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Payday loans in Nova Scotia: rules, costs and licensed lenders

Nova Scotia payday loans can't cost more than $14 for every $100 borrowed and are capped at $1,500 for up to 62 days. Lenders need a provincial licence, and the maximum fee for a bounced payment is set by regulation, not by the lender.

Last reviewed November 7, 2026

Max cost
$14 per $100
Max loan
$1,500
Max term
62 days
Regulator
Service Nova Scotia (Consumer Affairs)

Payday loan rules are set by each province and can change. Figures on this page were last checked on November 7, 2026 against Service Nova Scotia (Consumer Affairs). Always confirm with the lender’s contract and your regulator.

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$500
Most a payday loan can cost
$70
You’d pay back
$570

Based on the $14 per $100 legal maximum. Lenders can charge less, never more.

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How are payday loans regulated in Nova Scotia?

Nova Scotia licenses payday lenders and sets their maximum charges by regulation. Since January 2025 the cost of borrowing is capped at $14 per $100, matching the federal limit that applies in provinces with payday loan laws.

What will it cost me?

Borrowing $400 until your next payday costs up to $56. Repaying late adds a capped default charge and interest on the overdue amount, and your bank may add its own NSF fee on top. Ask both the lender and your bank what those would be before you sign.

What should Nova Scotians try first?

  • A small loan or overdraft from a credit union or bank.
  • A payment arrangement with Nova Scotia Power or your landlord.
  • Free help from a non-profit credit counselling agency, which can negotiate with creditors on your behalf.

What are the payday loan rules?

Payday loan rules in Nova Scotia
Maximum cost of borrowing$14 per $100 borrowed, all fees included
Maximum loan$1,500
Maximum term62 days
Dishonoured payment feeUp to $20
RegulatorService Nova Scotia (Consumer Affairs)

Source: Service Nova Scotia (Consumer Affairs). Last reviewed November 7, 2026.

Which lenders are licensed here?

Cash Money

5.0/5

Cost per $100
$14.00
Borrow up to
$1,500
Funding
Next business day
Apply
Online and in-store

Licence verified AB, BC, MB, NB, NL, NS, ON, SK

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Applications go through our partner Loans Canada, which may match you with this or other lenders. Koke may be paid for referrals. Lenders decide approval, cost and terms.

Cost per $100
$14.00
Borrow up to
$1,500
Funding
Same day
Apply
Online and in-store

Licensed per lender AB, BC, MB, NS, ON, SK Confirm with regulator

Apply now Read review

Applications go through our partner Loans Canada, which may match you with this or other lenders. Koke may be paid for referrals. Lenders decide approval, cost and terms.

Cost per $100
$14.00
Borrow up to
$1,500
Funding
Same day
Apply
Online and in-store

Licensed per lender AB, BC, NS, ON Confirm with regulator

Apply now Read review

Applications go through our partner Loans Canada, which may match you with this or other lenders. Koke may be paid for referrals. Lenders decide approval, cost and terms.

Cost per $100
$14.00
Borrow up to
$1,500
Funding
Same day
Apply
Online and in-store

Licensed per lender AB, BC, MB, NB, NL, NS, ON, SK Confirm with regulator

Apply now Read review

Applications go through our partner Loans Canada, which may match you with this or other lenders. Koke may be paid for referrals. Lenders decide approval, cost and terms.

Payday loans by city

What will it cost?

Pre-filled with your province’s legal maximum. Lower it if your lender charges less.

Fee
—
Total to repay
—
Due date
—
Annual rate (APR)
—

Same amount on a credit card cash advance (assuming 22.99% APR plus a $5 fee): —

Payday loans are one of the most expensive ways to borrow. These figures are estimates. Your lender’s contract shows the real cost and must follow your province’s rules.

Results are estimates for illustration only. Your actual cost, due date and terms are in your loan agreement.

Compare licensed lenders in Nova Scotia See cheaper options first

Common questions

Is there a limit on how many payday loans I can have in Nova Scotia?

A lender can't roll an existing loan into a new one. Taking loans from several lenders at once is legal but is the quickest way into a debt cycle.

What does a $1,500 payday loan cost in Nova Scotia?

Up to $210 at the $14 per $100 maximum, so you would repay $1,710.

How do I check a Nova Scotia lender?

Ask for the lender's Nova Scotia licence and confirm it with the province's consumer affairs office before applying.

Ready to apply from Nova Scotia?

One application, about three minutes. Our matching partner shows you the offer that fits your answers, from a lender that works in Nova Scotia. Read the cost before you sign.

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Sources

Update log

  • — Page published; rules checked against the provincial regulator.