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What are Scarborough payday loans? This is a type of loan that you can take advantage of if you are short of cash in between paycheques. Yet, payday loans can be incredibly expensive as creditors will charge you high-interest rates, especially if you are not able to pay it on time. The loan has a value of up to $1,500. You have to return the money you borrowed within 62 days if you are located in Alberta, Ontario, Manitoba, British Columbia, and New Brunswick. Remember to make payments on time if you do not want to increase the value of your debt.