New Brunswick regulates payday lending through the FCNB, which oversees lender licensing, cost-of-borrowing limits, and consumer protection. The province has a defined maximum fee per $100 and requires clear disclosure from all lenders.
New Brunswick regulates payday lending through the FCNB, which oversees lender licensing, cost-of-borrowing limits, and consumer protection. The province has a defined maximum fee per $100 and requires clear disclosure from all lenders.
New Brunswick's cost of borrowing is capped per $100 borrowed, with the exact figure set by provincial regulation. Borrowers should confirm the current rate with the FCNB or the lender.
Payday lending in New Brunswick is overseen by the Financial and Consumer Services Commission (FCNB). Lenders must be licensed to operate in the province, and borrowers have specific consumer protections including the right to cancel within a cooling-off period and access to extended payment plans under certain conditions.
Before applying for a payday loan in New Brunswick, confirm the lender appears on the provincial licensed lender registry maintained by the Financial and Consumer Services Commission (FCNB). Unlicensed lenders are not subject to provincial cost caps and may not follow consumer protection rules.
The FCNB maintains a licensed lender registry and provides consumer education resources. Borrowers in New Brunswick have access to a cooling-off period and extended payment plan options.
Before taking a payday loan in New Brunswick, consider whether a credit union small-dollar loan, bank overdraft protection, employer advance, or free non-profit credit counselling might meet your need at a lower cost. Our responsible borrowing page covers these options in detail.
Yes. Payday lending is legal and regulated in New Brunswick under the oversight of the Financial and Consumer Services Commission (FCNB). Lenders must be licensed, and cost-of-borrowing limits apply.
New Brunswick's cost of borrowing is capped per $100 borrowed, with the exact figure set by provincial regulation. Borrowers should confirm the current rate with the FCNB or the lender. Always ask the lender for the total repayment amount in dollars before signing. Visit our rates and fees page for a broader comparison.
Yes. Most payday loans in New Brunswick are now applied for online and funded by Interac e-Transfer. Confirm the lender is licensed in New Brunswick before submitting your application.
Review New Brunswick rules, check eligibility, and explore your options.