Before the e-transfer leaves your account, get the terms down. A New Brunswick loan agreement from Lend Right reflects the province’s quirks — including one that trips up almost every generic template.
A lawyer typically charges $450+. Lend Right is free to draft; $29 to certify & sign — and that's the borrower's by default.
Here’s the detail generic forms get wrong: in New Brunswick the age of majority is 19, not 18. A loan contract signed by an 18-year-old — perfectly binding in Ontario or Alberta — may not hold up here. If you’re helping a teenager with a first car or tuition top-up, that one year matters, and Lend Right’s builder is province-aware so the check happens for you.
Most family loans never see a courtroom — the act of signing is usually what keeps everyone honest. But if it comes to it, the Small Claims Court of New Brunswick hears claims up to $20,000, filed through Service New Brunswick, using a process built for people without lawyers. Your signed agreement is Exhibit A. New Brunswick’s limitation rules give you about two years from discovering the default (with a 15-year outer cap), so a dated document also protects your timeline.
Drafting costs nothing — build and revise the whole agreement free.
Free for the lender. One flat $29 certifies the document and collects both e-signatures; the borrower carries it by default.
A New Brunswick lawyer would bill several hundred dollars for the same personal loan paperwork. Save that for situations that genuinely need counsel.
Free for you. Both sign on your phones. Done in minutes.
Create my loan agreement →Not reliably. New Brunswick's age of majority is 19, so a loan contract with an 18-year-old may not bind them. If you're lending to a child who's 18, waiting until their 19th birthday — or structuring it differently with advice — is the safer route.
The Small Claims Court of New Brunswick, which handles money disputes up to $20,000 with filing through Service New Brunswick channels. Larger loans go to the Court of King's Bench, or you can abandon the excess to stay in the simpler court.
Yes. Electronic signatures are recognized in New Brunswick for ordinary contracts like personal loans. Lend Right adds a tamper-evident certificate recording who signed, and when.
Any effective annual rate under the federal criminal ceiling of 35% APR. Interest-free is fine too — and common between family — though the CRA prescribed rate matters for some tax situations.
Operated by RULE8 Inc. (Lend Right is a product of RULE8 Inc.) · Last reviewed: July 3, 2026 by the Lend Right Editorial Team.
Sources: New Brunswick: the Limitation of Actions Act (two-year basic, 15-year ultimate); Small Claims Court $20,000 limit; the Electronic Transactions Act; Criminal Code s. 347 (35% APR cap); CRA prescribed rate (3% for 2026).
Scope: self-help document automation for ordinary personal loans between individuals — not legal or tax advice, and no lawyer-client relationship is created. Get a lawyer for loans secured against property, business or investment loans, or anything touching a separation or an estate.
Electronic signing: e-signatures are recognized for ordinary contracts in New Brunswick; each agreement is finalized as a locked PDF with a tamper-evident certificate of signers and timestamps. A signed agreement is strong evidence — enforceability always depends on the facts of the loan.
Lend Right provides self-help document automation, not legal advice, and no lawyer-client relationship is created. For complex situations, consult a licensed lawyer in your province.