Mortgages Newfoundland and Labrador - Compare Providers
| Lender | Loan amount | Rate | Term | Details |
|---|---|---|---|---|
 Spring Financial Personal Loan | $500 – $35,000 | 9.99% – 34.95% | 6 – 84 months | Learn more |
 LendDirect Personal Line of Credit | Up to $10,000 | 34.99% | Open-ended | Learn more |
 Mogo Finance Line of Credit | Up to $5,000 | 34.37% | Open-ended | Learn more |
 easyfinancial Personal Loan (Unsecured) | $500 – $150,000 | 9.99% – 34.95% | 9 - 240 months | Learn more |
 Fairstone Financial Unsecured Personal Loan | $500 – $25,000 | 29.99% – 34.99%* | 6 – 60 months | Learn more |
 MDG Cash Installment Loan | Up to $20,000 | 19.8% – 34.99% | Up to 36 months | Learn more |
 CashMoney Line of Credit | Up to $10,000 | 34.99% | 6 - 60 months | Learn more |
 Money Mart Installment Loan | $500 – $25,000 | 29.9% or 34.28% | 6 – 84 months | Learn more |
 SkyCap Financial Personal Loan | $500 – $100,000 | 12.99% – 34.99% | 9 – 60 months | Learn more |
 LoanMeNow Personal Loan | $500 – $1000 | Up to 32% | 3 months | Learn more |
 Green Loans Personal Loan | Up to $1,000 | Up to 35% | Depends on loan amount | Learn more |
 goPeer Personal Loan | $1,000 – $35,000 | 8.99% – 34.99% | 36 or 60 months | Learn more |
 GoLoans Installment Loan | $500 – $5,000 | Up to 32% | 3 – 4 months | Learn more |
 LendCare Installment Loan | $500 – $15,000 | 9.9% – 29.9% | 12 – 60 months | Learn more |
 Ledn Bitcoin-Backed Loan | $1,000 – $1,000,000 | 10.4% | 12 months | Learn more |
 Borrowell Personal Loan | Up to $35,000 | Starting at 12.99% | Up to 60 months | Learn more |
 Windmill Microlending Professional development loans | $15,000 | 6.7% | Up to 60 months | Learn more |
 Parachute Personal Loan | Up to $25,000 | 24.99% – 29.99% | 30 or 60 months | Learn more |
 Helium Loans Personal Loan | $500 – $50,000 | Varies | 6 – 60 months | Learn more |
 Cash Depot Short-Term Loan | $300 – $3000 | 18% + fees | 6 months | Learn more |
 Financeit Personal Loans | $500 – $100,000 | Starting at 12.99% | Up to 60 months | Learn more |
 SimplyBorrowed Personal Installment Loan | $1,500 – $10,000 | Not listed | 12 – 60 months | Learn more |
 LM Credit Unsecured Personal Loan | $500 – $15,000 | 10.99% – 34.99% | 9 – 60 months | Learn more |
 Dashloans Personal Loan | Up to $1,250 | Up to 32% | 90 – 150 days | Learn more |
 Captain Cash Personal Loan | $500 – $1000 | 23% | 90 – 150 days | Learn more |
 Lamina Personal Loan | $300 – $1500 | Starting at 18% | 3 – 7 months | Learn more |
 DMO Crédit Personal Loan | $300 – $1,000 | 28% – 35% | 90 days – 16 weeks | Learn more |
 Loan Away Personal Loan | Up to $5,000 | 19.9% – 35% | 6 – 36 months | Learn more |
 Credit2Go Short Term Loan | $250 – $1,500 | 23.99% – 29.99% | 3 – 4 months | Learn more |
 Eastern Loans Personal Loan | $500 – $750 | ~23% | 3+ months | Learn more |
 Progressa Debt Consolidation Loan | $1,000 – $15,000 | 19% – 34.95% | 12 – 60 months | Learn more |
 Loonie Financial Installment Loan | $300 – $1,000 | Up to 32% | 62 – 160 days | Learn more |
 LM Financial Personal Loan | Up to $15,000 | Not listed | Not listed | Learn more |
 Iceberg Finance Personal Loans | $1,000 – $35,000 | 12.99% – 29.99% | 12 – 84 months | Learn more |
 FlexMoney Installment Loan | $500 – $15,000 | Starting at 18.9% | 6 – 60 months | Learn more |
