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Personal Loans Moncton

  • chAccess to over 50 lenders in one place
  • chTransparency in rates & terms
up Last updated

August 26, 2025

up Written by:

Amy Orr

up Reviewed by:

Jenna West

Borrowing cash quickly need not cost the earth or jeopardise your credit, as long as you choose your personal loan wisely. That’s why we recommend the lenders shown in the table below. All of these options meet our standard for excellence for personal loans in Moncton. Take a look:

Compare Lenders

AMOUNT
Up to $20,000
INTEREST RATE
19.8% - 34.99%
TERMS
36 months
AMOUNT
$1,000 - $5,000
INTEREST RATE
19.9% - 34.5%
TERMS
12 - 36 months
AMOUNT
$500 - $35,000
INTEREST RATE
9.99% - 34.95%
TERMS
9 - 84 Months
AMOUNT
$150-$1000
INTEREST RATE
30.4% APR
TERMS
30 Days
AMOUNT
$500 - $1,000
INTEREST RATE
Varies
TERMS
3 - 6 months
AMOUNT
$30 - $250
INTEREST RATE
0%
TERMS
N/A
AMOUNT
$20-$500
INTEREST RATE
0%
TERMS
N/A
AMOUNT
$500 - $2,500
INTEREST RATE
18.99%
TERMS
Variable
AMOUNT
$500 - $150,000
INTEREST RATE
9.99% - 34.99%
TERMS
9 - 240 months
AMOUNT
$500 - $25,000
INTEREST RATE
34.56% - 34.95%
TERMS
6 - 84 Months
AMOUNT
$500 - $15,000
INTEREST RATE
34.37%
TERMS
12 - 60 Months
AMOUNT
$1,500 to $10,000
INTEREST RATE
Varies
TERMS
12 - 60 months
AMOUNT
$100 - $20,000
INTEREST RATE
34.37%
TERMS
6 - 84 Months
AMOUNT
$1,000 – $15,000
INTEREST RATE
19.9% - 34.9%
TERMS
Line of Credit
AMOUNT
Up to $250
INTEREST RATE
0% APR (Has Fees)
TERMS
Varies
AMOUNT
$100 - $1,500
INTEREST RATE
Varies
TERMS
2 months

What can I use a personal loan in Moncton for?

Research shows that just 48% of Atlantic Canadians are confident they can afford their basic living expenses over the next year, and even though Moncton is one of the most affordable cities in New Brunswick to live in (the average cost of living is $1,658 per person per month), it’s no different here. A greater proportion of the population lives paycheque to paycheque than anywhere else in Canada, and New Brunswickers are the most worried about their finances compared to other provinces.

The good news is that personal loans can be used to help with the cost of living; utilities, transport costs, rent, mortgage payments, other debt payments, groceries, child care… All are legitimate uses of personal loan funds.

Personal loans aren’t just for everyday costs though. Emergency expenses (like car repairs, medical bills and so on) are common reasons for taking out a personal loan, as a loan spreads the cost of an otherwise unaffordable big bill out over time.

The same is true for expenses related to big life changes. 32% of Atlantic Canadians put off important steps, like buying a house (the current median house price in Moncton is $420,000, and only 55.9% enjoy home ownership) or having kids, because of the cost. A loan can help make these dreams affordable and achievable, as few are in a position to save large chunks of capital themselves.

What paperwork do I need to get a personal loan in Moncton?

The days of long-winded loan application forms and endless paperwork are over; the rise of online loans means that, today, even traditional personal loan providers like banks offer convenient, easy-to-use online application processes. These online systems still require some documentation though, even if it is only in digital form.

You can be certain that whichever personal loan provider in Moncton you choose, you will have to prove your identity (with I.D.) and address (with a bill or bank statement), as well as details of a bank account in your own name.

These are the basics, but it’s possible you’ll be asked for other items too, depending on the lender and loan you’ve chosen. This can include proof of employment (e.g. a contract), proof of income (e.g. paystubs or tax records), details on your existing outgoings (e.g. 3-6 months of bank statements), or proof of ownership of assets (e.g. title for your car or home). Always check a lender’s application requirements before you begin, so you can be sure you’ve got all the necessary items.

What income do I need to get a personal loan in Moncton?

Some (though not all) lenders have rules regarding the type and level of income an applicant must have in order to be approved for a loan. However, these rules are not uniform; the types of income accepted vary, as do the levels of income.

For example, traditional lenders like banks have fairly strict criteria; they usually require full-time employment income (bad news for the third of Moncton’s residents who do not have traditional employment) and a minimum income level (e.g. CIBC’s is $17,000 per year). Given New Brunswick’s average wage is eighth amongst the provinces, this rules out a lot of potential borrowers.

Other lenders, including online and alternative lenders, don’t mind what form of income an applicant has, so long as it’s regular. This provides a borrowing option for the 6.4% unemployed, 5.4% on social assistance, and 19% retired Moncton residents, many of whom still need access to personal loans. Always check a lender’s eligibility requirements to be sure you meet them, before you apply.

What credit score do I need to get a personal loan in Moncton?

Not every personal loan relies on a credit check, but some do. The average credit score in Moncton is one of the lowest of any of Canada’s major cities, at just 640 – a full 32 points lower than the national average. And this is not high enough to meet the strictest of the credit thresholds (650) set by some personal loan lenders (the big banks).

However, most non-bank lenders accept borrowers with any score that’s considered “fair” or “good” – meaning 560 or above. And certain lenders specialize in lending to bad credit borrowers (those with a score of less than 560). So everyone has some options. It helps if you know your credit score before you start shopping for a loan, so you can be clear which lenders will work with you.

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
I’m very honoured to shear my experience with this illustrious platform. To be able to systematically choose from a list optional to one’s profile without doing much leg work is truly rewarding. This platform allowed to expand my options and chose which lenders fit my profile, thank you and continue doing what you do best,, connecting people to available wealth opportunities.
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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