The Sheppard and Warden plazas: a few counters, mostly online
Tam O'Shanter and Sullivan have a few storefront lenders in the Sheppard Avenue East plazas, which is more than the north end above Finch has and far less than Kingston Road or Lawrence, so for the towers along Sheppard, Warden and Birchmount a counter is a walk or one stop on the 85 Sheppard East, and for the townhouse complexes around the golf course it is a bus ride.
The 68 Warden runs north and south through the neighbourhood and Agincourt GO sits to the east for commuters to Union; neither is a lender stop. The online application takes five minutes, reads income through IBV and pays by e-transfer, which suits a nurse or a personal support worker coming off a night rotation at 7 a.m. when no counter is open. The e-transfer loans page covers what happens to an application signed at that hour.
The Sheppard counters charge the same $14 per $100 as any website, because the cap is provincial. The walk is the only variable.
Hospital rotations, long term care and retail pay
The Birchmount hospital site and the long term care homes near it pay biweekly on rotating shifts, retail on Sheppard pays biweekly or weekly, and the industrial employers on Warden north of the 401 pay weekly or biweekly, so a payday loan here has a term of 7 to 14 days and is sized to half of one of those cheques. The lender reads the cycle from IBV and debits on the next pay date.
Rotations keep the pay date fixed and move the amount. A fortnight heavy with nights and weekends carries premiums; the next may not, and a loan sized to the premium cheque then debits against the plain one. Size the loan to a cheque without premiums or overtime, and the debit is safe on either.
The community is Chinese, Filipino and South Asian in highrise rentals along Sheppard, Warden and Birchmount and in townhouse complexes between, and many hospital and care workers here hold a full time and a part time role at once. Both are employment deposits IBV can read. The guide to what lenders verify explains how two employers show up in a bank read.
What payday loans Tam O'Shanter lenders charge
A payday loan in Tam O'Shanter or Sullivan costs $14 per $100 borrowed, so $300 is repaid as $342 and $500 as $570, and because the cap is provincial the Sheppard counter, a website and a Kingston Road storefront all charge the same.
| Amount borrowed | Fee at $14 per $100 | Total repayable |
|---|---|---|
| $100 | $14 | $114 |
| $300 | $42 | $342 |
| $500 | $70 | $570 |
| $1000 | $140 | $1140 |
| $1500 | $210 | $1710 |
On a 14 day biweekly term that is about 365% APR, a two week bridge and not a balance to carry. The cost guide works every amount in $100 steps and prices a second loan in the same month.
When a payday loan fits in Tam O'Shanter and Sullivan and when it does not
A payday loan fits a hospital or care worker here with a one time gap under half a biweekly cheque: a plain cheque after a run of premium ones, a Presto pass and a phone bill landing before rent, a small car repair before a night shift. It does not fit a bill over $1500, a leave with no pay, or a gap that returns every cycle.
The bigger bill belongs on the installment loans page, $500 to $10000 repaid monthly at 18% to 35% APR. A leave with no pay is an income gap, and the alternatives guide puts an advance from the hospital's payroll and a credit union small loan ahead of a fee every fortnight.
East, Agincourt shares the Sheppard plazas and adds the restaurant strips; north, L'Amoreaux and Steeles has one or two Finch counters and the Markham border jobs; south, Wexford and Maryvale has the Lawrence plazas and the plants.
The rules that protect a Tam O'Shanter borrower
Every counter on Sheppard and every online lender serving a Tam O'Shanter or Sullivan address is licensed under the Payday Loans Act, 2008, which gives you two business days to cancel at no cost, bans rollovers and a second loan while one is open, and requires an extended payment plan on a third loan within 63 days. Complaints go to Consumer Protection Ontario. The Ontario rules guide explains each protection.
Payday Loans Scarborough is a free loan connection service, not a lender. The main Scarborough page has the application, and the areas we serve hub covers the neighbourhoods on every side of the golf course.
Apply online from Tam O'ShanterPayday Loans Tam O'Shanter and Sullivan FAQ
Can I apply after a night shift at the Birchmount site and have the money that day?
Yes, on a weekday. Finish the application and the IBV step at 7 a.m., and the lender processes it when it opens, usually funding by e-transfer before noon. No counter on Sheppard is open at that hour.
I hold a full time and a part time job. Does the lender count both?
Yes, as long as both pay into the account IBV reads. The loan is sized to half of the combined net deposits for the period, and the due date follows the main job's pay cycle.
Which bus reaches the Sheppard counters from the townhouses by the golf course?
The 68 Warden to Sheppard, then the 85 Sheppard East along the plazas. It is a short ride, but online needs none and pays into the same account.
Do premiums for nights and weekends count toward the loan?
They count in whichever cheque IBV reads. Because they come and go with the rotation, size the loan to a cheque without them so a plain fortnight does not leave the debit short.
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