Borrowing in St. Jacques-Coomb's Cove, Newfoundland and Labrador

St. Jacques-Coomb's Cove, Newfoundland and Labrador, recorded a population of 546 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, cap the cost of borrowing at $14 per $100 advanced in Newfoundland and Labrador, which the federal Payday Lending Regulations (SOR/2024-114) list as a province that regulates the product.

Places in the smallest population band are grouped here as small communities, and the pages carry the same census fields and the same provincial rules as the largest city.

How borrowing works locally

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

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation. A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

The census figures for St. Jacques-Coomb's Cove

Statistics Canada's 2021 Census gives St. Jacques-Coomb's Cove a population of 546. 81.9 square kilometres of land are attributed to St. Jacques-Coomb's Cove.

On those two figures, density is 6.7 residents per square kilometre when rounded to one decimal place.

Among covered Newfoundland and Labrador places, St. Jacques-Coomb's Cove sits at rank 144 by population.

St. Jacques-Coomb's Cove is one of 322 places listed for Newfoundland and Labrador, ranked 144 by population and measured at 81.9 square kilometres.

Products compared here

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

• 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.

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

The density figure for St. Jacques-Coomb's Cove, 6.7 people per square kilometre, is calculated from the population and land area above.

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

St. Jacques-Coomb's Cove sits at rank 144 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

At 546 residents in the 2021 Census, St. Jacques-Coomb's Cove is listed alongside the other covered places in Newfoundland and Labrador.

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

St. Jacques-Coomb's Cove ranks 144 by 2021 Census population among the covered places in Newfoundland and Labrador.

The land area recorded for St. Jacques-Coomb's Cove is 81.9 square kilometres, and the population is 546 residents in the 2021 Census.

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

St. Jacques-Coomb's Cove is one of 322 covered Newfoundland and Labrador places, counted at 546 residents with a land area of 81.9 square kilometres.

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.

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.