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Borrowing in Fermeuse, Newfoundland and Labrador

Fermeuse, Newfoundland and Labrador: 266 residents in the 2021 Census, 38.3 square kilometres of land, and the provincial lending rules that apply across Newfoundland and Labrador.

Province Newfoundland and Labrador (NL)
Population, 2021 Census 266
Land area 38.3 km²
Provincial regulator See the FCAC list

Fermeuse, Newfoundland and Labrador, recorded a population of 266 in the 2021 Census; the rules that govern a loan signed there are provincial.

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) list Newfoundland and Labrador among the provinces that regulate payday lending, where the federal Payday Lending Regulations (SOR/2024-114) cap the cost of borrowing at $14 per $100 advanced.

Small places are covered the same way as large ones: census figures for the place, and the provincial position on lending.

How borrowing works locally

Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists.

A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments. A longer amortisation lowers each payment and raises the total interest paid over the life of the loan.

The census figures for Fermeuse

266 people were counted in Fermeuse in the 2021 Census. Statistics Canada lists 38.3 square kilometres of land for the community.

Dividing population by land area gives 6.9 residents per square kilometre, rounded to one decimal place.

Fermeuse ranks 234 by population among the Newfoundland and Labrador places on this site.

Within Newfoundland and Labrador, Fermeuse is place number 234 by population in this census set, at 266 residents.

Products compared here

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

  • Bad credit loans: Borrowing when the credit file is damaged, and what changes about price and security as a result.
  • Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.

Fermeuse ranks 234 by 2021 Census population among the covered places in Newfoundland and Labrador.

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

At 266 residents in the 2021 Census, Fermeuse is listed alongside the other covered places in Newfoundland and Labrador.

Fermeuse sits at rank 234 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

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

The land area recorded for Fermeuse is 38.3 square kilometres, and the population is 266 residents in the 2021 Census.

Fermeuse appears in the census record with 266 residents, and the density of 6.9 people per square kilometre follows from it.

Fermeuse is one of 322 covered Newfoundland and Labrador places, counted at 266 residents with a land area of 38.3 square kilometres.

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

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

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

The density figure for Fermeuse, 6.9 people per square kilometre, is calculated from the population and land area above.

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).

Nothing here is an offer, and no page on this site can tell anyone what a lender will decide.

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

Borrowing in Fermeuse

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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