Borrowing in Lomond, Alberta

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

The census figures for Lomond

178 people were counted in Lomond in the 2021 Census. Land area for Lomond is 1.2 square kilometres in the same census.

The arithmetic gives 149.6 people per square kilometre.

The community is the 321st largest place in the province within this census set.

Lomond sits at rank 321 among the 361 Alberta places here, with 178 residents in the 2021 Census.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.
• Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.

The Alberta rules that apply

Consumer credit in Alberta is licensed by the provincial or territorial regulator, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

The federal payday lending regulations, SOR/2024-114, cap the cost of borrowing at $14 per $100 advanced in Alberta, which the federal Payday Lending Regulations (SOR/2024-114) list as a province that regulates the product.

Places in the smallest population band are grouped here as small communities, and the pages carry the same census fields and the same provincial rules as the largest city.

How borrowing works locally

An application usually asks for identification, income evidence, banking details and a statement of obligations.

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators. A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

Lomond sits at rank 321 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Lomond, 149.6 people per square kilometre, is calculated from the population and land area above.

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

Lomond ranks 321 by 2021 Census population among the covered places in Alberta.

Lomond is one of 361 covered Alberta places, counted at 178 residents with a land area of 1.2 square kilometres.

Lomond appears in the census record with 178 residents, and the density of 149.6 people per square kilometre follows from it.

The land area recorded for Lomond is 1.2 square kilometres, and the population is 178 residents in the 2021 Census.

At 178 residents in the 2021 Census, Lomond is listed alongside the other covered places in Alberta.

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

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

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

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

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

The 2021 Census of Population published by Statistics Canada is the source for population and land area; the federal Payday Lending Regulations (SOR/2024-114) are the source for payday rules.

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