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Borrowing in Division No. 1, Subd. A, Newfoundland and Labrador

Division No. 1, Subd. A is one of the Newfoundland and Labrador communities covered here, with 653 people counted in the 2021 Census; this page sets out the local facts and the provincial lending position.

Province Newfoundland and Labrador (NL)
Population, 2021 Census 653
Land area 772.4 km²
Provincial regulator See the FCAC list

This page covers borrowing in Division No. 1, Subd. A, Newfoundland and Labrador: the census facts, the provincial rules, and the products people compare.

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.

A payday advance in Newfoundland and Labrador 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).

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

The census figures for Division No. 1, Subd. A

Division No. 1, Subd. A recorded a population of 653 in Statistics Canada's 2021 Census of Population. The census records a land area of 772.4 square kilometres for Division No. 1, Subd. A.

The arithmetic gives 0.8 people per square kilometre.

Its provincial population rank is 116 within this data set.

Division No. 1, Subd. A is one of 322 places listed for Newfoundland and Labrador, ranked 116 by population and measured at 772.4 square kilometres.

Products compared here

These are two of the 20 products described on the site, and each has a national page as well as the provincial rules.

  • Personal loans: A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept.
  • Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.

How borrowing works locally

A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments. A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit.

For Division No. 1, Subd. A, the two census fields above are the only local statistics used anywhere on the page.

Where a figure for Division No. 1, Subd. A could not be verified, the page names the publisher instead of printing a number.

The Division No. 1, Subd. A page follows the same structure as every other place page, with population, land area, density and rank.

Division No. 1, Subd. A appears in the census record with 653 residents, and the density of 0.8 people per square kilometre follows from it.

The land area recorded for Division No. 1, Subd. A is 772.4 square kilometres, and the population is 653 residents in the 2021 Census.

Division No. 1, Subd. A is one of 322 covered Newfoundland and Labrador places, counted at 653 residents with a land area of 772.4 square kilometres.

At 653 residents in the 2021 Census, Division No. 1, Subd. A is listed alongside the other covered places in Newfoundland and Labrador.

Nothing on the Division No. 1, Subd. A page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Readers comparing Division No. 1, Subd. A with another community can use the same four census fields.

Division No. 1, Subd. A sits at rank 116 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

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.

Population and land area: Statistics Canada, Census of Population 2021, table 98-10-0002.

Borrowing in Division No. 1, Subd. A

Personal loans A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept. Bad credit loans Borrowing when the credit file is damaged, and what changes about price and security as a result. No credit check loans What lenders who advertise without a credit check actually look at instead, and where the cost goes. Lines of credit A revolving limit you draw on and repay, usually paying interest only on what is outstanding. Unsecured loans Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone. Secured loans Borrowing against an asset, which lowers the price but puts the asset at risk if you default. Car loans Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit. Mortgage loans Borrowing against residential property, including how a federally regulated lender tests the file. Home equity loans Converting property equity into credit, and the difference between a lump sum and a revolving limit. Mortgage refinancing Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs. Home renovation loans Paying for work on a property, from a small unsecured instalment loan to a secured renovation product. Business loans Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit. Business lines of credit A revolving operating limit for a business, and why it behaves differently from a term loan. Debt consolidation loans Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps. Debt relief programs The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them. Payday loans Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit. Cash advance loans Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance. Emergency loans Money for an urgent expense, and the order in which a sensible borrower works through the options. Instalment loans A fixed number of fixed payments, sized larger and longer than a payday advance. Collateral loans Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.

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