Borrowing in Nakusp, British Columbia

With 1,589 residents counted in the 2021 Census, Nakusp sits inside British Columbia's provincial lending framework.

The British Columbia rules that apply

The body that licenses consumer lending in British Columbia is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s list of provincial and territorial regulators.

A payday advance in British Columbia falls under a provincial licensing regime, and the cost of borrowing is capped at $14 per $100 advanced according to the federal Payday Lending Regulations (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

Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

Joint applications combine two incomes and two sets of obligations in the same assessment. An application usually asks for identification, income evidence, banking details and a statement of obligations.

The census figures for Nakusp

Statistics Canada's 2021 Census gives Nakusp a population of 1,589. Its land area is 8.0 square kilometres.

The arithmetic gives 197.6 people per square kilometre.

The community is the 236th largest place in the province within this census set.

The place record for Nakusp covers 8.0 square kilometres and 1,589 residents, a density of 197.6 people per square kilometre.

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.

• Debt consolidation loans: Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps.
• Personal loans: A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept.

Nakusp appears in the census record with 1,589 residents, and the density of 197.6 people per square kilometre follows from it.

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

The land area recorded for Nakusp is 8.0 square kilometres, and the population is 1,589 residents in the 2021 Census.

The density figure for Nakusp, 197.6 people per square kilometre, is calculated from the population and land area above.

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

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

Nakusp is one of 460 covered British Columbia places, counted at 1,589 residents with a land area of 8.0 square kilometres.

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

Nakusp ranks 236 by 2021 Census population among the covered places in British Columbia.

Nakusp sits at rank 236 within British Columbia in this data set, and the provincial rules apply as they do elsewhere.

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

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.

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