Payday loans in Saint John are capped at $14 per $100 under New Brunswick law: borrow $100 to $1500 for up to 62 days, repay in one payment on your next pay date, and never more than 30% of the net pay you receive during the term. This page works every cost in dollars.
What Payday Loans in Saint John Cost at $14 per $100
Payday loans in Saint John cost at most $14 per $100 borrowed, a ceiling the Payday Lending Regulation ties to the federal Criminal Code limit, so a $300 loan costs $42 and $342 comes out of your account on payday.
| You borrow | The fee | Withdrawn once on your pay date |
|---|---|---|
| $100 | $14 | $114 |
| $300 | $42 | $342 |
| $500 | $70 | $570 |
| $1000 | $140 | $1140 |
| $1500 | $210 | $1710 |
Every licensed lender prices under the same ceiling, so shopping around changes service, not cost. On a 14 day term the cap works out to about 365% APR, which is why this product fits a one cheque gap and nothing longer. The legal maximums are $1500 and 62 days. That flat fee structure is what separates payday loans in Saint John from every monthly product on this site.
The 30% of Net Pay Rule Sets the Amount
New Brunswick caps a payday loan at 30% of the net pay you will receive during the term, so the lender reads your actual deposits before quoting a number. A bigger ask does not move the ceiling; only the paycheque does.
| Net pay arriving during the term | Largest loan the law allows |
|---|---|
| $800 | $240 |
| $1100 | $330 |
| $1500 | $450 |
| $2000 | $600 |
In practice first loans land between $100 and $500 whatever the arithmetic allows, because a new lender starts small and sizes up only after a clean repayment. Treat that as a feature: the rule exists so one withdrawal cannot hollow out the cheque that follows it.
Check what your paycheque supports
One Payment on Your Next Pay Date
A New Brunswick payday loan is repaid in a single payment on your next pay date, never in installments, and the whole arrangement must close inside 62 days. The due date is therefore your pay calendar, read back at you.
Saint John runs on several of those calendars at once. The Regional Hospital and St. Joseph's pay rotations every second week, and City, provincial and federal deposits land on the same biweekly beat. Longshore and terminal hours on the west side follow the shipping schedule, and uptown restaurant tips follow the cruise ships until the last call in early November.
Contractor pay complicates it usefully. Refinery turnarounds and Point Lepreau outages push waves of trades through the west side for weeks at a time, and that pay follows the project rather than the calendar. For payday loans in Saint John the rule still holds twice over: the due date follows whichever cheque is next, and the 30% ceiling is read against that cheque alone.
Line the due date up with the deposit, not the day after rent. The Loans Saint John homepage sets those pay clocks beside both loan types if you are still choosing between them.
Who Qualifies for Payday Loans in Saint John at 19
You qualify for payday loans in Saint John at age 19 or older with employment income from a full time or part time job, a chequing account in your own name, a New Brunswick address and a working phone and email. A credit score is not on that list.
Verification is a read only bank connection that takes about a minute and shows the lender your deposit pattern. The how it works page walks each screen in order, and the form itself is short enough to finish in a break room before a shift or on the route 1 bus to McAllister Place.
Nothing on the list cares which side of the harbour you live on either. A Crescent Valley call in roster, a South End hotel schedule and a Millidgeville rotation all qualify the same way: by the deposits they leave behind in the account.
48 Hours to Cancel, Sundays and Holidays Not Counted
You can cancel a payday loan at no cost within 48 hours of receiving the money, and Sundays and other holidays never count inside that window. Money received Friday evening can still be handed back Monday evening without owing a cent of the fee.
The mechanics are written notice plus returning the advance. The lender must give you a cancellation form at the moment the loan is made and must refund any fee immediately once you use it. The window is the same online and in person.
Keep the agreement PDF and the e-transfer notice. The 48 hours are measured from receiving the money, and that paperwork proves both ends of the clock if it is ever argued.
Two situations stretch the right further: if the lender never told you about it, or was never licensed, you can cancel at any time, with no 48 hour limit.
One Loan at a Time and No Rollovers
A lender can hold only one payday loan with you at a time in New Brunswick, and rolling a loan over is banned outright. That covers extensions or renewals that add fees and the old trick of a new loan to pay out the last one.
The Cost of Credit Disclosure and Payday Loans Act adds more quiet protections in sections 37.1 to 37.46. A payday lender cannot take security on your property, cannot make you buy anything else to get the loan, and cannot collect through an assignment of your wages. The written agreement must say the loan is a high cost loan and show the APR, the total cost and every payment date.
A Short Cheque: No Extended Plan in New Brunswick
New Brunswick has no mandatory extended payment plan, so the honest move when the cheque will come up short is calling the lender before the due date and asking what it will accept. The province does not hand you a schedule; the conversation is the tool.
Default costs are capped all the same: at most 2.5% a month on the amount in default, not compounded and charged at most once in any 30 days, plus at most $20 for each dishonoured cheque or pre-authorized debit. On a $400 default that is at most $10 a month in penalty, plus $20 if the debit bounced.
If the same gap returns every winter, the product is wrong, not the month. The installment loans page works the monthly alternative for bills that need more than one cheque.
Checking a Lender's FCNB Licence
Every payday lender serving Saint John needs a licence from the Financial and Consumer Services Commission, FCNB from here on, and an online lender's licence must name the website it operates. Check before you hand over banking details, and remember a licence is not an endorsement.
FCNB also takes the complaints: a fee above the cap, a missing cancellation form, a rollover dressed up as a renewal. The FCNB payday lenders page explains the rules in plain language and is worth five minutes before any first loan.
Funding itself usually arrives by Interac e-transfer; the e-transfer loans page follows that clock hour by hour, from a morning application to the deposit.
Apply with an FCNB licensed lender
Payday Loans Saint John FAQ
What does a $400 payday loan cost in Saint John?
$56, which is the $14 per $100 cap applied to $400, so $456 is withdrawn once on your next pay date. The price is identical at every licensed lender because the cap is a ceiling, and any charge above it belongs in a complaint to FCNB.
Can I hold two payday loans at the same time?
Not with the same lender; New Brunswick allows one at a time. A second loan from a different lender shows up in the bank verification, and most read it as a decline, because two withdrawals rarely survive a single cheque.
Does Sunday count against the 48 hour cancellation window?
No. Sundays and other holidays are excluded from the count, which is why money received Friday evening can still be cancelled Monday evening at no cost. Return the advance with written notice and the fee comes back immediately.
I am paid weekly at a contact centre. When is my loan due?
On your next pay date, so your term is short and the 30% ceiling is read against the net pay arriving inside it. Weekly pay usually means a smaller maximum loan than a biweekly cheque carrying the same monthly income.
Can a lender charge more for an evening or weekend application?
No. The $14 per $100 cap holds whenever and however you apply, online or in person, quiet Tuesday or payday Friday. Timing and channel change nothing about the price of the loan.
What if the lender turns out to be unlicensed?
You can cancel at any time, with no 48 hour limit on the right, and FCNB takes the complaint. Check the licence before applying; an online lender's licence has to name the exact website you are using.
Loan options in Saint John
One page per product: who qualifies, how fast it funds and what to check before you sign.
