Borrowing in Drummond, New Brunswick

Drummond is one of the New Brunswick communities covered here, with a 2021 Census population of 2,095, and borrowing there is licensed under New Brunswick's consumer credit rules.

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.

In New Brunswick, payday lending operates under a licensed provincial regime, and the federal Payday Lending Regulations (SOR/2024-114) record a maximum cost of borrowing of $14 for each $100 advanced under SOR/2024-114.

Places in the smallest population band are grouped here as small communities, and the pages carry the same census fields and the same provincial rules as the largest city.

The census figures for Drummond

Statistics Canada's 2021 Census gives Drummond a population of 2,095. Land area for Drummond is 1013.7 square kilometres in the same census.

That gives a density of 2.1 people per square kilometre, rounded to one decimal place.

Its provincial population rank is 71 within this data set.

Drummond is one of 256 places listed for New Brunswick, ranked 71 by population and measured at 1013.7 square kilometres.

Products compared here

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

• No credit check loans: What lenders who advertise without a credit check actually look at instead, and where the cost goes.
• Mortgage refinancing: Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs.

How borrowing works locally

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

Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term. A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

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

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

Drummond ranks 71 by 2021 Census population among the covered places in New Brunswick.

The density figure for Drummond, 2.1 people per square kilometre, is calculated from the population and land area above.

At 2,095 residents in the 2021 Census, Drummond is listed alongside the other covered places in New Brunswick.

The land area recorded for Drummond is 1013.7 square kilometres, and the population is 2,095 residents in the 2021 Census.

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

Drummond sits at rank 71 within New Brunswick in this data set, and the provincial rules apply as they do elsewhere.

Drummond is one of 256 covered New Brunswick places, counted at 2,095 residents with a land area of 1013.7 square kilometres.

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

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).

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