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Province · NS

Payday loans in Nova Scotia: online lenders and what the law allows

Payday loans in Nova Scotia cost at most $14 per $100 borrowed and are limited to $1,500 for up to 62 days. Lenders must be licensed in the province; Service Nova Scotia is the regulator. Check a lender’s licence before you borrow, and compare the cost with cheaper alternatives.

Last reviewed November 14, 2026 by the Public Cash Services editorial team

What are the payday-loan rules in Nova Scotia?

Nova Scotia payday-loan rules at a glance
Maximum cost of borrowing	$14 per $100 borrowed, all fees included
Maximum loan amount	$1,500
Income-based limit	Up to $1,500.
Loan term	Up to 62 days.
Right to cancel	A short cancellation window applies — confirm the current period with the regulator.
Rollovers	Not allowed. A lender cannot extend or renew a payday loan for an extra fee, or issue a new loan to pay off the old one.
Dishonoured payment	A one-time fee (commonly up to $20) if a cheque or pre-authorized debit is dishonoured.
Licence required	Yes — storefront and online lenders
Regulator	Service Nova Scotia
Legislation	Consumer Protection Act (Nova Scotia), Payday Lenders Regulations

Sources: Service Nova Scotia; Financial Consumer Agency of Canada; Criminal Interest Rate Regulations. Last reviewed November 14, 2026.

Check a lender’s licence with the regulator (opens in a new tab)

Who regulates payday lenders in Nova Scotia?

Service Nova Scotia licenses payday lenders under the Consumer Protection Act (Nova Scotia), Payday Lenders Regulations. The same licence is required for online lenders that serve residents of the province.

Which licensed lenders serve Nova Scotia?

Cash Money

Licence numbers published

Cash Money has offered payday loans in Canada since 1992, online and through a store network, alongside a line of credit.

Cost per $100: $14
Up to: $1,500
Funding: e-Transfer in about 15 minutes once approved, or cash in store (reported)
Serves: BC, MB, NL, NS, ON, SK

“Get Started Now” opens our personal-loan request, handled by our lending partner — it is not an application to Cash Money.

easyfinancial

Installment loan · 35% APR cap applies

easyfinancial, part of goeasy, offers instalment loans from $500 to $20,000 unsecured through about 400 branches and online in every province.

Rate: 29.99% to 34.99%
Up to: $20,000
Funding: Decision reported within about 30 minutes
Serves: AB, BC, MB, NB, NL, NS, ON, PE, SK

“Get Started Now” opens our personal-loan request, handled by our lending partner — it is not an application to easyfinancial.

Fairstone

Installment loan · 35% APR cap applies

Fairstone is a national instalment lender with more than 250 branches, offering unsecured loans up to $25,000 and larger secured loans for homeowners.

Rate: 19.99% to 34.99%
Up to: $25,000
Funding: Typically the next business day
Serves: AB, BC, MB, NB, NL, NS, ON, PE, SK

“Get Started Now” opens our personal-loan request, handled by our lending partner — it is not an application to Fairstone.

Fig

Installment loan · 35% APR cap applies

Fig is an online personal-loan lender for borrowers with good credit, offering $2,000 to $35,000 at rates from 8.99% APR.

Rate: 8.99% to 29.49%
Up to: $35,000
Funding: Two to three business days (reported)
Serves: AB, BC, MB, NB, NS, ON, PE, SK

“Get Started Now” opens our personal-loan request, handled by our lending partner — it is not an application to Fig.

GoDay

Licence numbers published

GoDay is a Toronto-based online payday lender licensed in eight provinces, from British Columbia to Prince Edward Island.

Cost per $100: $14
Up to: $1,500
Funding: e-Transfer in about an hour once approved (reported)
Serves: AB, BC, MB, NB, NS, ON, PE, SK

“Get Started Now” opens our personal-loan request, handled by our lending partner — it is not an application to GoDay.

iCash

Licence numbers published

iCash is an online-only payday lender serving seven provinces, with applications and e-Transfer funding available around the clock.

Cost per $100: $14
Up to: $1,500
Funding: e-Transfer within minutes of approval, 24/7 (reported)
Serves: AB, BC, MB, NB, NS, ON, PE

“Get Started Now” opens our personal-loan request, handled by our lending partner — it is not an application to iCash.

LendDirect

Line of credit · 35% APR cap applies

LendDirect offers an online personal line of credit of up to $15,000, with no fixed end date and interest charged only on what you draw.

Rate: Up to 34.99%
Up to: $15,000
Funding: e-Transfer shortly after approval (reported)
Serves: AB, BC, MB, NB, NL, NS, ON, SK

“Get Started Now” opens our personal-loan request, handled by our lending partner — it is not an application to LendDirect.

Loan Express

Licence check pending

Loan Express is an online payday lender that has operated since the mid-2000s and serves eight provinces, including Newfoundland and Labrador.

Cost per $100: $14
Up to: $1,500
Funding: e-Transfer or bank transfer shortly after approval (reported)
Serves: AB, BC, MB, NB, NL, NS, ON, SK

“Get Started Now” opens our personal-loan request, handled by our lending partner — it is not an application to Loan Express.

Money Mart

Licence numbers published

Money Mart is Canada’s largest storefront payday lender, with more than 360 locations plus online applications.

Cost per $100: $14
Up to: $1,500
Funding: Cash in store; online loans often within an hour (reported)
Serves: AB, BC, MB, NS, ON, PE, SK

“Get Started Now” opens our personal-loan request, handled by our lending partner — it is not an application to Money Mart.

My Canada Payday

Licence numbers published

My Canada Payday is an online payday lender operated by Westrock Financial Ltd., lending up to $1,500 in six provinces.

Cost per $100: $14
Up to: $1,500
Funding: Interac e-Transfer, often the same day (reported)
Serves: AB, BC, MB, NS, ON, SK

“Get Started Now” opens our personal-loan request, handled by our lending partner — it is not an application to My Canada Payday.

PAY2DAY

Licence numbers published

PAY2DAY is an Ontario-based payday lender with more than 30 stores in Ontario and British Columbia and online lending in three provinces.

Cost per $100: $14
Up to: $1,500
Funding: e-Transfer within one to two hours once approved (reported)
Serves: BC, NS, ON

“Get Started Now” opens our personal-loan request, handled by our lending partner — it is not an application to PAY2DAY.

Speedy Cash

Licence numbers published

Speedy Cash is a storefront and online payday lender operating in Alberta, British Columbia, Saskatchewan and Nova Scotia.

Cost per $100: $14
Up to: $1,500
Funding: Between 30 minutes and one business day (reported)
Serves: AB, BC, NS, SK

“Get Started Now” opens our personal-loan request, handled by our lending partner — it is not an application to Speedy Cash.

What would a loan cost in Nova Scotia?

Estimated cost Ontario

You borrow: $500.00
Total fee: $70.00
Due date: —
Annual rate for this term: 365%
You repay: $570.00

Payday loans are expensive short-term credit. Results are estimates only. Your lender’s agreement shows the actual cost, dates and fees.

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