Displaying items by tag: Affinity

More than three years ago Affinity Credit Union officially launched the Restart Loan – a unique, made-in-Saskatchewan lending product that has both social and financial benefits.

Traditional payday loans often attract clientele with interest rates that appear affordable – for example 17% over a two-week period. When calculated on an annual basis, however, the interest rate can become a staggering 442%. The Restart Loan was designed to assist those who are struggling with unexpected expenses or emergencies and are vulnerable to getting trapped in the payday loan debt cycle.