compare loan costs

At only $19.50 per $100 borrowed every 2 weeks, Pocket Money is up to 35% cheaper than an average payday loan and can save you 51% when compared to bouncing a cheque.

loan cost comparison

Using Pocket Money when you need to buy something is potentially 32 times less expensive than using a credit card and making only the minimum payments and can be ¼ the price of using a payday loan.

needs $500
toward a ring so he can finally pop the question. (Go Bob!)

Bob buys it with his:
credit card

needs $500
to book a travel special to Hawaii. Aloha!

Allison uses a:
payday loan

needs $500
to pay bills on time to protect her credit rating. (Wise!)

Sara uses mogo:

	Amount	Term (Months)	Total Repayment	APR	Total Cost
Credit Card	$500	51	$757	21%	$257*
Payday Loan	$500	0.5	$650	720%	$150**
Pocket Money	$500	0.5	$597.50	468%	$97.50