Payday loans in New Brunswick: FCNB rules and the 30% limit
New Brunswick ties payday loans to a single, simple number: the take-home pay on your most recent pay stub. It also requires everyone who arranges a loan, not just the lender, to be licensed. Here’s what that means when you borrow.
Reviewed November 2026 by the Jessica’s House editorial team against federal and provincial lending rules. About 4 minutes to read.
Short answer
Payday loans in New Brunswick are regulated by the Financial and Consumer Services Commission (FCNB). The cost is capped at $14 per $100, a loan can’t exceed 30% of the take-home pay shown on your newest stub (with a $1,500 ceiling), and the term can’t exceed 62 days. Anyone who offers, arranges or provides payday loans to New Brunswick residents, online or in person, must hold an FCNB licence.
| Cost cap | $14 per $100 |
|---|---|
| Loan limit | 30% of the take-home pay on your newest stub, with a $1,500 ceiling |
| Longest term | 62 days |
| Licensing | Required for anyone who offers, arranges or provides payday loans to NB residents |
| Online lenders | Same licence and rules as storefronts |
| Prepayment | No penalty, but the full cost of borrowing is still owed |
Working out your New Brunswick limit
Find the take-home figure on your newest pay stub and take 30% of it. No single payday loan can be larger. Lenders may ask to see the stub, or confirm it from your bank deposits.
A Moncton example
Luc’s last stub shows $1,240 take-home. His limit is $372. At the maximum cost, a $350 loan is $49, so he repays $399.
Repaying early in New Brunswick saves stress, not money
Paying off early carries no penalty in New Brunswick, yet the lender keeps its whole fee. That’s different from an instalment or personal loan, where paying early cuts the interest. The practical lesson: choose a due date that matches when you’ll really have the money, rather than the earliest possible date.
If a payment is going to fail
Ring the lender before the debit date, not after. A returned payment can stack three costs at once: the lender’s charge, extra interest, and your own bank’s NSF fee. Most lenders would rather reschedule than collect.
Free help in New Brunswick
- 211 New Brunswick: free referrals to community, social and government services, in English and French.
- Social Development: emergency assistance for basic needs if you qualify.
- Non-profit credit counselling: free budgeting help and debt management plans across Atlantic Canada.
Questions people ask
How much can I borrow with a payday loan in New Brunswick?
30% of the take-home amount on your newest pay stub, capped at $1,500.
How do I check a New Brunswick payday lender?
Search FCNB’s list of licensed payday lenders. Online lenders and brokers serving NB residents need the same licence as storefronts.
Does repaying early lower the cost in New Brunswick?
No. Early payoff is penalty-free, but the full fee stays the same.
Apply with FCNB-licensed lenders
Your limit, your cost and your due date, all shown before you sign.
Start my New Brunswick application Read our borrowing checklist first