Licensing Information
Regulatory & licensing details.
LendX Financial Inc. is a federally incorporated Canadian company. Payday lending is provincially regulated and requires a licence in each province of operation.
Federal Incorporation
Canada Business Corporations Act
Mortgage Regulation
Subject to FSRA regulations, Ontario
Provincial Licensing
Required in each province of operation
Provincial payday lending limits
Ontario
Payday lender licence pending under the Payday Loans Act, 2008. Max cost: $14 per $100. Max term: 62 days.
British Columbia
Max cost of borrowing: $15 per $100.
Alberta
Max cost of borrowing: $15 per $100.
New Brunswick
Max cost of borrowing: $15 per $100.
Manitoba
Max cost of borrowing: $17 per $100.
Saskatchewan
Max cost of borrowing: $17 per $100.
Nova Scotia
Max cost of borrowing: $19 per $100.
Prince Edward Island
Max cost of borrowing: $25 per $100.
LendX Financial Inc. is not a bank and is not regulated by OSFI. Products may not be available in all provinces. This information is provided for transparency and does not constitute legal advice.