Prairie Sky Loans is a trusted online lender serving Saskatchewan residents with fast, reliable short-term loan solutions. Our mission is to provide quick access to funds when you need them most, with transparent terms and competitive rates.
A short-term loan is a high cost loan. Short-term loans are regulated by the Financial and Consumer Affairs Authority of Saskatchewan. For information relating to short-term loans you can visit the FCAA website at https://fcaa.gov.sk.ca
Once you’ve filled out your application, our decisions system, with its advanced algorithm, gives you a decision almost instantly. Most of our customers have their money in the bank the same day. Once you’re approved and you sign your electronic agreement, our e-transfer system has the funds in your bank in 5 minutes.
Currently, we offer loans between $100 and $1,500 depending on your income. Payday loans can not exceed 50% of your monthly net income. Our advanced algorithm helps us identify the loan amount that suits your financial circumstances best.
Our minimum monthly requirement is an income of $800. Though a lot of sources, which you might not expect, can be counted toward this total. That includes child tax credits, EI, benefits and pensions for example. Include such income sources in the Employment Details of your application and you're ready to go.
We make payments easy. Once a payment day arrives, we will simply debit the amount stipulated in your loan agreement out of the same bank account into which we made the original loan. All you have to do is be sure there are sufficient funds to cover the payment. Other than that, there’s nothing for you to worry about.
Prairie Sky Loans Responsible and fair-lending practices to help you reach your financial goals. We are always here to help with an online short-term loan when unexpected expenses come up and you are short of money until your next payday.
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%.
Minimum repayment period: 62 days. Maximum repayment period: 180 days. Maximum APR: 82.45%