Borrowing in Alliance, Alberta

This page covers borrowing in Alliance, Alberta: the census facts, the provincial rules, and the products people compare.

The census figures for Alliance

Alliance recorded a population of 166 in Statistics Canada's 2021 Census of Population. The community covers 0.6 square kilometres of land.

On those two figures, density is 267.7 residents per square kilometre when rounded to one decimal place.

The community is the 329th largest place in the province within this census set.

Compared with the other 361 covered Alberta places, Alliance ranks 329 by population.

The Alberta rules that apply

Provincial or territorial law decides who may lend in Alberta, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

In Alberta, payday lending operates under a licensed provincial regime, and the federal Payday Lending Regulations (SOR/2024-114) record a maximum cost of borrowing of $14 for each $100 advanced under SOR/2024-114.

This is a small community by population, inside the lowest band used on this site, and the provincial framework applies without variation.

How borrowing works locally

A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes.

A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments. A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one.

Products compared here

Two of the 20 covered products appear below, each with the purpose the product is designed for.

• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.
• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.

The Alliance page follows the same structure as every other place page, with population, land area, density and rank.

The density figure for Alliance, 267.7 people per square kilometre, is calculated from the population and land area above.

Alliance appears in the census record with 166 residents, and the density of 267.7 people per square kilometre follows from it.

Where a figure for Alliance could not be verified, the page names the publisher instead of printing a number.

At 166 residents in the 2021 Census, Alliance is listed alongside the other covered places in Alberta.

Readers comparing Alliance with another community can use the same four census fields.

Nothing on the Alliance page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Alliance is one of 361 covered Alberta places, counted at 166 residents with a land area of 0.6 square kilometres.

Alliance sits at rank 329 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Alliance is 0.6 square kilometres, and the population is 166 residents in the 2021 Census.

For Alliance, the two census fields above are the only local statistics used anywhere on the page.

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

Population and land area figures come from Statistics Canada's 2021 Census of Population; regulatory statements are attributed to the federal Payday Lending Regulations (SOR/2024-114).

Nothing here is an offer, and no page on this site can tell anyone what a lender will decide.