Borrowing in Lorne, New Brunswick

A loan taken out in Lorne is governed by New Brunswick's licensing rules, and the 2021 Census counted 313 people in the community.

How borrowing works locally

Joint applications combine two incomes and two sets of obligations in the same assessment.

Debt management plans are administered by accredited credit counsellors, and they are not loans. Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term.

Products compared here

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

• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.
• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.

The census figures for Lorne

In the 2021 Census, Lorne had 313 residents. The census records a land area of 1632.2 square kilometres for Lorne.

The arithmetic gives 0.2 people per square kilometre.

Among covered New Brunswick places, Lorne sits at rank 240 by population.

The place record for Lorne covers 1632.2 square kilometres and 313 residents, a density of 0.2 people per square kilometre.

The New Brunswick rules that apply

Consumer lending in New Brunswick is licensed provincially or territorially, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position appears.

The federal payday lending regulations, SOR/2024-114, cap the cost of borrowing at $14 per $100 advanced in New Brunswick, which the federal Payday Lending Regulations (SOR/2024-114) list as a province that regulates the product.

Small places are covered the same way as large ones: census figures for the place, and the provincial position on lending.

Lorne appears in the census record with 313 residents, and the density of 0.2 people per square kilometre follows from it.

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

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

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

The density figure for Lorne, 0.2 people per square kilometre, is calculated from the population and land area above.

Lorne is one of 256 covered New Brunswick places, counted at 313 residents with a land area of 1632.2 square kilometres.

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

Lorne sits at rank 240 within New Brunswick in this data set, and the provincial rules apply as they do elsewhere.

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

Lorne ranks 240 by 2021 Census population among the covered places in New Brunswick.

At 313 residents in the 2021 Census, Lorne is listed alongside the other covered places in New Brunswick.

The land area recorded for Lorne is 1632.2 square kilometres, and the population is 313 residents in the 2021 Census.

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).

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.