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Home › Installment Loans in Newfoundland and Labrador

Installment Loans in Newfoundland and Labrador

One application. 16 lenders from our 50+ network. Funded in 24 to 48 hours.

16 lenders in our network serve Newfoundland and Labrador. Borrow $100 to $150,000 at 9.99 to 34.99% APR, with funding as fast as 1 hours. Every lender is subject to the 35% federal rate cap. Most lenders ask for $1,500 monthly income. Rates reviewed August 2026.

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Amount: AnyCredit: Any Province: Any Sort: Recommended
★★★★★ 4.4 (11)
Amount
$3,200 - $20,000
Rate (APR)
19.8 - 34.99% APR
Terms
36 months
Funding
3 hours
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Best for Borrowers with fair credit who want a fixed three-year payoff on a mid-size balance · Line of credit
★★★★★ 4.4 (14)
Amount
$500 - $35,000
Rate
From 9.99% APR
Terms
6 - 84 months
Funding
48 hours
Apply Now View profile
Best for Borrowers with fair or poor credit who want a long repayment runway and a path to better credit · Instalment loan
★★★★★ 4.5 (11)
Amount
$500 - $2,500
Rate (APR)
18.99% APR
Terms
3 - 6 months
Funding
24 hours
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Best for Ontario and Quebec borrowers who want a small short-term loan at a rate well below the cap · Instalment loan
★★★★★ 4.7 (12)
Amount
$500 - $750
Rate (APR)
23% APR
Terms
3 - 6 months
Funding
24 hours
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Best for Borrowers who need a few hundred dollars quickly and want a rate well under the cap · Instalment loan
★★★★★ 5.0 (2)
Amount
$30 - $250
Rate (APR)
0% APR
Terms
Revolving
Funding
48 hours
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Best for People who need a very small advance and want to avoid interest entirely · Line of credit
★★★★★ 4.5 (13)
Amount
$15 - $750
Rate (APR)
0% APR
Terms
0 - 3 months
Funding
1 hours
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Best for People who need to bridge a small gap before payday without paying interest · Line of credit
★★★★★ 4.6 (20)
Amount
$500 - $20,000
Rate (APR)
9.99 - 34.99% APR
Terms
9 - 84 months
Funding
48 hours
Apply Now View profile
Best for Borrowers who want branch support and the option to scale from a small unsecured loan to a large secured one · Instalment loan · Also offers: secured loan
★★★★★ 5.0 (4)
Amount
$100 - $1,500
Rate
$14 per $100 borrowed
Funding
48 hours
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Best for Borrowers who need a payday advance in a province where their options are limited · Payday loan
★★★★★ 4.3 (18)
Amount
$500 - $25,000
Rate (APR)
34.56 - 34.95% APR
Terms
6 - 84 months
Funding
48 hours
Apply Now View profile
Best for Borrowers who want one provider for both a short-term advance and a larger instalment loan · Instalment loan · Also offers: instalment loan
★★★★★ 4.4 (28)
Amount
$300 - $3,500
Rate (APR)
34.37% APR
Terms
12 - 60 months
Funding
48 hours
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Best for Borrowers who want a small revolving line of credit managed entirely from an app · Line of credit
★★★★★ 5.0 (2)
Amount
$500 - $1,000
Rate
From 22% APR
Terms
3 - 6 months
Funding
48 hours
Apply Now View profile
Best for Quebec borrowers who need a small short-term loan · Instalment loan
★★★★★ 4.8 (26)
Amount
$1,500 - $20,000
Rate (APR)
34.86% APR
Terms
12 - 60 months
Funding
48 hours
Apply Now View profile
Best for Ontario borrowers with fair credit who need $1,500 or more and have been declined elsewhere · Instalment loan
★★★★★ 4.6 (16)
Amount
$500 - $10,000
Rate (APR)
34.99% APR
Terms
Revolving
Funding
1 hours
Apply Now View profile
Best for Borrowers who want a payday advance and a longer-term line from the same provider · Line of credit · Also offers: payday loan
★★★★★ 5.0 (4)
Amount
$100 - $15,000
Rate (APR)
34.99% APR
Terms
Revolving
Funding
1 hours
Apply Now View profile
Best for Borrowers who want an open revolving line they can draw from as needed · Line of credit
★★★★★ 4.9 (8)
Amount
$1,000 - $15,000
Rate (APR)
19.9 - 34.9% APR
Terms
Revolving
Funding
24 hours
Apply Now View profile
Best for Borrowers who want revolving credit they can draw on repeatedly rather than a one-time lump sum · Line of credit
★★★★★ 4.5 (13)
Amount
$100 - $1,500
Rate
$14 per $100 borrowed
Funding
1 hours
Apply Now View profile
Payday loan
NEWFOUNDLAND AND LABRADOR BORROWING SNAPSHOT · H1 2026
Newfoundland and Labrador personal loan requests average $6,257, and 49.5% are for under $5,000. Top purpose: Pay Off Bills, with debt consolidation requests averaging $9,967. 93.8% of applicants apply with fair or poor credit.
Source: Smarter Loans platform data, H1 2026 · Full Newfoundland and Labrador data in the Lending Demand Index
WHAT NEWFOUNDLAND AND LABRADOR BORROWERS REQUEST
Pay Off Bills
34.1%
Debt Consolidation
22.1%
Other
13%
Average request for pay off bills: $4,275; for debt consolidation: $9,967 · Source: Smarter Loans platform data, H1 2026
WHERE NEWFOUNDLAND AND LABRADOR DEMAND COMES FROM
St Johns 12.7% · Mount Pearl 6.7% · Bonavista 5.4% · Corner Brook 4.3% · Labrador City 3.7%
Share of Newfoundland and Labrador personal loan requests · Source: Smarter Loans platform data, H1 2026

Common questions

What is the maximum interest rate on a personal loan in Newfoundland and Labrador?

35% APR under the federal criminal rate, fees included. NL regulated payday lending only in 2019, later than any other province, but instalment loans and credit lines here are governed by the same federal cap as everywhere else plus the province's Consumer Protection and Business Practices Act.

Can I get a personal loan in Newfoundland with bad credit?

Yes. of the lenders serving NL approve without a credit check. Seasonal and rotational work is a fact of the province's economy, and lenders serving NL routinely accept EI stubs, seasonal contracts, and rotation schedules as income documentation where a bank might not.

One application. 16 lenders. Apply Now