Get a lower interest rate on your first loan!
HomeServices
Loans
By AmountBy PurposeBy Credit ScoreBy TypeBy Location
Resources
ToolsComparisonsGuidesFAQ
Contact
Apply for Loan

© 2026 LoanHero Canada

Manitoba Lending Regulations

What Manitoba's Consumer Protection Office rules mean for payday and personal loan borrowers, and where to turn if a lender crosses a line.

256-bit SSL SecuredFunds in 24 HoursAny Credit Accepted
Customer 1Customer 2Customer 3Customer 4

Trusted by 50,000+ Canadians

Payday Lending Rules

Manitoba's Consumer Protection Act sets the payday loan cost ceiling at $17 per $100 borrowed — every lender needs a license from the Consumer Protection Office. Loans can't exceed 30% of your net pay, a 48-hour cooling-off period applies, and repeat borrowing is restricted.

Manitoba's cap runs a bit higher than Ontario's or BC's ($17 vs $15 per $100).

The Federal Rate Cap and Consumer Credit

The 35% APR criminal rate ceiling applies here too. Provincial legislation on top of that requires clear disclosure of every lending cost, bans misleading advertising, and gives borrowers remedies against unfair practices.

What the Consumer Protection Office Does

The CPO licenses and monitors payday lenders, investigates complaints, runs consumer education, and can pursue enforcement. It maintains a public registry of licensed lenders and publishes its own resources on borrowing safely.

Debt Collection Rules

Manitoba's Consumer Protection Act governs collectors too: licensing is mandatory, calls outside reasonable hours are banned, threats and harassment aren't allowed, and collectors must identify themselves. The general limitation period for debt collection in the province is 6 years.

Where to Get Help in Manitoba

The Consumer Protection Office (204-945-3800 or 1-800-782-0067) fields complaints. Community Financial Counselling Services (CFCS) of Manitoba offers free credit counselling, and Legal Aid Manitoba helps qualifying residents with debt-related legal matters.

Quick Reference

  • Payday loans capped at $17 per $100 borrowed
  • Loans can't exceed 30% of your net pay
  • 48-hour cooling-off period on payday loans
  • Free credit counselling through CFCS of Manitoba

Frequently Asked Questions

$17 per $100 borrowed under the Consumer Protection Act — slightly above Ontario and BC's $15 — and the loan can't exceed 30% of your net pay.

Yes — a 48-hour cooling-off period applies, and repeat borrowing is restricted. Every payday lender must be licensed by the Consumer Protection Office.

Yes — the federal 35% APR cap applies, and provincial legislation separately requires clear cost disclosure and bans misleading advertising.

Collectors must be licensed, can't call at unreasonable hours, can't use threats or harassment, and must identify themselves. The general debt collection limitation period in Manitoba is 6 years.

Community Financial Counselling Services (CFCS) of Manitoba offers free counselling. The Consumer Protection Office (204-945-3800 or 1-800-782-0067) and Legal Aid Manitoba are also available.

Ready to Apply?

Our network of lenders works with all credit types. Check your rates in 2 minutes without affecting your credit score.

Check Your Rates Now

Explore More Guides

Ontario Lending RegulationsBC Lending RegulationsAlberta Lending RegulationsQuebec Lending Regulations
Limited Time Offer

Apply for Your Personal Loan Today

Join thousands of Canadians who have found better loan options with LoanHero Canada. Apply now and get your personalized offers in minutes.

No-Impact Credit Check: Comparing offers will not affect your credit score.

No obligation • 100% Free