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Borrowing in Portugal Cove-St. Philip's, Newfoundland and Labrador

Population 8,415, land area 57.6 square kilometres: the census facts for Portugal Cove-St. Philip's, plus how consumer credit is regulated in Newfoundland and Labrador.

Province Newfoundland and Labrador (NL)
Population, 2021 Census 8,415
Land area 57.6 km²
Provincial regulator See the FCAC list

Portugal Cove-St. Philip's, Newfoundland and Labrador, recorded a population of 8,415 in the 2021 Census; the rules that govern a loan signed there are provincial.

How borrowing works locally

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

Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term. Joint applications combine two incomes and two sets of obligations in the same assessment.

Products compared here

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

  • Mortgage refinancing: Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs.
  • Cash advance loans: Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance.

The census figures for Portugal Cove-St. Philip's

Population for Portugal Cove-St. Philip's stands at 8,415 in the 2021 Census. Its land area is 57.6 square kilometres.

Dividing population by land area gives 146.1 residents per square kilometre, rounded to one decimal place.

Portugal Cove-St. Philip's ranks 8 by population among the Newfoundland and Labrador places on this site.

Compared with the other 322 covered Newfoundland and Labrador places, Portugal Cove-St. Philip's ranks 8 by population.

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 community sits in the lower-middle population band, which changes the census figures rather than the rules.

Readers comparing Portugal Cove-St. Philip's with another community can use the same four census fields.

The Portugal Cove-St. Philip's page follows the same structure as every other place page, with population, land area, density and rank.

Portugal Cove-St. Philip's is one of 322 covered Newfoundland and Labrador places, counted at 8,415 residents with a land area of 57.6 square kilometres.

At 8,415 residents in the 2021 Census, Portugal Cove-St. Philip's is listed alongside the other covered places in Newfoundland and Labrador.

The density figure for Portugal Cove-St. Philip's, 146.1 people per square kilometre, is calculated from the population and land area above.

Nothing on the Portugal Cove-St. Philip's page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Portugal Cove-St. Philip's ranks 8 by 2021 Census population among the covered places in Newfoundland and Labrador.

The land area recorded for Portugal Cove-St. Philip's is 57.6 square kilometres, and the population is 8,415 residents in the 2021 Census.

Portugal Cove-St. Philip's appears in the census record with 8,415 residents, and the density of 146.1 people per square kilometre follows from it.

For Portugal Cove-St. Philip's, the two census fields above are the only local statistics used anywhere on the page.

Where a figure for Portugal Cove-St. Philip's could not be verified, the page names the publisher instead of printing a number.

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).

Nothing here is an offer, and no page on this site can tell anyone what a lender will decide.

Population and land area: Statistics Canada, Census of Population 2021, table 98-10-0002.

Borrowing in Portugal Cove-St. Philip's

Personal loans A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept. Bad credit loans Borrowing when the credit file is damaged, and what changes about price and security as a result. No credit check loans What lenders who advertise without a credit check actually look at instead, and where the cost goes. Lines of credit A revolving limit you draw on and repay, usually paying interest only on what is outstanding. Unsecured loans Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone. Secured loans Borrowing against an asset, which lowers the price but puts the asset at risk if you default. Car loans Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit. Mortgage loans Borrowing against residential property, including how a federally regulated lender tests the file. Home equity loans Converting property equity into credit, and the difference between a lump sum and a revolving limit. Mortgage refinancing Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs. Home renovation loans Paying for work on a property, from a small unsecured instalment loan to a secured renovation product. Business loans Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit. Business lines of credit A revolving operating limit for a business, and why it behaves differently from a term loan. Debt consolidation loans Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps. Debt relief programs The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them. Payday loans Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit. Cash advance loans Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance. Emergency loans Money for an urgent expense, and the order in which a sensible borrower works through the options. Instalment loans A fixed number of fixed payments, sized larger and longer than a payday advance. Collateral loans Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.

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