><\/td>\n          <td class=\"fee\" data-label=\"Fee\">$42<\/td>\n          <td class=\"total\" data-label=\"Total\"><span>$342<\/span><\/td>\n        <\/tr>\n        <tr class=\"hi\">\n          <td class=\"amt-cell\" data-label=\"You borrow\"><span class=\"amt\">$500<\/span><span class=\"tag\">popular<\/span><\/td>\n          <td class=\"fee\" data-label=\"Fee\">$70<\/td>\n          <td class=\"total\" data-label=\"Total\"><span>$570<\/span><\/td>\n        <\/tr>\n        <tr>\n          <td class=\"amt-cell\" data-label=\"You borrow\"><span class=\"amt\">$1,000<\/span><\/td>\n          <td class=\"fee\" data-label=\"Fee\">$140<\/td>\n          <td class=\"total\" data-label=\"Total\"><span>$1,140<\/span><\/td>\n        <\/tr>\n        <tr>\n          <td class=\"amt-cell\" data-label=\"You borrow\"><span class=\"amt\">$1,500<\/span><\/td>\n          <td class=\"fee\" data-label=\"Fee\">$210<\/td>\n          <td class=\"total\" data-label=\"Total\"><span>$1,710<\/span><\/td>\n        <\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n  <p class=\"cp-cost-note\">Costs reflect the federal $14 per $100 cap (all fees included) and can change. CashPicks is not a lender \u2014 confirm the exact cost before you borrow.<\/p>\n<\/div>\n\n\n\n\n<p class=\"wp-block-paragraph\">Want to test your own amount? Our&nbsp;<a href=\"\/calculator.html\">payday loan calculator<\/a>&nbsp;shows the fee, the total, and the due date instantly.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Why the APR looks so high<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">You may have seen payday loans quoted with an eye-watering APR, sometimes around 365%. So why is that, when the fee is &#8220;only&#8221; $14 per $100? The answer is the short term. APR is an annual figure, yet a payday loan usually lasts about two weeks. Therefore, stretching a two-week cost across a full year makes the percentage look huge.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here&#8217;s the key takeaway. The dollar cost of a single, short payday loan is small and fixed. However, the cost adds up fast if you keep rolling loans over, because you pay the fee again each time. That&#8217;s exactly why payday loans suit a one-off gap, not a long-term shortfall.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Watch out for extra charges<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">One more thing to budget for. If your repayment bounces, the lender can charge a one-time fee of up to $20, and your bank may add its own NSF charge on top. So before you borrow, make sure the money will be in your account on the due date. For a fuller picture of the rules where you live, see our guide to the&nbsp;<a href=\"\/blog\/payday-loan-rules-by-province\/\">payday loan rules by province<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Is it worth it? Compare first<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A payday loan can help in a genuine pinch, and now you know the exact cost. Even so, it&#8217;s an expensive way to borrow compared with a line of credit or a credit union loan. So before you commit, it&#8217;s smart to weigh your choices. You can&nbsp;<a href=\"\/\">compare licensed lenders on CashPicks<\/a>, and our&nbsp;<a href=\"\/responsible-borrowing.html\">responsible borrowing guide<\/a>&nbsp;covers cheaper alternatives worth a look.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Bottom line<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">In short, the payday loan cost Canada sets is simple to work out: $14 per $100, all in. A $300 loan costs $42, and a $500 loan costs $70. So check the exact figure with our&nbsp;<a href=\"\/calculator.html\">calculator<\/a>, confirm the lender is licensed, and&nbsp;<a href=\"\/\">compare your options on CashPicks<\/a>&nbsp;before you borrow.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Frequently Asked Questions<\/h2>\n\n\n<div class=\"wp-block-uagb-faq uagb-faq__outer-wrap uagb-block-a52060e8 uagb-faq-icon-row uagb-faq-layout-accordion uagb-faq-expand-first-true uagb-faq-inactive-other-true uagb-faq__wrap uagb-buttons-layout-wrap uagb-faq-equal-height     \" data-faqtoggle=\"true\" role=\"tablist\"><script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"FAQPage\",\"@id\":\"https:\\\/\\\/cashpicks.ca\\\/blog\\\/payday-loan-cost-canada\\\/\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"How much does a $300 payday loan cost in Canada?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"A $300 payday loan costs $42 in fees, so you repay $342 in total. That's the federal maximum of $14 per $100, and it already includes every fee.\"}},{\"@type\":\"Question\",\"name\":\"How much does a $500 payday loan cost?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"A $500 payday loan costs $70 in fees, which means you repay $570 in total. A licensed lender can't charge more than that, since $14 per $100 is the legal cap.\"}},{\"@type\":\"Question\",\"name\":\"Are there hidden fees on top of the $14 per $100?