Borrowing in McLennan, Alberta

With 695 residents counted in the 2021 Census, McLennan sits inside Alberta's provincial lending framework.

The Alberta rules that apply

Licensing for consumer credit in Alberta sits with the province or territory, and the Financial Consumer Agency of Canada maintains the public list of 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.

The lowest band groups villages, rural municipalities and small towns, all read against the same provincial rulebook.

The census figures for McLennan

In the 2021 Census, McLennan had 695 residents. Land area for McLennan is 3.6 square kilometres in the same census.

Dividing population by land area gives 194.1 residents per square kilometre, rounded to one decimal place.

Among covered Alberta places, McLennan sits at rank 228 by population.

McLennan sits at rank 228 among the 361 Alberta places here, with 695 residents in the 2021 Census.

Products compared here

These are two of the 20 products described on the site, and each has a national page as well as the provincial rules.

• Payday loans: Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit.
• No credit check loans: What lenders who advertise without a credit check actually look at instead, and where the cost goes.

How borrowing works locally

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

A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender. Debt management plans are administered by accredited credit counsellors, and they are not loans.

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

McLennan ranks 228 by 2021 Census population among the covered places in Alberta.

At 695 residents in the 2021 Census, McLennan is listed alongside the other covered places in Alberta.

McLennan is one of 361 covered Alberta places, counted at 695 residents with a land area of 3.6 square kilometres.

The land area recorded for McLennan is 3.6 square kilometres, and the population is 695 residents in the 2021 Census.

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

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

McLennan sits at rank 228 within Alberta in this data set, and the provincial rules apply as they do elsewhere.

The density figure for McLennan, 194.1 people per square kilometre, is calculated from the population and land area above.

McLennan appears in the census record with 695 residents, and the density of 194.1 people per square kilometre follows from it.

For McLennan, 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.

Census figures are from Statistics Canada's 2021 Census of Population, and the payday position is taken from 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.