 Deposit My Cash Now Micro Loan | $300 – $3,000 | 18% + fees | 6 months | Learn more |
 My Next Pay Micro Loan | $300 – $3,000 | 18% + fees | 6 months | Learn more |
 Northstar Brokers Micro Loan | $300 – $3,000 | 18% + fees | 6 months | Learn more |
 City Lending Centers (CLC) Micro Loan | $150 – $1,600 | 10 – 35% | 3 – 6 months | Learn more |
 APX Lending Crypto-Backed Loan | $10,000; no maximums | From 9.99% | 3 - 60 months | Learn more |
| Lender | Loan amount | Rate | Term | Details |
|---|---|---|---|---|
| CashMoney Payday Loan | Up to $1,500 | $14 per $100 | Up to 60 days | Learn more |
 Loan Express Payday Loan | up to $1,500 | $14 per $100 | 14 days | Learn more |
 North’n Loans Payday Loans | $100 – $1,500 | $14 per $100 | 14 – 90 days | Learn more |
| Lender | Loan amount | Rate | Term | Details |
|---|---|---|---|---|
 Bree Cash Advance | Up to $750 | 0% | Up to 90 days | Learn more |
 Nyble Line Of Credit | $30 – $250 | 0% | Open-ended | Learn more |
 KOHO Cash Advance | Up to $500 | 0% | Open-ended | Learn more |
| Lender | Loan amount | Rate | Term | Details |
|---|---|---|---|---|
 Canada Drives Car Loan | Up to $100,000 | 3.99% - 19.9% | 24 -96 months | Learn more |
 SafeLend Auto Loan Refinance | Min $10,000 | 6.93% – 19.99% | 18 – 96 months | Learn more |
| easyfinancial Car Loan | $500 – $150,000 | 9.99% – 34.95% | 9 - 240 months | Learn more |
| Fairstone Financial Car Loan | Up to $50,000 | Not listed | 6 – 60 months | Learn more |
 Car Loans Canada Car Loan | $5,000 – $65,000 | Up to 29.99% | 12 – 96 months | Learn more |
 Auto Credit Deals Car Loan | $5,000 – $75,000 | Not listed | 12 – 96 months | Learn more |
| LendCare Car Loan | Up to $50,000 | Not listed | Up to 60 months | Learn more |
| Helium Loans Auto Loan | $500 – $50,000 | Varies | 6 – 60 months | Learn more |
 Carloans411 Auto Loan | Not listed | Not listed | 12 – 84 months | Learn more |
 2nd Chance Automotive Car Loan | Not listed | Starting at 4.2% | Not listed | Learn more |
 Royal Bank of Canada (RBC) Auto Loan | Starting $7,500 | Not listed | 12 – 96 months | Learn more |
| Min $7,500 | Not listed | 12 – 96 months | Learn more | |
 Desjardins Auto Loan | $7,500 + | Not listed | 6 – 96 months | Learn more |
 Auto Capital Canada Car Loan | Not listed | Not listed | Not listed | Learn more |
 Canada Auto Finance Auto Loans | $5,000 – $45,000 | 4.90 % – 29.95% | Not listed | Learn more |
 Coast Capital Savings Car Loans | Not listed | Not listed | 24 – 84 months | Learn more |
 National Powersports Financing Vehicle Financing | Not listed | Not listed | Not listed | Learn more |
 Rifco Auto Loan | Not listed | Starting at 12.9% | Not listed | Learn more |
 National Bank Auto Loan | Not listed | Not listed | up to 96 months | Learn more |
 Scotiabank Auto Loan | Up to $1,000,000 | Not listed | Up to 15 years | Learn more |
 Credit River Capital Inc Auto Loan | Not listed | Not listed | Not listed | Learn more |
 DealerPlan Financial Auto Loans | Not listed | Not listed | Not listed | Learn more |
 iA Auto Finance Auto Loan | Not listed | Starting at 10.99% | Not listed | Learn more |
 LMG Finance Auto Loan | Not listed | Not listed | Not listed | Learn more |
 Toyloan Auto Loan | Not listed | Not listed | Not listed | Learn more |
| Iceberg Finance Auto Financing | $1,000 – $35,000 | 12.99% – 29.99% | 12 – 84 months | Learn more |
