Borrowing in Loyalist, Ontario

A loan taken out in Loyalist is governed by Ontario's licensing rules, and the 2021 Census counted 17,943 people in the community.

The Ontario rules that apply

The regulator for consumer credit in Ontario is the body listed by the federal Payday Lending Regulations (SOR/2024-114) provincial and territorial regulators.

In Ontario, 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.

The lower-middle band covers towns of moderate size, none of which sets its own lending rules.

The census figures for Loyalist

Population for Loyalist stands at 17,943 in the 2021 Census. Its land area is 342.7 square kilometres.

Population divided by land area produces a density of 52.4 people per square kilometre.

The 2021 Census population places it at rank 98 in the province.

Loyalist therefore appears at rank 98 of 527 covered Ontario places, with a density of 52.4 people per square kilometre.

Products compared here

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

• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.
• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.

How borrowing works locally

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

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments. A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

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

Loyalist sits at rank 98 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

Loyalist appears in the census record with 17,943 residents, and the density of 52.4 people per square kilometre follows from it.

Loyalist is one of 527 covered Ontario places, counted at 17,943 residents with a land area of 342.7 square kilometres.

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

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

The land area recorded for Loyalist is 342.7 square kilometres, and the population is 17,943 residents in the 2021 Census.

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

The density figure for Loyalist, 52.4 people per square kilometre, is calculated from the population and land area above.

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

Loyalist ranks 98 by 2021 Census population among the covered places in Ontario.

At 17,943 residents in the 2021 Census, Loyalist is listed alongside the other 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.

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.