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. The cap covers all fees combined, so the total cost of borrowing can't go above $14 per $100. If a lender adds extra charges, treat it as a red flag and confirm the licence.\"}},{\"@type\":\"Question\",\"name\":\"Why is the payday loan APR so high if the fee is small?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"APR is an annual rate, but a payday loan only lasts a couple of weeks. Spreading that short-term fee across a full year makes the percentage look large, even though the dollar cost of one loan is small and fixed.\"}},{\"@type\":\"Question\",\"name\":\"What happens if I can't repay on time?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The lender can charge a one-time fee of up to $20 for a bounced payment, and your bank may add an NSF fee. Contact the lender before the due date if you expect a shortfall, and avoid taking a new loan to cover the old one.\"}}]}<\/script><div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-c253db50 \" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\">\t\t\t<span class=\"uagb-icon uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"uagb-icon-active uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t<span class=\"uagb-question\">How much does a $300 payday loan cost in Canada?<\/span><\/div><div class=\"uagb-faq-content\"><p>A $300 payday loan costs $42 in fees, so you repay $342 in total. That&#8217;s the federal maximum of $14 per $100, and it already includes every fee.<\/p><\/div><\/div><div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-82f77443 \" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\">\t\t\t<span class=\"uagb-icon uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"uagb-icon-active uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t<span class=\"uagb-question\">How much does a $500 payday loan cost?<\/span><\/div><div class=\"uagb-faq-content\"><p>A $500 payday loan costs $70 in fees, which means you repay $570 in total. A licensed lender can&#8217;t charge more than that, since $14 per $100 is the legal cap.<\/p><\/div><\/div><div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-89b4ebfb \" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\">\t\t\t<span class=\"uagb-icon uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"uagb-icon-active uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t<span class=\"uagb-question\">Are there hidden fees on top of the $14 per $100?<\/span><\/div><div class=\"uagb-faq-content\"><p>No. The cap covers all fees combined, so the total cost of borrowing can&#8217;t go above $14 per $100. If a lender adds extra charges, treat it as a red flag and confirm the licence.<\/p><\/div><\/div><div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-f957c813 \" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\">\t\t\t<span class=\"uagb-icon uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"uagb-icon-active uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t<span class=\"uagb-question\">Why is the payday loan APR so high if the fee is small?<\/span><\/div><div class=\"uagb-faq-content\"><p>APR is an annual rate, but a payday loan only lasts a couple of weeks. Spreading that short-term fee across a full year makes the percentage look large, even though the dollar cost of one loan is small and fixed.<\/p><\/div><\/div><div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-25c2336d \" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\">\t\t\t<span class=\"uagb-icon uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"uagb-icon-active uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t<span class=\"uagb-question\">What happens if I can&#8217;t repay on time?<\/span><\/div><div class=\"uagb-faq-content\"><p>The lender can charge a one-time fee of up to $20 for a bounced payment, and your bank may add an NSF fee. Contact the lender before the due date if you expect a shortfall, and avoid taking a new loan to cover the old one.<\/p><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Wondering about the real&nbsp;payday loan cost Canada&nbsp;charges these days? You&#8217;re in the right place. Since 1 January 2025, the rules are clear and the maths is simple. So in this [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":78,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-76","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Payday Loan Cost Canada: $300 and $500 Examples<\/title>\n<meta name=\"description\" content=\"Payday loan cost Canada explained: a $300 loan costs $42 and a $500 loan costs $70 at $14 per $100. See the full cost table, APR, and how to compare safely.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cashpicks.ca\/blog\/payday-loan-cost-canada\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Payday Loan Cost Canada: $300 and $500 Examples\" \/>\n<meta property=\"og:description\" content=\"Payday loan cost Canada explained: a $300 loan costs $42 and a $500 loan costs $70 at $14 per $100. 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