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Borrowing in Division No. 3, Subd. H, Newfoundland and Labrador

How borrowing works in Division No. 3, Subd. H, Newfoundland and Labrador, where the 2021 Census counted 562 residents.

Province Newfoundland and Labrador (NL)
Population, 2021 Census 562
Land area 665.1 km²
Provincial regulator See the FCAC list

Division No. 3, Subd. H, Newfoundland and Labrador, recorded a population of 562 in the 2021 Census; the rules that govern a loan signed there are provincial.

The Newfoundland and Labrador rules that apply

The regulator for consumer credit in Newfoundland and Labrador is the body listed by the federal Payday Lending Regulations (SOR/2024-114) provincial and territorial regulators.

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

How borrowing works locally

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

Debt management plans are administered by accredited credit counsellors, and they are not loans. A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

The census figures for Division No. 3, Subd. H

Statistics Canada's 2021 Census gives Division No. 3, Subd. H a population of 562. The community covers 665.1 square kilometres of land.

On those two figures, density is 0.8 residents per square kilometre when rounded to one decimal place.

Its provincial population rank is 138 within this data set.

Compared with the other 322 covered Newfoundland and Labrador places, Division No. 3, Subd. H ranks 138 by population.

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.

  • Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.
  • Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.

For Division No. 3, Subd. H, the two census fields above are the only local statistics used anywhere on the page.

Nothing on the Division No. 3, Subd. H page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

The land area recorded for Division No. 3, Subd. H is 665.1 square kilometres, and the population is 562 residents in the 2021 Census.

Where a figure for Division No. 3, Subd. H could not be verified, the page names the publisher instead of printing a number.

Division No. 3, Subd. H is one of 322 covered Newfoundland and Labrador places, counted at 562 residents with a land area of 665.1 square kilometres.

The Division No. 3, Subd. H page follows the same structure as every other place page, with population, land area, density and rank.

Division No. 3, Subd. H sits at rank 138 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

At 562 residents in the 2021 Census, Division No. 3, Subd. H is listed alongside the other covered places in Newfoundland and Labrador.

Readers comparing Division No. 3, Subd. H 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.

The 2021 Census of Population published by Statistics Canada is the source for population and land area; the federal Payday Lending Regulations (SOR/2024-114) are the source for payday rules.

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.

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

Borrowing in Division No. 3, Subd. H

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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