Financial Implications - MoneyUp offers the FastForward Line of Credit to Alberta residents only to a maximum APR (Annual Percentage Rate) of 30.4%. Approvals are subject to MoneyUp’s review and underwriting guidelines which are subject to change at any time.
Here’s how a representative example of how the APR is calculated: A $500 FastForward Line of Credit advanced for 1 month at 0% interest, a one-time Transaction Fee of 2.5% for a total repayment including the Transaction Fee of $512.50. This total repayment assumes money is advanced with no optional service fees or default fees charged.