Compare loans

Borrowing in Division No. 6, Subd. E, Newfoundland and Labrador

A guide to borrowing in Division No. 6, Subd. E, Newfoundland and Labrador, with the 2021 Census population of 175 and the provincial rules that apply locally.

Province Newfoundland and Labrador (NL)
Population, 2021 Census 175
Land area 2294.7 km²
Provincial regulator See the FCAC list

Division No. 6, Subd. E is one of the Newfoundland and Labrador communities covered here, with a 2021 Census population of 175, and borrowing there is licensed under Newfoundland and Labrador's consumer credit rules.

The Newfoundland and Labrador rules that apply

Licensing for consumer credit in Newfoundland and Labrador sits with the province or territory, and the Financial Consumer Agency of Canada maintains the public list of provincial and territorial regulators.

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

Communities of this size are listed here with population, land area and density, and the lending rules remain provincial.

How borrowing works locally

A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit.

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term. Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists.

The census figures for Division No. 6, Subd. E

Population for Division No. 6, Subd. E stands at 175 in the 2021 Census. Statistics Canada lists 2294.7 square kilometres of land for the community.

The calculated density is 0.1 people per square kilometre.

Among covered Newfoundland and Labrador places, Division No. 6, Subd. E sits at rank 281 by population.

The place record for Division No. 6, Subd. E covers 2294.7 square kilometres and 175 residents, a density of 0.1 people per square kilometre.

Products compared here

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

  • Cash advance loans: Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance.
  • Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.

At 175 residents in the 2021 Census, Division No. 6, Subd. E is listed alongside the other covered places in Newfoundland and Labrador.

Where a figure for Division No. 6, Subd. E could not be verified, the page names the publisher instead of printing a number.

The land area recorded for Division No. 6, Subd. E is 2294.7 square kilometres, and the population is 175 residents in the 2021 Census.

The density figure for Division No. 6, Subd. E, 0.1 people per square kilometre, is calculated from the population and land area above.

Readers comparing Division No. 6, Subd. E with another community can use the same four census fields.

Nothing on the Division No. 6, Subd. E page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Division No. 6, Subd. E appears in the census record with 175 residents, and the density of 0.1 people per square kilometre follows from it.

Division No. 6, Subd. E ranks 281 by 2021 Census population among the covered places in Newfoundland and Labrador.

Division No. 6, Subd. E is one of 322 covered Newfoundland and Labrador places, counted at 175 residents with a land area of 2294.7 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.

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

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. 6, Subd. E

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.

Nearby places

St. John's 110,525 Conception Bay South 27,168 Paradise 22,957 Mount Pearl 22,477 Corner Brook 19,333 Grand Falls-Windsor 13,853

Frequently asked questions

Related

Compare loan offers

Compare options from Canadian lending partners. We are not a lender and we do not make credit decisions.

See partner options

Advertising disclosure: loanmoose.ca may receive a referral fee if you continue through a partner link. That fee does not change the rate you are offered and it does not change what we publish. We are not a lender. Read the full disclosure.