Borrowing in Loon Lake 235, Alberta

A loan taken out in Loon Lake 235 is governed by Alberta's licensing rules, and the 2021 Census counted 487 people in the community.

Products compared here

Among the 20 products compared here, these two are commonly used for the purposes described.

• Personal loans: A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept.
• Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.

How borrowing works locally

A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached.

A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes. A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

The Alberta rules that apply

The regulator for consumer credit in Alberta is the body listed by the federal Payday Lending Regulations (SOR/2024-114) provincial and territorial regulators.

The federal Payday Lending Regulations (SOR/2024-114) count Alberta among the provinces with payday lending rules, where the published maximum cost of borrowing is $14 per $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.

The census figures for Loon Lake 235

Population for Loon Lake 235 stands at 487 in the 2021 Census. The community covers 70.9 square kilometres of land.

The calculated density is 6.9 people per square kilometre.

Its provincial population rank is 254 within this data set.

Compared with the other 361 covered Alberta places, Loon Lake 235 ranks 254 by population.

Loon Lake 235 sits at rank 254 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Loon Lake 235 is 70.9 square kilometres, and the population is 487 residents in the 2021 Census.

Where a figure for Loon Lake 235 could not be verified, the page names the publisher instead of printing a number.

The density figure for Loon Lake 235, 6.9 people per square kilometre, is calculated from the population and land area above.

Loon Lake 235 appears in the census record with 487 residents, and the density of 6.9 people per square kilometre follows from it.

Readers comparing Loon Lake 235 with another community can use the same four census fields.

Nothing on the Loon Lake 235 page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Loon Lake 235 is one of 361 covered Alberta places, counted at 487 residents with a land area of 70.9 square kilometres.

Loon Lake 235 ranks 254 by 2021 Census population among the covered places in Alberta.

At 487 residents in the 2021 Census, Loon Lake 235 is listed alongside the other covered places in Alberta.

For Loon Lake 235, the two census fields above are the only local statistics used anywhere on the page.

The Loon Lake 235 page follows the same structure as every other place page, with population, land area, density and rank.

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

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.