 TD Bank Car Loan | Up to $50,000 | Not listed | Up to 96 months | Learn more |
 Santander Car Loan | Not listed | Not listed | Up to 96 months | Learn more |
| Lender | Loan amount | Rate | Term | Details |
|---|---|---|---|---|
 Alpine Credits Home Equity Loan | $10,000 – $500,000 | Starting at 10% | Not listed | Learn more |
 nesto Mortgage Loans | Min $110,000 | 4.14% – 6.29% | 24– 120 months | Learn more |
 Lotly Home Equity Loan | $5,000 + | 6% – 16% | 12 – 60 months | Learn more |
 Neo Mortgage Neo Mortgage™ | Not listed | From 3.60% | 6 – 60 months | Learn more |
| easyfinancial Secured Loan | $500 – $150,000 | 9.99% – 34.95% | 9 - 240 months | Learn more |
| Fairstone Financial Second Mortgage & Refinancing | Second mortgage: up to $300,000 | 14.99% – 20.25% | 12 – 60 months Amortization up to 25 years (second mortgage) or 30 years (refinancing) | Learn more |
| Fairstone Financial Secured Loan | $5,000 – $60,000† | 19.99% – 25.99%* | 36 – 120 months | Learn more |
 Dominion Lending Center Mortgage | Not listed | Not listed | Not listed | Learn more |
 Mortgage Architects Mortgage | Not listed | 4.54% – 7.49% | 6 – 120 months | Learn more |
 Mortgage Alliance Mortgage | Not listed | 4.19% – 6.04% | 12 – 120 months | Learn more |
 First National Financial LP Residential Mortgage | Not listed | 4.49% – 6.63% | 1 – 10 years | Learn more |
 CHIP Reverse Mortgage Reverse Mortgage | Up to 55% of home value | Not listed | 12 – 60 months | Learn more |
 Tangerine Mortgage | $50,000+ | Not listed | 12 – 120 months | Learn more |
 True North Mortgage Mortgage | $150,000 – $1,500,000 | 2.99% – 5.49% | 6 – 60 months | Learn more |
 Verico Mortgage | Not listed | Not listed | Not listed | Learn more |
 Peoples Bank Mortgages | Not listed | 4.50% – 5.97% | 12 – 60 months | Learn more |
| Provider | Services | Details |
|---|---|---|
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| Lender | Loan amount | Rate | Term | Details |
|---|---|---|---|---|
 SharpShooter Funding Business Loan | $1,000 – $300,000 | 5.49% – 22.79% | 12 – 120 months | Learn more |
 Merchant Growth Term Financing | $5,000 – $800,000 | Not listed | 6 – 24 months | Learn more |
 OnTap Capital Business Financing | $10,000 – $2,000,000 | 10%+ | Up to 36 months | Learn more |
 Primed Loans Business Financing | $10,000 – $20,000,000 | Not listed | Not listed | Learn more |
 Bizcap Working Capital | Up to 2 million | Not listed | Flexible | Learn more |
 Driven Business Loan | $10,000 – $300,000 | Not listed | 3 – 24 months | Learn more |
 Journey Capital Business Term Loan | $5,000 – $300,000 | 9% – 35% | Varies by product | Learn more |
 Lending Loop Small Business Loan | $ 1,000 – $500,000 | 4.96% – 24.93% | 1 – 60 months | Learn more |
 IOU Financial Term Loan | $15,000 – $1,500,000 | Not listed | 6 – 36 months | Learn more |
 iCommission Commission Advance | Up to $40,000 | $0.75 per $1,000 per day | Not listed | Learn more |
| Helium Loans Business Term Loan | $500 – $50,000 | Varies | 6 – 60 months | Learn more |
 iCapital Commercial Loan | Up to $250,000 | Not listed | 3 – 24 months | Learn more |
 Canadian Equipment Finance Equipment Loan | $50,000 – $12,000,000 | Not listed | 24 – 96 months | Learn more |
 Easylease Corp Equipment Loan | Up to $5,000,000 | Not listed | 24 – 72 months | Learn more |
