Installment Loans in New Brunswick
Borrow what you need and pay it back in fixed monthly installments. Match with licensed Canadian lenders in minutes. Available to residents of New Brunswick.
Apply Now - It's FreeWhat to know about installment loans in New Brunswick
An installment loan is a loan with a set amount, a set interest rate, and a set repayment schedule. You receive the full amount up front and pay it back in equal monthly installments over a fixed term.
This is different from revolving credit like a credit card. With an installment loan, you cannot re-borrow the money once you pay it down. The loan ends when the final payment is made.
Installment loans are common for amounts between $1,000 and $25,000 in Canada. Terms typically run from 12 to 60 months. Shorter terms cost less in total interest but mean larger monthly payments.
When Canadians use installment loans
- ✓Predictable monthly budgeting with the same payment every month
- ✓Larger purchases that you would rather pay off over time than on a credit card
- ✓Replacing a single big bill with smaller, scheduled payments
- ✓Building or rebuilding payment history with on-time installments
Lending rules in New Brunswick
New Brunswick caps payday loans at $15 per $100 borrowed. The Financial and Consumer Services Commission regulates payday lenders and other consumer credit providers. New Brunswickers also have access to a strong credit union sector for personal and installment loans.
Provincial regulator: Financial and Consumer Services Commission (FCNB)
Available across New Brunswick
We help match residents in cities and towns throughout New Brunswick, including:
How LoanLink Canada works
Submit one short form
Tell us your name, contact info, province, and how much you want to borrow. About 3 minutes.
We match you to lenders
Your request is sent to licensed Canadian lenders in our network who serve your area.
Compare offers
Lenders contact you directly. You compare rates and terms, then choose what works for you.
What you need to apply
- You are a Canadian resident, 18 or older and live in New Brunswick.
- A valid email address and phone number we can reach you at.
- A general idea of how much you want to borrow (between $100 and $50,000).
- A few minutes of your time. The form is short and free to submit.