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Rates and Terms for Payday Loans in Hamilton, Ontario

When an unexpected bill or an emergency occurs it’s nice to know that Cash Now Mountain is available to provide the funds you need to carry you over. We offer a cash advance which is repaid from your next paycheck. All of our clients pay a flat rate and the full amount of the loan and principal is due for repayment on your next payday. It’s easy and convenient! Have questions? Give us a call for more information.

Rates and Terms Chart (14-Day Loan Example)

This information is required under the Payday Loans Act 2008

Advance Amount / Amount Financed







Finance Charge / Cost of Loan







Payment Amount / Total of Payments







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Terms & Conditions
Failure to make timely payments may result in NSF or late fees. If your account becomes severely delinquent, it may be turned over to a 3rd party collection agency, which could impact your credit score. In accordance with government regulations, your loan must be paid in full by the due date and may not be extended, refinanced or rolled over. Regular Payment Terms available from 0-30 days. In the event that any payment cheques or electronic payments are not honored by your financial institution a $50.00 NSF charge will be applied. Payment of $15 C.O.B per hundred applies to loans paid on due date for customers in good standing. After due date of the payday loan agreement the rate will revert to $21.00 for each $100. For delinquent clients, you have 61 days to pay your loan in full before legal action may be taken. You may cancel the payday loan contract with no fees by providing payment of the loan in full up to 2 days from date of the signed contract. Payday Loans are high-cost loans. Loan amounts are subject to net pay and other qualification requirements. The maximum allowable cost of borrowing under payday loan agreements is $21 per each $100 advanced. The cost of borrowing at Cash Now Mountain is $15 per each $100 advanced. On a $300 loan for 14 days, the cost of borrowing is $45, with a total payback amount of $345. Upon default, the borrower will be responsible for all reasonable costs incurred to recover the loan in full. Any amounts owing after the specified due date will be subject to interest charges at 34% per annum. Payday advances should be used for short-term financial needs only, not as long-term financial solutions. Customers with credit difficulties should seek credit counselling. Terms & Conditions as per the PayDay Loans Act 2008 licensed under the Ministry of Government and Consumer Services for Ontario.

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