Borrowing in Bonfield, Ontario

Bonfield is one of the Ontario communities covered here, with a 2021 Census population of 2,146, and borrowing there is licensed under Ontario's consumer credit rules.

Products compared here

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

• Personal loans: A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept.
• Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.

How borrowing works locally

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

An application usually asks for identification, income evidence, banking details and a statement of obligations. A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

The Ontario rules that apply

Provincial or territorial law decides who may lend in Ontario, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

The federal payday lending regulations, SOR/2024-114, cap the cost of borrowing at $14 per $100 advanced in Ontario, which the federal Payday Lending Regulations (SOR/2024-114) list as a province that regulates the product.

Communities of this size are listed here with population, land area and density, and the lending rules remain provincial.

The census figures for Bonfield

Population for Bonfield stands at 2,146 in the 2021 Census. 206.2 square kilometres of land are attributed to Bonfield.

Population divided by land area produces a density of 10.4 people per square kilometre.

Bonfield ranks 305 by population among the Ontario places on this site.

Bonfield sits at rank 305 among the 527 Ontario places here, with 2,146 residents in the 2021 Census.

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

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

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

At 2,146 residents in the 2021 Census, Bonfield is listed alongside the other covered places in Ontario.

The density figure for Bonfield, 10.4 people per square kilometre, is calculated from the population and land area above.

The land area recorded for Bonfield is 206.2 square kilometres, and the population is 2,146 residents in the 2021 Census.

Bonfield is one of 527 covered Ontario places, counted at 2,146 residents with a land area of 206.2 square kilometres.

Bonfield sits at rank 305 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

Bonfield appears in the census record with 2,146 residents, and the density of 10.4 people per square kilometre follows from it.

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

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

Bonfield ranks 305 by 2021 Census population among the covered places in Ontario.

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.