Financial and Customer Affairs Authority of Saskatchewan What you ought to understand For information on your pay day loan pick from the choices below. A pay day loan is a high expense, little, temporary loan supplied without safety (no collateral) up to a debtor. The mortgage needs to be no more than $1,500 and possess a phrase of not as much as 62 times. Know about the total annualized borrowing price (ABR) of that loan before you consent to simply…