It is important to be informed about the lender you choose when seeking a loan in either Canada or the USA. Transparency is crucial when dealing with cash advance and personal loan companies. Please note that this disclaimer is for educational purposes only and is not intended as legal advice. Brainy Loans is not officially affiliated with any government entity, but we comply with all provincial and federal laws in Canada and the United States.

The Annual Percentage Rate (APR) is the true rate at which your online loan accrues and is determined by several factors such as the amount borrowed, the interest rate, the term of the loan, repayment amounts, and payment schedules. Only the lender who approves your loan can provide you with the loan terms. According to Canadian and American law, payday lenders must disclose the APR before entering into any loan agreement. We are not a payday lender, loan broker, or agent and do not have access to your loan details. Private Loan Shop only facilitates communication between eligible lenders and borrowers.

In case you do not repay your loan on or before the due date, your loan will be considered “delinquent” and subject to a fee imposed by the lender. Additionally, your bank may charge you an NSF (non-sufficient funds) fee for the failed item. The interest rate will continue to accumulate on the unpaid balance. If you fail to repay your loan, you will not be permitted to borrow from the lender again until the balance is paid in full. We only employ reputable collection agencies that comply with lawful collections practices, and late payments may negatively impact your credit rating.

We collect information about you through your use of our website and referral services. You may submit information when using our services, but this is entirely voluntary, and you are not obligated to provide any information unless you choose to do so.

Disclaimer: We make every effort to ensure the accuracy and currency of our information. However, the information presented may differ from what you find when you visit a financial institution, service provider, or product site. We do not provide warranties for any financial products, shopping products, or services. When reviewing offers, please carefully read the terms and conditions of the financial institution. Pre-qualified offers are not binding. If you notice any discrepancies in your credit score or report, please contact TransUnion® directly. Our partners compensate us for featuring their products on our site, and this may affect the products we write about and their placement on the page. However, this does not influence our evaluations, and our opinions remain independent.

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