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Payday loans in Nunavut: rules, costs and licensed lenders

Nunavut has no payday loan licensing, so payday loans at typical rates aren't legal for Nunavut residents, and all lending must stay under 35% APR. Banks, the territory's income assistance program and payment arrangements are the usual alternatives.

Last reviewed November 7, 2026

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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.

About 3 minutes. Koke is not a lender; we may be paid when you apply. No SIN or banking login asked.

Can I get a payday loan in Nunavut?

No. Nunavut doesn’t regulate payday lending, so the federal exemption that lets payday lenders charge more than 35% a year doesn’t apply. A website offering a standard payday loan to a Nunavut address isn’t following the law.

What are the alternatives?

  • A small personal loan or overdraft from your bank.
  • Nunavut’s Income Assistance program for urgent needs, if you qualify.
  • Payment plans with Qulliq Energy or your phone provider for overdue bills.

What are the payday loan rules?

Nunavut has no provincial payday-loan licensing, so Koke does not list payday lenders here. Loans in this area are subject to the federal criminal interest rate of 35% APR.

Which lenders are licensed here?

We haven’t verified any lenders licensed in Nunavut for Nunavut yet. In the meantime, the help listed below may cost you less.

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 Nunavut See cheaper options first

Common questions

Why aren't there payday lenders on Koke for Nunavut?

Nunavut has no payday loan licence, so lenders can't legally offer them there.

What is the highest legal interest rate in Nunavut?

35% a year, under the federal Criminal Code.

Where can I get help with an emergency expense?

Contact your community's Income Assistance office about emergency support.

Ready to apply from Nunavut?

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

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Update log

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