Terms and Conditions
Last updated: October 30, 2026
1. About us
This website is operated by 7009569 Canada inc., doing business as Better Than The Bank (“Better Than The Bank”, “we”, “us”). Our head office is located at 21 King St. W, 5th Floor, Hamilton, ON L8P 4W7.
2. Using this website
By accessing or using this website, you agree to these Terms and Conditions. If you do not agree, please do not use the website. We may update these terms at any time; the date at the top of this page shows the latest version.
You agree to provide true, accurate and complete information in any application and to keep it up to date.
3. Our role as a broker
Better Than The Bank is a licensed Canadian broker, Ontario Payday Loans Act License #4741631. We are not a bank. We forward your application to one or more lending partners, who review it and, if approved, provide the loan. The loan agreement you sign is the document that governs your loan.
4. Loan terms and costs
- Loan amounts: $250, $500, $750, $1,000, $1,250 or $1,500.
- Minimum repayment period: 90 days. Maximum repayment period: 180 days.
- Annual percentage rate (APR): 31.98%.
- Example: for a $250 loan of 90 days, the total payback before administrative fees is $263.00.
- Administrative fees apply. All fees and the total cost of borrowing are disclosed in your loan agreement before you sign.
5. Eligibility and application
To apply, you must be of the age of majority in your province, earn at least $300 per week, have held the same job for the last 3 months, have a valid phone number and email address, and have few or no recent NSF charges. Meeting these criteria does not guarantee approval.
Your application is reviewed using instant bank verification. By applying, you authorize us and our lending partners to verify the information you provide.
6. Repayment, NSF and collection
In case of non-sufficient funds, a service fee will be charged. If a particular situation arises during your repayment period, our collection department will work out a repayment agreement with you based on your situation.
If you default on any repayment under your agreement, the creditor may demand payment in full of any unpaid balance, principal, interest and costs. Judicial and extrajudicial costs reasonably incurred because of a breach of contract may be claimed from you. If no payment agreement is possible, the file may be assigned to a collection agency, which may affect your credit rating or credit score.
7. Responsible borrowing
Short-term loans have higher interest rates than average. They are best used occasionally and when no lower-cost option is available. Taking out several loans of this kind may lead to an overly high debt load and considerable financial difficulties.
8. Limitation of liability
Information on this website is provided for general purposes and may change without notice. To the extent permitted by law, Better Than The Bank is not liable for indirect damages arising from the use of this website or from a lending partner’s decision.
9. Intellectual property
The Better Than The Bank name, logo and website content belong to 7009569 Canada inc. and may not be reproduced without written permission.
10. Governing law
These terms are governed by the laws of the Province of Ontario and the federal laws of Canada that apply there, without limiting any consumer protection rights granted by the laws of your province of residence.