Borrowing in Drummond, New Brunswick

Drummond is one of the New Brunswick places covered here, with 729 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

The New Brunswick rules that apply

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

A payday advance in New Brunswick 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

A broker arranges credit but does not lend, and the lender remains the party that makes the decision.

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments. Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists.

The census figures for Drummond

Statistics Canada's 2021 Census gives Drummond a population of 729. Statistics Canada lists 8.9 square kilometres of land for the community.

Population divided by land area produces a density of 82.1 people per square kilometre.

The community is the 189th largest place in the province within this census set.

Within New Brunswick, Drummond is place number 189 by population in this census set, at 729 residents.

Products compared here

Each product below has its own page, and the New Brunswick position applies to all of them.

• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.
• Emergency loans: Money for an urgent expense, and the order in which a sensible borrower works through the options.

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

The land area recorded for Drummond is 8.9 square kilometres, and the population is 729 residents in the 2021 Census.

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

The density figure for Drummond, 82.1 people per square kilometre, is calculated from the population and land area above.

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

Drummond sits at rank 189 within New Brunswick in this data set, and the provincial rules apply as they do elsewhere.

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

Drummond appears in the census record with 729 residents, and the density of 82.1 people per square kilometre follows from it.

Drummond ranks 189 by 2021 Census population among the covered places in New Brunswick.

Drummond is one of 256 covered New Brunswick places, counted at 729 residents with a land area of 8.9 square kilometres.

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

Population and land area figures come from Statistics Canada's 2021 Census of Population; regulatory statements are attributed to the federal Payday Lending Regulations (SOR/2024-114).

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