Borrowing in Division No. 8, Subd. E, Newfoundland and Labrador

Division No. 8, Subd. E is one of the Newfoundland and Labrador places covered here, with 496 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

The census figures for Division No. 8, Subd. E

Population for Division No. 8, Subd. E stands at 496 in the 2021 Census. Its land area is 708.0 square kilometres.

On those two figures, density is 0.7 residents per square kilometre when rounded to one decimal place.

By population it ranks 161 among the Newfoundland and Labrador places covered here.

Division No. 8, Subd. E therefore appears at rank 161 of 322 covered Newfoundland and Labrador places, with a density of 0.7 people per square kilometre.

Products compared here

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

• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.
• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.

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.

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

How borrowing works locally

A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one.

A lender is free to set its own price below the legal ceiling, and it does so according to the risk it reads in the file. A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes.

The land area recorded for Division No. 8, Subd. E is 708.0 square kilometres, and the population is 496 residents in the 2021 Census.

Nothing on the Division No. 8, Subd. E page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Where a figure for Division No. 8, Subd. E could not be verified, the page names the publisher instead of printing a number.

The density figure for Division No. 8, Subd. E, 0.7 people per square kilometre, is calculated from the population and land area above.

For Division No. 8, Subd. E, the two census fields above are the only local statistics used anywhere on the page.

Readers comparing Division No. 8, Subd. E with another community can use the same four census fields.

The Division No. 8, Subd. E page follows the same structure as every other place page, with population, land area, density and rank.

Division No. 8, Subd. E appears in the census record with 496 residents, and the density of 0.7 people per square kilometre follows from it.

Division No. 8, Subd. E ranks 161 by 2021 Census population among the covered places in Newfoundland and Labrador.

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).

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.