Borrowing in Springdale, Newfoundland and Labrador

A loan taken out in Springdale is governed by Newfoundland and Labrador's licensing rules, and the 2021 Census counted 2,965 people in the community.

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.

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

How borrowing works locally

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation.

Debt management plans are administered by accredited credit counsellors, and they are not loans. Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

The census figures for Springdale

2,965 people were counted in Springdale in the 2021 Census. The community covers 17.5 square kilometres of land.

The arithmetic gives 169.8 people per square kilometre.

Springdale ranks 24 by population among the Newfoundland and Labrador places on this site.

Compared with the other 322 covered Newfoundland and Labrador places, Springdale ranks 24 by population.

Products compared here

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

• No credit check loans: What lenders who advertise without a credit check actually look at instead, and where the cost goes.
• Mortgage refinancing: Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs.

Springdale ranks 24 by 2021 Census population among the covered places in Newfoundland and Labrador.

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

Springdale appears in the census record with 2,965 residents, and the density of 169.8 people per square kilometre follows from it.

Springdale sits at rank 24 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Springdale is one of 322 covered Newfoundland and Labrador places, counted at 2,965 residents with a land area of 17.5 square kilometres.

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

At 2,965 residents in the 2021 Census, Springdale is listed alongside the other covered places in Newfoundland and Labrador.

The density figure for Springdale, 169.8 people per square kilometre, is calculated from the population and land area above.

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

The land area recorded for Springdale is 17.5 square kilometres, and the population is 2,965 residents in the 2021 Census.

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

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

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.

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.