 Econolease Financial Services Inc. Equipment Leasing | $1,000 – $1,000,000 | 6% – 20% | Not listed | Learn more |
 FundThrough Invoice Financing | $500 – $50,000 | 2.75% – 8.25% | 12 week cycles | Learn more |
 Lease Link Working Capital Loan | Up to $250,000 | Not listed | Up to 48 months | Learn more |
 Money in Motion Equipment Loan | $10,000 – $1,000,000 | 4% – 14% | 12 – 84 months | Learn more |
| Royal Bank of Canada (RBC) Business Loan | Starting at $5,000 | Not listed | Up to 84 months | Learn more |
 Canadian Imperial Bank of Commerce (CIBC) Business Loan | Up to $1,000,000 | Not listed | Up to 15 years | Learn more |
 BarterPay Barter Loan | BP 2,500 – BP 100,000 | Not listed | 6 – 60 months | Learn more |
| National Bank Business Loan | Up to $1,000,000 | Not listed | Not listed | Learn more |
 B2B Bank Investment Loan | $10,000 – $300,000 | Not listed | Not listed | Learn more |
 Bank of Montreal (BMO) Business Loan | Up to $500,000 | Not listed | Up to 15 years | Learn more |
 BDC Business Loan | Up to $100,000 | Not listed | 5 – 8 years | Learn more |
| Scotiabank Business Loan | Up to $1,000,000 | Not listed | Up to 15 years | Learn more |
 CanaCap Merchant Cash Advance | Up to $250,000 | Not listed | Not listed | Learn more |
 Laurentian Bank of Canada Business Loan | Up to $250,000 | Not listed | Up to 10 years | Learn more |
 Essex Lease Financial Corporation Equipment Loan | Not listed | Not listed | Not listed | Learn more |
 Export Development Canada Commercial Financing | Not listed | Not listed | Not listed | Learn more |
 Leaseline Equipment Leasing | Not listed | Not listed | 24 – 60 months | Learn more |
 Peel Financial Equipment Loans | Not listed | Not listed | Not listed | Learn more |
 Loop Business Line of Credit | Up to $1,000,000 | From 1.2% per month | Not listed | Learn more |
| TD Bank Business Loan | Not listed | Not listed | 12 – 60 months | Learn more |
 2M7 Financial Solutions Merchant Cash Advance | $1000 – $250,000 | Not listed | Not listed | Learn more |
| Lender | Loan amount | Rate | Term | Details |
|---|---|---|---|---|
| LendDirect Secured Loan | Up to $25,000 | 24.99% – 34.99% | Not listed | Learn more |
 BHM Financial Title Loan | Up to $50,000 | Not listed | Not listed | Learn more |
| Lender | Loan amount | Rate | Term | Details |
|---|---|---|---|---|
 Afterpay Buy Now Pay Later | Varies | 0% | 6 or 8 weeks | Learn more |
Last updated: October 29, 2026
While the process of moving can be a bit of a hassle in Newfoundland and Labrador, it can also be a very exciting time in your life. While thousands of people move every year in and out of Newfoundland and Labrador, the process of finding and purchasing a house is complex and takes time.
But, the good news is, we can help all those living in Newfoundland and Labrador get approved for the mortgage they need to purchase the home they want.
Looking for a business loan in Newfoundland and Labrador? Take a look at this.
How to Save For a Down Payment in Newfoundland and Labrador?
However, in addition to saving up for the monthly payments, you’ll need to make, you also need to save up for a down payment. If you want to avoid mortgage insurance, you will need to save up a 20% down payment, which can potentially be a lot of money.
Click here to learn more about high ratio mortgages and mortgage default insurance.
