Borrowing in Milltown-Head of Bay d'Espoir, Newfoundland and Labrador

Milltown-Head of Bay d'Espoir is one of the Newfoundland and Labrador places covered here, with 669 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

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.

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.

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

How borrowing works locally

A broker arranges credit but does not lend, and the lender remains the party that makes the decision.

A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit. A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

The census figures for Milltown-Head of Bay d'Espoir

The 2021 Census counted 669 residents in Milltown-Head of Bay d'Espoir. Land area for Milltown-Head of Bay d'Espoir is 24.9 square kilometres in the same census.

The calculated density is 26.8 people per square kilometre.

By population it ranks 114 among the Newfoundland and Labrador places covered here.

Milltown-Head of Bay d'Espoir is one of 322 places listed for Newfoundland and Labrador, ranked 114 by population and measured at 24.9 square kilometres.

Products compared here

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

• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.
• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.

At 669 residents in the 2021 Census, Milltown-Head of Bay d'Espoir is listed alongside the other covered places in Newfoundland and Labrador.

Milltown-Head of Bay d'Espoir ranks 114 by 2021 Census population among the covered places in Newfoundland and Labrador.

The Milltown-Head of Bay d'Espoir page follows the same structure as every other place page, with population, land area, density and rank.

Milltown-Head of Bay d'Espoir appears in the census record with 669 residents, and the density of 26.8 people per square kilometre follows from it.

Milltown-Head of Bay d'Espoir sits at rank 114 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

For Milltown-Head of Bay d'Espoir, the two census fields above are the only local statistics used anywhere on the page.

Milltown-Head of Bay d'Espoir is one of 322 covered Newfoundland and Labrador places, counted at 669 residents with a land area of 24.9 square kilometres.

Where a figure for Milltown-Head of Bay d'Espoir could not be verified, the page names the publisher instead of printing a number.

The land area recorded for Milltown-Head of Bay d'Espoir is 24.9 square kilometres, and the population is 669 residents in the 2021 Census.

The density figure for Milltown-Head of Bay d'Espoir, 26.8 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).

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