Regulatory Changes Have Arrived For The Alternative Lending Industry - What You Need to Know
Regulation Changes for the Alternative Lending Industry.
As of January 1, 2025, the Canadian government implemented new regulatory changes to the lending industry that will affect borrowing rates. At Cashco, we are fully prepared for this change and are committed to making the transition as smooth as possible for our clients.
Frequently Asked Questions
1. Will Cashco still offer the same products?
Absolutely! Cashco is committed to continuing to offer the same trusted products and services that our clients rely on. You can count on us for the financial support you need, when you need it most!
2. Will the rate changes affect open loans?
No, the new rate changes will not affect any existing loans you already have with Cashco. If you already have a loan, the interest rate will remain the same. The updated rates will only apply to new loans or any new loan increases that take effect after January 1, 2025.
3. How do I apply for a loan or loan increase?
Applying for a loan is easy! You can visit any Cashco branch, where one of our friendly associates will assist you with your application. If you prefer, you can also apply online or over the phone. We're here to make the process simple and convenient.
Stay informed and secure your financial future with Cashco, your trusted partner in the alternative lending industry.
