An application here moves through four steps: the form, income shown through a read only bank connection or pay documents, a written offer from a licensed lender, and the e-signature that releases the Interac e-transfer. A payday offer is priced as a fee per $100 with one repayment on your next pay date; an installment offer carries an APR and a term instead.
What to have ready
The form moves fastest with four things beside you: the chequing account your pay lands in, your employer's name and pay schedule, a working mobile number and email, and government photo identification.
| Item | Why the lender needs it |
|---|---|
| Chequing account that receives your pay | Income is read here, the e-transfer arrives here and the repayment comes out of it |
| Employer and pay schedule | Sets the single repayment date and the 30% of net pay ceiling New Brunswick puts on the advance |
| Mobile number and email | Carry the confirmation codes, the agreement and the transfer notice |
| Government photo identification | Confirms your name and that you are 19, New Brunswick's age of majority |
Step 1: the application form
The apply button opens the application platform, a separate site from this one; its form asks for your address, employer, pay frequency, amount and banking details, and sending it costs nothing.
Ask for an amount one deposit can clear. New Brunswick caps a payday loan at 30% of the net pay you will receive during the term, so a $1500 biweekly take home allows at most $450, and first loans usually land between $100 and $500. Borrowing $300 costs $42, meaning $342 comes out on the pay date after funding. When the bill is bigger than a paycheque, a furnace or a transmission usually is, the installment route fits better.
Start the application
Step 2: income verification
Most lenders read income through a read only bank connection: a secure window opens, you log in to your own online banking, the lender sees roughly 90 days of activity and the session closes. It takes about a minute, cannot move money and never reveals your password. Uploading pay stubs and a bank statement works too, at the cost of about an extra business day.
Uneven deposits get read in context. Longshore hours that follow the shipping schedule, a contractor paycheque that ends when a refinery turnaround wraps up, or tips uptown that thin after the last cruise ship in early November are all weighed against the steadier pattern around them when the lender sizes an offer.
Step 3: the lender match and the offer
Your file goes to licensed lenders whose criteria match your province, income and amount, and one that wants the loan replies with a written offer in dollars. Here the two products split.
A payday offer states the amount, the fee, the total and one repayment date. The law pins the fee at $14 per $100 or less, places the date on your next pay date within 62 days and holds the advance at or under 30% of the net pay you will receive during the term. The agreement must also say in writing that a payday loan is a high cost loan and show the APR. Compare the dollar figure against the cost table on the homepage and the payday loans Saint John page before signing.
An installment offer states the APR, the monthly amount, the number of payments and the total cost, with the APR at or under the federal 35% ceiling. The installment loans Saint John page works each term's cost, and any optional insurance box is worth unticking before you accept.
Step 4: e-signature and funding
You sign on your phone, and the lender must give you a copy of the agreement plus the cancellation form the law requires, showing the cost in dollars, the total, the repayment date and how to cancel. With Auto Deposit on, the Interac e-transfer usually lands within minutes; accepting by email takes a few hours more. Evening and weekend timing lives on the e-transfer loans Saint John page.
How long it takes
A weekday payday application often runs form to funds inside two hours; an installment lender also reads a credit file, so its funding lands the same business day or the next.
| Stage | Payday loan | Installment loan |
|---|---|---|
| Form | About 5 minutes | About 5 minutes |
| Bank verification | About 1 minute | About 1 minute |
| Review and offer | Minutes in business hours | An hour to a business day |
| E-signature | A few minutes | A few minutes |
| E-transfer | Minutes with Auto Deposit | Same business day or next |
A form sent late on Friday generally sits until Monday. If rent on a South End flat clears on the first and your biweekly deposit lands on the third, send the form early that week rather than the night before.
What a decline usually means
A decline usually points at the bank account, not the credit score: no steady employment deposit, a chequing account opened a few weeks ago, repeated NSF entries, or an amount above 30% of the net pay the lender can see for the term. The bad credit loans Saint John page goes through each hard stop.
Your rights after signing
Receiving the money starts your cancellation clock under the Payday Lending Regulation and the Act behind it: for 48 hours, Sundays and other holidays not counted, written notice plus returning the advance ends the loan at no cost, no reason required, using the cancellation form the lender handed you at signing. If the lender never told you about that right, or was not licensed, you can cancel at any time. The same rules ban rollovers, allow one loan at a time with the same lender and keep every charge inside the $14 per $100.
New Brunswick writes no extended payment plan into its law, so if the repayment date looks impossible, call the lender before it arrives rather than after the debit bounces; a default can cost at most 2.5% a month, not compounded, plus at most $20 per dishonoured payment. Every payday lender needs an FCNB licence, online lenders included, and an online lender's licence must name its website; a licence is not an endorsement. A broken rule goes to FCNB; the complaints page lists what to gather first. How this site gets paid sits on the about page.
Loan options in Saint John
One page per product: who qualifies, how fast it funds and what to check before you sign.
