Yes. Sherwood Park residents can borrow up to $1,500 online from an Alberta-licensed lender, at no more than $14 per $100, repaid over 42 to 62 days. Over 42 days, a $500 cash advance often costs around $18, compared with up to $70 for a payday loan.
Strathcona County has about 99,000 residents (2021 Census), most of them in Sherwood Park. Refineries and petrochemical plants in Alberta’s Industrial Heartland are major employers. Sherwood Park residents apply online with Alberta-licensed lenders, with funds sent by e-Transfer.
Full rules: payday loans in Alberta.
Sherwood Park-specific things to know
- Cash advance interest starts right away. There’s no grace period, so pay it off as soon as you can. It is still usually much cheaper than a payday loan.
- Check your card’s terms. Cash advance rates and fees vary. Find them on your statement or in your banking app.
Free help in Sherwood Park
Income Support
Alberta Supports serves Strathcona County: 1-877-644-9992. Emergencies, 24/7: 1-866-644-5135.
Utility bills
Utilities Consumer Advocate: 310-4822.
211 Alberta
Strathcona County food banks and rent help: dial 211 or visit ab.211.ca.
Sherwood Park neighbourhoods
- Broadmoor
- Glen Allan
- Brentwood
- Summerwood
- Clover Bar
- Emerald Hills
- Lakeland Ridge
- Salisbury Village
- Nottingham
- Mills Haven
- Woodbridge Farms
- Heritage Hills
Nearby: Edmonton, St. Albert, Leduc