Borrowing in Glovertown, Newfoundland and Labrador

Glovertown is one of the Newfoundland and Labrador communities covered here, with a 2021 Census population of 1,948, and borrowing there is licensed under Newfoundland and Labrador's consumer credit rules.

The Newfoundland and Labrador rules that apply

Provincial or territorial law decides who may lend in Newfoundland and Labrador, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

In Newfoundland and Labrador, payday lending operates under a licensed provincial regime, and the federal Payday Lending Regulations (SOR/2024-114) record a maximum cost of borrowing of $14 for each $100 advanced under SOR/2024-114.

This is a small community by population, inside the lowest band used on this site, and the provincial framework applies without variation.

How borrowing works locally

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

Joint applications combine two incomes and two sets of obligations in the same assessment. 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.

The census figures for Glovertown

In the 2021 Census, Glovertown had 1,948 residents. The community covers 69.8 square kilometres of land.

Dividing population by land area gives 27.9 residents per square kilometre, rounded to one decimal place.

Among covered Newfoundland and Labrador places, Glovertown sits at rank 42 by population.

Glovertown therefore appears at rank 42 of 322 covered Newfoundland and Labrador places, with a density of 27.9 people per square kilometre.

Products compared here

The product pages behind this city cover the following borrowing categories, among the 20 products compared nationally.

• 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.

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

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

At 1,948 residents in the 2021 Census, Glovertown is listed alongside the other covered places in Newfoundland and Labrador.

The density figure for Glovertown, 27.9 people per square kilometre, is calculated from the population and land area above.

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

Glovertown ranks 42 by 2021 Census population among the covered places in Newfoundland and Labrador.

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

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

Glovertown is one of 322 covered Newfoundland and Labrador places, counted at 1,948 residents with a land area of 69.8 square kilometres.

Glovertown sits at rank 42 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Glovertown appears in the census record with 1,948 residents, and the density of 27.9 people per square kilometre follows from it.

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).

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