Borrowing in Melancthon, Ontario

With 3,132 residents counted in the 2021 Census, Melancthon sits inside Ontario's provincial lending framework.

The Ontario rules that apply

Consumer lending in Ontario is licensed provincially or territorially, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position appears.

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).

This is a small community by population, inside the lowest band used on this site, and the provincial framework applies without variation.

The census figures for Melancthon

3,132 people were counted in Melancthon in the 2021 Census. 310.4 square kilometres of land are attributed to Melancthon.

The calculated density is 10.1 people per square kilometre.

Among covered Ontario places, Melancthon sits at rank 273 by population.

Compared with the other 527 covered Ontario places, Melancthon ranks 273 by population.

Products compared here

These are two of the 20 products described on the site, and each has a national page as well as the provincial rules.

• Unsecured loans: Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone.
• Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.

How borrowing works locally

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes. A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one.

Melancthon appears in the census record with 3,132 residents, and the density of 10.1 people per square kilometre follows from it.

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

The land area recorded for Melancthon is 310.4 square kilometres, and the population is 3,132 residents in the 2021 Census.

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

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

At 3,132 residents in the 2021 Census, Melancthon is listed alongside the other covered places in Ontario.

Melancthon is one of 527 covered Ontario places, counted at 3,132 residents with a land area of 310.4 square kilometres.

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

Melancthon sits at rank 273 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Melancthon, 10.1 people per square kilometre, is calculated from the population and land area above.

Melancthon ranks 273 by 2021 Census population among the covered places in Ontario.

Readers comparing Melancthon 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.

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).

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