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Payday Loans in Newfoundland and Labrador

Compare FCAC-regulated payday lenders in Newfoundland and Labrador. Find fast approval loans with transparent costs and provincial protection.

Population
521,542
Maximum Loan
$1500
Maximum APR
456%

Newfoundland and Labrador Payday Loan Regulations

Newfoundland and Labrador allows payday loan costs up to $21 per $100 (456% APR). Maximum $1,500. 2-day cancellation period applies.

Regulator: Department of Digital Government and Service NL
Cooling-Off Period: 2 days
Rollover Allowed: No
Maximum Term: 62 days
Visit Department of Digital Government and Service NL →

How to Get a Payday Loan in Newfoundland and Labrador

  1. 1

    Compare Lenders

    Review our list of FCAC-regulated lenders operating in Newfoundland and Labrador. Check APRs, fees, and approval times.

  2. 2

    Apply Online

    Complete the application form with your personal details, employment, and banking information. Most applications take 5-10 minutes.

  3. 3

    Get Approved

    Lenders review your application and provide a decision within 15-60 minutes during business hours.

  4. 4

    Receive Funds

    Once approved, funds are typically sent via Interac e-Transfer same-day or direct deposit within 1 business day.

Payday Loans by City in Newfoundland and Labrador

Find licensed payday lenders in major cities across Newfoundland and Labrador. Click on your city to see local options and compare costs.

St. John's
Pop: 110,525
Conception Bay South
Pop: 27,168
Mount Pearl
Pop: 24,284
Paradise
Pop: 22,957
Corner Brook
Pop: 19,333
Grand Falls-Windsor
Pop: 14,171
Gander
Pop: 11,880
Portugal Cove-St. Philip's
Pop: 8,147
Happy Valley-Goose Bay
Pop: 8,109
Torbay
Pop: 7,899
Labrador City
Pop: 7,220
Stephenville
Pop: 6,623
Clarenville
Pop: 6,291
Bay Roberts
Pop: 6,012
Carbonear
Pop: 4,723
Channel-Port aux Basques
Pop: 3,547

Showing 16 cities in Newfoundland and Labrador.

Frequently Asked Questions

What is the maximum payday loan amount in Newfoundland and Labrador?
In Newfoundland and Labrador, the maximum payday loan amount is $1500 CAD. This limit is set by Department of Digital Government and Service NL to protect borrowers from over-indebtedness.
What is the APR for payday loans in Newfoundland and Labrador?
Newfoundland and Labrador payday loans have a maximum APR of 456%. Newfoundland and Labrador allows payday loan costs up to $21 per $100 (456% APR). Maximum $1,500. 2-day cancellation period applies.
How long is the cooling-off period in Newfoundland and Labrador?
Newfoundland and Labrador provides a 2-day cooling-off period, allowing you to cancel your payday loan without penalty within 2 days of signing.
Who regulates payday loans in Newfoundland and Labrador?
Payday loans in Newfoundland and Labrador are regulated by Department of Digital Government and Service NL. You can verify licensed lenders at https://www.gov.nl.ca/dgsnl/
Can I get a payday loan online in Newfoundland and Labrador?
Yes, many FCAC-regulated lenders offer online payday loans to Newfoundland and Labrador residents. Applications are processed 100% online with same-day approval and Interac e-Transfer disbursement available.
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