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The Real Cost of a Payday Loan in Winnipeg — Fees, Rates & Repayment Explained | #loans

The Real Cost of a Payday Loan in Winnipeg — Fees, Rates & Repayment Explained

That's $85 in fees for a two-week loan. Not interest in the traditional sense — fees. And under Manitoba's regulated framework, $17 per $100 borrowed is the maximum a licensed lender can charge. Some charge less. None can charge more.