Borrowing in Minto, New Brunswick

Minto is one of the New Brunswick places covered here, with 2,234 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

The New Brunswick rules that apply

Provincial or territorial law decides who may lend in New Brunswick, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

The federal Payday Lending Regulations (SOR/2024-114) count New Brunswick among the provinces with payday lending rules, where the published maximum cost of borrowing is $14 per $100 advanced under SOR/2024-114.

The lowest band groups villages, rural municipalities and small towns, all read against the same provincial rulebook.

How borrowing works locally

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

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term. A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached.

The census figures for Minto

In the 2021 Census, Minto had 2,234 residents. The community covers 31.4 square kilometres of land.

Population divided by land area produces a density of 71.2 people per square kilometre.

The community is the 63rd largest place in the province within this census set.

Minto therefore appears at rank 63 of 256 covered New Brunswick places, with a density of 71.2 people per square kilometre.

Products compared here

Two of the 20 covered products appear below, each with the purpose the product is designed for.

• Unsecured loans: Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone.
• Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.

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

The land area recorded for Minto is 31.4 square kilometres, and the population is 2,234 residents in the 2021 Census.

At 2,234 residents in the 2021 Census, Minto is listed alongside the other covered places in New Brunswick.

Minto appears in the census record with 2,234 residents, and the density of 71.2 people per square kilometre follows from it.

The density figure for Minto, 71.2 people per square kilometre, is calculated from the population and land area above.

Minto sits at rank 63 within New Brunswick in this data set, and the provincial rules apply as they do elsewhere.

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

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

Minto ranks 63 by 2021 Census population among the covered places in New Brunswick.

Nothing on the Minto 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.

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).

The same structure is used for every place covered, so two communities can be compared field by field: population, land area, density, rank, and the provincial rules.