New Brunswick residents can apply online with payday lenders licensed by the Financial and Consumer Services Commission (FCNB). Online lenders follow the same rules as storefronts, and you can check any lender’s licence with the Commission before you apply.
Payday loan rules in New Brunswick at a glance
| Cost cap | $14 per $100 |
|---|---|
| Per-loan limit | 30% of net pay on your latest pay stub, up to $1,500 |
| Longest term | 62 days |
| Licensing | Required for anyone offering, arranging or providing loans to NB residents |
| Online lenders | Same licence and rules as storefronts |
| Prepayment | No penalty, but the full cost is still owed |
Summary only, last reviewed October 2026. Source: Financial and Consumer Services Commission (FCNB). The federal $14 per $100 cap has applied across Canada since January 1, 2025.
Working out your NB limit
Take the net amount on your most recent pay stub and multiply by 0.3. If your last stub shows $1,200 take-home, the most you can borrow is $360. Lenders may ask to see that stub, or confirm it through your bank deposits.
Repaying early
You can repay early without a penalty, but in New Brunswick you still owe the full cost of borrowing. Early repayment saves you stress, not money, so borrow only for the days you need.
If a payment fails
A bounced cheque or pre-authorized debit can bring a lender fee, extra interest and an NSF fee from your bank. Talk to the lender before the due date if you can see a shortfall coming.
Payday loans across New Brunswick: major cities
Across New Brunswick, in English or French-speaking communities, the same 30% limit and licensing rules apply.
- Moncton
- Saint John
- Fredericton
- Dieppe
- Riverview
- Miramichi
- Edmundston
- Bathurst
- Quispamsis
- Rothesay
- Campbellton
- Oromocto
- Shediac
- Sackville