Borrowing in Placentia, Newfoundland and Labrador

Placentia, Newfoundland and Labrador, recorded a population of 3,289 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) 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.

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

The census figures for Placentia

The 2021 Census counted 3,289 residents in Placentia. The census records a land area of 57.8 square kilometres for Placentia.

That gives a density of 56.9 people per square kilometre, rounded to one decimal place.

By population it ranks 20 among the Newfoundland and Labrador places covered here.

Compared with the other 322 covered Newfoundland and Labrador places, Placentia ranks 20 by population.

Products compared here

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

• Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.
• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.

How borrowing works locally

A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached.

A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit. Debt management plans are administered by accredited credit counsellors, and they are not loans.

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

At 3,289 residents in the 2021 Census, Placentia is listed alongside the other covered places in Newfoundland and Labrador.

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

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

Placentia ranks 20 by 2021 Census population among the covered places in Newfoundland and Labrador.

The density figure for Placentia, 56.9 people per square kilometre, is calculated from the population and land area above.

The land area recorded for Placentia is 57.8 square kilometres, and the population is 3,289 residents in the 2021 Census.

Placentia is one of 322 covered Newfoundland and Labrador places, counted at 3,289 residents with a land area of 57.8 square kilometres.

Placentia appears in the census record with 3,289 residents, and the density of 56.9 people per square kilometre follows from it.

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

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

Placentia sits at rank 20 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).

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