FREQUENTLY ASKED QUESTIONS
Here are answers to the questions you ask most often
Have a question?
Frequently Asked Questions
Some things you want to know
What does Tidewater Financial do?
Tidewater Financial provides online payday loans to Canadian customers. Our payday loans are designed to solve temporary cash-flow needs.
If you do not find the answer to your question listed within our FAQ's, you can always contact us directly at support@tidewaterfinancial.ca
1.
Apply immediately
Getting a loan has never been easier – or faster. We’ll need some personal background info, then just choose your loan amount and repayment plan. Then you’re good to go.
2.
Know immediately
There’s no fuss in the process. You’ll be immediately informed if you qualify. All that is left is to sign your electronic contract.
3.
Receive money
Any time, day or night, your loan will be e-transferred to you in just 5 minutes!
No Credit Check | High Approvals
Get Up To $1,500 From a Safe Trusted Licensed Lender. Easy Application. Multiple repayments, FAST e-Transfer.
Short-term loans are high-cost loans. Loan amounts depend on net pay and other qualifying
requirements. Repayment terms: 62-180 days.
Example: A $500 loan over 90 days at 32% APR would cost $39.45 in interest, with total repayment of $539.45.
British Columbia Residents: The maximum fee allowed for a short-term loan in BC is 14% of the
principal. We charge $14 per $100 borrowed. For example, a $300 loan over 62
days has a total borrowing cost of $42, requiring repayment of $342, with an
APR of 82.45%
Manitoba Residents: The maximum allowable charge is 14% of the principal. We charge
$14 per $100 loaned. Example: A $300 loan for 62 days costs $42 to borrow, with
total repayment of $342 and an APR of 82.45%. Contact Manitoba Consumer Protection
Office at 1-204-945-3800 or visit gov.mb.ca/cp/cpo.
Nova Scotia Residents: Cost of borrowing is $14.00 per $100 on a $300 loan for 62
days (82.45% APR).
Ontario Residents: Maximum cost is $14 per $100 borrowed. We charge $14 per
$100. A $500 loan for 90 days costs $70 to borrow, with total repayment of
$570 and an APR of 56.89%.
Saskatchewan Residents: Maximum cost is $14 per $100 borrowed. We charge $14 per
$100. A $300 loan for 62 days costs $42 to borrow, with total repayment of
$342 and an APR of 82.45%.
| Borrowed Amount | Period | Monthly Interest | Total Interest | Total Payback Amount | APR |
|---|---|---|---|---|---|
| $10,000 | 3 months | $291.67 | $875.00 | $10,873.00 | 35% |
| $20,000 | 3 months | $500.00 | $1,500.00 | $21,500.00 | 30% |
| $50,000 | 6 months | $1,041.67 | $6,250.00 | $56,246.00 | 25% |
| $100,000 | 6 months | $1,666.67 | $10,000.00 | $110,000.00 | 20% |