Borrowing in Prophet River 4, British Columbia

Prophet River 4, British Columbia, recorded a population of 107 in the 2021 Census; the rules that govern a loan signed there are provincial.

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.

The federal Payday Lending Regulations (SOR/2024-114) list British Columbia among the provinces that regulate payday lending, where the federal Payday Lending Regulations (SOR/2024-114) cap the cost of borrowing at $14 per $100 advanced.

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

Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists.

A lender is free to set its own price below the legal ceiling, and it does so according to the risk it reads in the file. An application usually asks for identification, income evidence, banking details and a statement of obligations.

The census figures for Prophet River 4

107 people were counted in Prophet River 4 in the 2021 Census. The census records a land area of 3.8 square kilometres for Prophet River 4.

Population divided by land area produces a density of 28.2 people per square kilometre.

By population it ranks 453 among the British Columbia places covered here.

Compared with the other 460 covered British Columbia places, Prophet River 4 ranks 453 by population.

Products compared here

The product pages behind this city cover the following borrowing categories, among the 20 products compared nationally.

• Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.
• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.

At 107 residents in the 2021 Census, Prophet River 4 is listed alongside the other covered places in British Columbia.

The density figure for Prophet River 4, 28.2 people per square kilometre, is calculated from the population and land area above.

Prophet River 4 appears in the census record with 107 residents, and the density of 28.2 people per square kilometre follows from it.

Prophet River 4 ranks 453 by 2021 Census population among the covered places in British Columbia.

Prophet River 4 is one of 460 covered British Columbia places, counted at 107 residents with a land area of 3.8 square kilometres.

Nothing on the Prophet River 4 page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

The land area recorded for Prophet River 4 is 3.8 square kilometres, and the population is 107 residents in the 2021 Census.

Readers comparing Prophet River 4 with another community can use the same four census fields.

The Prophet River 4 page follows the same structure as every other place page, with population, land area, density and rank.

For Prophet River 4, the two census fields above are the only local statistics used anywhere on the page.

Where a figure for Prophet River 4 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.

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.

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.