Borrowing in Lumsden, Newfoundland and Labrador

Lumsden is one of the Newfoundland and Labrador places covered here, with 535 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

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) 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.

At the small end of the census range, the community still borrows inside the province's licensing system.

How borrowing works locally

Debt management plans are administered by accredited credit counsellors, and they are not loans.

A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes. A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached.

The census figures for Lumsden

The 2021 Census counted 535 residents in Lumsden. Statistics Canada lists 19.2 square kilometres of land for the community.

The calculated density is 27.9 people per square kilometre.

Its provincial population rank is 150 within this data set.

Compared with the other 322 covered Newfoundland and Labrador places, Lumsden ranks 150 by population.

Products compared here

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

• Emergency loans: Money for an urgent expense, and the order in which a sensible borrower works through the options.
• Unsecured loans: Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone.

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

Lumsden is one of 322 covered Newfoundland and Labrador places, counted at 535 residents with a land area of 19.2 square kilometres.

Lumsden appears in the census record with 535 residents, and the density of 27.9 people per square kilometre follows from it.

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

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

Lumsden ranks 150 by 2021 Census population among the covered places in Newfoundland and Labrador.

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

Lumsden sits at rank 150 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

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

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

The land area recorded for Lumsden is 19.2 square kilometres, and the population is 535 residents in the 2021 Census.

At 535 residents in the 2021 Census, Lumsden is listed alongside the other 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.

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 provincial rules apply wherever a borrower is in Newfoundland and Labrador; a municipal boundary does not change them.