Borrowing in Main Brook, Newfoundland and Labrador

Main Brook, Newfoundland and Labrador, recorded a population of 246 in the 2021 Census; the rules that govern a loan signed there are provincial.

Products compared here

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

• 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.

How borrowing works locally

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

A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached. 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 Newfoundland and Labrador rules that apply

The body that licenses consumer lending in Newfoundland and Labrador is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s list of provincial and territorial regulators.

Payday lending is licensed in Newfoundland and Labrador; the federal Payday Lending Regulations (SOR/2024-114) publish a cap of $14 per $100 advanced, and notes that a province may set a lower figure.

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

The census figures for Main Brook

In the 2021 Census, Main Brook had 246 residents. Its land area is 28.0 square kilometres.

That gives a density of 8.8 people per square kilometre, rounded to one decimal place.

The 2021 Census population places it at rank 244 in the province.

Main Brook is one of 322 places listed for Newfoundland and Labrador, ranked 244 by population and measured at 28.0 square kilometres.

The land area recorded for Main Brook is 28.0 square kilometres, and the population is 246 residents in the 2021 Census.

Main Brook is one of 322 covered Newfoundland and Labrador places, counted at 246 residents with a land area of 28.0 square kilometres.

Main Brook appears in the census record with 246 residents, and the density of 8.8 people per square kilometre follows from it.

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

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

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

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

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

The density figure for Main Brook, 8.8 people per square kilometre, is calculated from the population and land area above.

At 246 residents in the 2021 Census, Main Brook is listed alongside the other covered places in Newfoundland and Labrador.

Main Brook ranks 244 by 2021 Census population among the covered places in Newfoundland and Labrador.

Main Brook sits at rank 244 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

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).

The same structure is used for every place covered, so two communities can be compared field by field: population, land area, density, rank, and the provincial rules.