Borrowing in Hilton, Ontario

A loan taken out in Hilton is governed by Ontario's licensing rules, and the 2021 Census counted 382 people in the community.

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.

A payday advance in Ontario falls under a provincial licensing regime, and the cost of borrowing is capped at $14 per $100 advanced according to the federal Payday Lending Regulations (SOR/2024-114).

At the small end of the census range, the community still borrows inside the province's licensing system.

How borrowing works locally

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

A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one. A credit file is compiled by private agencies from information lenders and other creditors report.

The census figures for Hilton

Hilton recorded a population of 382 in Statistics Canada's 2021 Census of Population. The census records a land area of 114.8 square kilometres for Hilton.

The arithmetic gives 3.3 people per square kilometre.

By population it ranks 450 among the Ontario places covered here.

The place record for Hilton covers 114.8 square kilometres and 382 residents, a density of 3.3 people per square kilometre.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• Cash advance loans: Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance.
• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.

Hilton ranks 450 by 2021 Census population among the covered places in Ontario.

The land area recorded for Hilton is 114.8 square kilometres, and the population is 382 residents in the 2021 Census.

Hilton appears in the census record with 382 residents, and the density of 3.3 people per square kilometre follows from it.

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

At 382 residents in the 2021 Census, Hilton is listed alongside the other covered places in Ontario.

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

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

Hilton sits at rank 450 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Hilton, 3.3 people per square kilometre, is calculated from the population and land area above.

Hilton is one of 527 covered Ontario places, counted at 382 residents with a land area of 114.8 square kilometres.

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

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

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