Borrowing in Clarenville, Newfoundland and Labrador

Clarenville, Newfoundland and Labrador, recorded a population of 6,704 in the 2021 Census; the rules that govern a loan signed there are provincial.

The census figures for Clarenville

The 2021 Census counted 6,704 residents in Clarenville. The census records a land area of 139.9 square kilometres for Clarenville.

The calculated density is 47.9 people per square kilometre.

The community is the 12th largest place in the province within this census set.

Clarenville sits at rank 12 among the 322 Newfoundland and Labrador places here, with 6,704 residents in the 2021 Census.

The Newfoundland and Labrador rules that apply

The body that licenses consumer lending in Newfoundland and Labrador is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s list of provincial and territorial regulators.

In Newfoundland and Labrador, 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.

Size changes the census figures, not the rules; this community falls in the lower-middle band.

How borrowing works locally

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time. A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one.

Products compared here

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

• Payday loans: Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit.
• No credit check loans: What lenders who advertise without a credit check actually look at instead, and where the cost goes.

The density figure for Clarenville, 47.9 people per square kilometre, is calculated from the population and land area above.

Clarenville sits at rank 12 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

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

At 6,704 residents in the 2021 Census, Clarenville is listed alongside the other covered places in Newfoundland and Labrador.

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

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

The land area recorded for Clarenville is 139.9 square kilometres, and the population is 6,704 residents in the 2021 Census.

Clarenville ranks 12 by 2021 Census population among the covered places in Newfoundland and Labrador.

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

Clarenville appears in the census record with 6,704 residents, and the density of 47.9 people per square kilometre follows from it.

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

Clarenville is one of 322 covered Newfoundland and Labrador places, counted at 6,704 residents with a land area of 139.9 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.

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).

The provincial rules apply wherever a borrower is in Newfoundland and Labrador; a municipal boundary does not change them.