Borrowing in Nairn and Hyman, Ontario

Nairn and Hyman is one of the Ontario communities covered here, with a 2021 Census population of 373, and borrowing there is licensed under Ontario's consumer credit rules.

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.

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.

Small places are covered the same way as large ones: census figures for the place, and the provincial position on lending.

The census figures for Nairn and Hyman

In the 2021 Census, Nairn and Hyman had 373 residents. The census records a land area of 159.2 square kilometres for Nairn and Hyman.

Population divided by land area produces a density of 2.3 people per square kilometre.

Among covered Ontario places, Nairn and Hyman sits at rank 454 by population.

Within Ontario, Nairn and Hyman is place number 454 by population in this census set, at 373 residents.

Products compared here

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

• Emergency loans: Money for an urgent expense, and the order in which a sensible borrower works through the options.
• Unsecured loans: Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone.

How borrowing works locally

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

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments. A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

The land area recorded for Nairn and Hyman is 159.2 square kilometres, and the population is 373 residents in the 2021 Census.

Nairn and Hyman ranks 454 by 2021 Census population among the covered places in Ontario.

At 373 residents in the 2021 Census, Nairn and Hyman is listed alongside the other covered places in Ontario.

Nairn and Hyman sits at rank 454 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

Nairn and Hyman appears in the census record with 373 residents, and the density of 2.3 people per square kilometre follows from it.

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

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

Readers comparing Nairn and Hyman with another community can use the same four census fields.

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

The density figure for Nairn and Hyman, 2.3 people per square kilometre, is calculated from the population and land area above.

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.