So how do you give yourself the best chance at saving up enough for a down payment? Well, there are a lot of things you can do, including:
- Cutting down on unnecessary spending such as subscriptions and memberships that you don’t really need.
- Eliminate your debts as quickly as possible so you have more to save. However, some people in Newfoundland and Labrador prefer to stop paying their debts and put that money toward a down payment, but that is risky as it can hurt your credit.
- Get rid of a second vehicle or downgrade if you are able to.
- Prioritize saving for a down payment over things like entertainment cost, vacations, etc.
- If you have trouble saving, it could be worthwhile to have money automatically go to a savings account to ensure that even when you forget, you are still saving a little bit of money.
To see more ways of getting a down payment for a house in Canada, check this out.
Mortgage Amortization vs. Term
When people in Newfoundland and Labrador are learning about mortgages, it can be quite confusing. One of the most head-scratching things of all is knowing and learning the difference between mortgage amortization vs. mortgage term. Well, let us simplify things for you.
Mortgage Amortization
The amortization period of your mortgage is the total time that it takes to pay off your mortgage. You can choose a wide range of time periods when it comes to amortization, with 25 years being among the most commonly chosen amortization periods. The longer your amortization, the more you will pay overall, but the less than your monthly payments will be.
Mortgage Term
On the other hand, the mortgage term is the actual length of time that you are committed and locked in with a certain lender in Newfoundland and Labrador including the rate and conditions. These can range anywhere from a few months up to 10 years, and 5 years is a common time frame for a mortgage term.
How to Compare Mortgage Offers in Newfoundland and Labrador?
No matter where you live in Newfoundland and Labrador, there is a good chance that you have access to a wide range of lenders who can offer you a variety of different types of mortgages. However, how do you compare one mortgage offer to another? While a lot of people will simply compare the interest rate and choose the lender who offers the lower rate, that isn’t the only thing to consider.
Read this if you’ve been trying to compare lenders in Canada.
There are a variety of other things to compare from one mortgage offer to another, including:
- The term and/or amortization rate
- If they are open to prepayment options or not
- Is the mortgage closed or open?
- Is the rate fixed or variable?
The mortgage that you choose will depend on what you value more. Some will go with a certain offer because it is a fixed rate, open mortgage, while others would prefer a variable rate mortgage with prepayment options. As you can see, there are many different choices you can make when it comes to what kind of mortgage you want in Newfoundland and Labrador.
For information about the types of mortgage payments, you can choose, read this.
Frequently Asked Questions
Where is the best place to get a mortgage?
Banks, credit unions, and caisses populaires are some of the main providers of mortgages. Mortgage, insurance, trust and loan companies are alternative providers of mortgages. Depending on your needs and financial situation, each type of lender may offer you different contract conditions and varying interest rates. It’s a good idea to seek out a licensed mortgage broker to help you navigate the wide variety of options. Brokers only get their finder’s fee once you’ve been approved for a mortgage, either by you or the lender.
What are the penalties for paying my mortgage early?
Generally, the faster you pay off a loan, the more you save on interest. With an open mortgage, you can pay your mortgage off early or make extra payments without penalty. However, if you have a closed mortgage, you will incur a hefty prepayment penalty. This fee also usually applies when selling your mortgaged home or transferring to a new mortgage lender. Luckily, most closed contracts have a prepayment privilege, which is an agreement that lets you make early payments but only up to a certain amount agreed upon with the lender.
I have bad credit. Can I still qualify for a mortgage?
There can be many reasons why a mortgage lender may refuse to approve your loan. But, having bad credit is usually the primary reason. First and foremost, make sure to order your credit report. Increase your chance of approval by reviewing the report and disputing any errors. Even if your credit is still relatively bad, there are lenders who may still consider approving your mortgage. However, you may be required to have a co-signer or make a larger down payment. And generally, you’ll be approved for a lesser amount and at a higher rate.
Finding the Perfect Mortgage For You in Newfoundland and Labrador
Searching for the right mortgage in Newfoundland and Labrador can be a difficult and stressful time. However, by reaching out to Loans Canada, you can rest assured they will do all that they can to help you find the perfect mortgage for you.
