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Home Equity Loans Newfoundland, Canada

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  • chTransparency in rates & terms
up Last updated

June 12, 2025

up Written by:

Amy Orr

up Reviewed by:

Jenna West

Home equity loans in Newfoundland is a great option for you if you need access to quick cash. The money can be used towards paying off your emergency bills, debts, or fixing up your home. A home equity loan is a type of loan where you use the equity of your home to take out a loan from a lending institution. You must be a property owner in Newfoundland to qualify for a home equity loan. There are many lending institutions in Newfoundland that can help you obtain a home equity loan. The application process is usually quick and simple, and you can apply at your own convenience. Upon meeting the lender’s minimum requirements, you can expect to receive an approval decision in a short amount of time.

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AMOUNT
$500 - $150,000
INTEREST RATE
9.99% - 34.99%
TERMS
9 - 240 months
AMOUNT
$50K - $10M
INTEREST RATE
From 4.09%
TERMS
6 - 60 Months
AMOUNT
$50K - $10M
INTEREST RATE
Varies
TERMS
1 - 10 Years
AMOUNT
$50K - $10M
INTEREST RATE
From 5.44%
TERMS
5 Years

Newfoundland Info Box

  • Based on the most up-to-date available information, an average Newfoundland inhabitant earns $30 per hour.
  • As of latest Census the population of Newfoundland counts 520,000.
  • On the average each inhabitant of Newfoundland is leveraged by an estimated $23,900 in consumer debt.
  • Based on the most recent stats, an average resident of Newfoundland makes $46,200 per month.
  • As per the latest research, Newfoundland reports 168,000 listed home owners.
This data was researched in 2019 and uses various information resources, including Canada’s National Statistics Agency, etc., where the information can be as of an older date. The facts above may change as new information becomes available. We do our best to keep the information up to date.

Our online financial platform is your one-stop source for locating local Home Equity Loan lenders in Newfoundland for your borrowing needs.

Check our list of Home Equity Loan lenders to get access to the latest Home Equity Loan rates in Newfoundland.

Home Equity Loans are usually utilized for the following purposes (including but not limited to)

  • gaining access to a large lump sum of money outright
  • conducting home improvements
  • conducting discretionary expenditures
  • having lower capital outlay to complete the expenditures
  • lower principal payments per month due to extended terms

av
writtenWritten by:

Amy Orr

Amy Orr is a professional writer and editor with over 10 years of experience in the Canadian, U.S. and U.K. financial markets. She has written for numerous publications on topics as diverse as economic literacy, corporate finance, and technical analysis of numerical data. Prior to transitioning to full-time writing, she worked in the hedge fund sector. Her academic background is astrophysics, and she has a Masters in Finance from the University of Edinburgh Business School.

av
writtenReviewed by:

Jenna West

Jenna West is Smarter Loans' in-house financial writer and content director. She has been covering the Canadian FinTech and finance industry since 2017, including financial trends analysis, industry surveys, regulatory updates and changes in Canadian consumer behaviour when it comes to finance.

Awesome G.
04:46 26 Feb 25
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Pat M.
03:10 26 Feb 25
Good place to get a loan
Chris “Stufphr” H.
02:07 26 Feb 25
When you feel in need of a loan do it smart and make it a Smarter Loans.
Dan Bott (.
01:41 26 Feb 25
Very Helpful, was assisted in a timely fashion and was ultimately able to receive assistance; I highly recommend!!!
joel K.
22:59 25 Feb 25
I have recommended this place to many friends I feel that this company goes out of their way to help people that they can and they are very easy to work with
Nate C.
13:22 27 Oct 24
This company is reliable, quick, and just has the best customer service and rates it is a easy process with quick results. Would definitely recommend to anyone that needs the help.
Vincent J.
07:08 23 Oct 24
Good place for borrowing a bit of money 😁
Kels H.
06:41 23 Oct 24
Personally love this opportunity and app. Super convenient and easy to use and super awesome variety of great loans. Thanks so much guys for making such an awesome site and app and being there for me over the years. :)
Tara H.
16:23 16 Oct 24
From beginning to end, my experience was great! Very professional and personable agents. They only asked questions that were needed for the loan and payments were extremely reasonable. Would recommend to anyone who needs emergency funds.
A S.
19:43 11 Oct 24
“ Thank you SO very much! My situation was tricky and you guys made the whole process so effortless. The way you guys handle the whole process so discreetly. That truly speaks to how well your office is run and the caliber of specialists who handled the processing of my entire loan!”

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