Instalment Loans by Province and Territory
Compare instalment loan options across all 13 Canadian provinces and territories. Choose your province to see loan types, cities, and the rules that apply.
Consumer lending in Canada is governed by federal law plus provincial consumer protection rules. The federal criminal rate of interest is 35% APR, while payday lending rules differ from province to province — nine provinces operate a regime and Quebec effectively bans payday loans.
Alberta
Compare instalment loans in Alberta. View loan types, cities, and provincial rules.
British Columbia
Compare instalment loans in British Columbia. View loan types, cities, and provincial rules.
Manitoba
Compare instalment loans in Manitoba. View loan types, cities, and provincial rules.
New Brunswick
Compare instalment loans in New Brunswick. View loan types, cities, and provincial rules.
Newfoundland and Labrador
Compare instalment loans in Newfoundland and Labrador. View loan types, cities, and provincial rules.
Northwest Territories
Compare instalment loans in Northwest Territories. View loan types, cities, and provincial rules.
Nova Scotia
Compare instalment loans in Nova Scotia. View loan types, cities, and provincial rules.
Nunavut
Compare instalment loans in Nunavut. View loan types, cities, and provincial rules.
Ontario
Compare instalment loans in Ontario. View loan types, cities, and provincial rules.
Prince Edward Island
Compare instalment loans in Prince Edward Island. View loan types, cities, and provincial rules.
Quebec
Compare instalment loans in Quebec. View loan types, cities, and provincial rules.
Saskatchewan
Compare instalment loans in Saskatchewan. View loan types, cities, and provincial rules.
Yukon
Compare instalment loans in Yukon. View loan types, cities, and provincial rules.
Loan Types Available Across Canada
How to Compare Offers in Your Province
Use the same amount and term when you compare two offers so the numbers are genuinely comparable. The cheapest headline rate is not always the cheapest loan once fees are included.
- The APR, not just the advertised rate.
- The total cost of borrowing in dollars.
- Administration, broker, insurance, and prepayment fees.
- Whether the loan is secured against an asset you could lose.
- Whether the payments are fixed or variable.
- What a missed payment costs and how it is reported.
Ask for the disclosure document before you sign, and keep it alongside the agreement for your records.
Confirm the lender is licensed in your province before you sign, and ask for the APR and total cost of borrowing in writing.
Sources
- Financial Consumer Agency of Canada
- FCAC — Payday loans
- Canada Gazette — Criminal Interest Rate Regulations (SOR/2024-114)
- Office of the Superintendent of Financial Institutions
- Bank of Canada
- Canada Revenue Agency
Sources are provided for verification. Instalment.ca is not affiliated with these organisations.
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Last updated: September 16, 2026 · Reviewed by the Instalment.ca Editorial Team
We research Canadian lending rules and update this page when the law, the data, or the available offers change. We are not a lender and we do not provide personal financial advice.