Borrowing in Rainy Lake 17A, Ontario

Rainy Lake 17A is one of the Ontario communities covered here, with a 2021 Census population of 234, and borrowing there is licensed under Ontario's consumer credit rules.

How borrowing works locally

An application usually asks for identification, income evidence, banking details and a statement of obligations.

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term. Joint applications combine two incomes and two sets of obligations in the same assessment.

Products compared here

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

• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.
• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.

The census figures for Rainy Lake 17A

Statistics Canada's 2021 Census gives Rainy Lake 17A a population of 234. 14.2 square kilometres of land are attributed to Rainy Lake 17A.

That gives a density of 16.5 people per square kilometre, rounded to one decimal place.

Its provincial population rank is 484 within this data set.

Rainy Lake 17A therefore appears at rank 484 of 527 covered Ontario places, with a density of 16.5 people per square kilometre.

The Ontario rules that apply

Licensing for consumer credit in Ontario sits with the province or territory, and the Financial Consumer Agency of Canada maintains the public list of provincial and territorial regulators.

The federal Payday Lending Regulations (SOR/2024-114) list Ontario among the provinces that regulate payday lending, where the federal Payday Lending Regulations (SOR/2024-114) cap the cost of borrowing at $14 per $100 advanced.

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

Rainy Lake 17A sits at rank 484 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

Where a figure for Rainy Lake 17A could not be verified, the page names the publisher instead of printing a number.

Rainy Lake 17A is one of 527 covered Ontario places, counted at 234 residents with a land area of 14.2 square kilometres.

The land area recorded for Rainy Lake 17A is 14.2 square kilometres, and the population is 234 residents in the 2021 Census.

The Rainy Lake 17A page follows the same structure as every other place page, with population, land area, density and rank.

For Rainy Lake 17A, the two census fields above are the only local statistics used anywhere on the page.

At 234 residents in the 2021 Census, Rainy Lake 17A is listed alongside the other covered places in Ontario.

The density figure for Rainy Lake 17A, 16.5 people per square kilometre, is calculated from the population and land area above.

Rainy Lake 17A ranks 484 by 2021 Census population among the covered places in Ontario.

Nothing on the Rainy Lake 17A page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Rainy Lake 17A appears in the census record with 234 residents, and the density of 16.5 people per square kilometre follows from it.

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

The 2021 Census of Population published by Statistics Canada is the source for population and land area; the federal Payday Lending Regulations (SOR/2024-114) are the source for payday rules.

The provincial rules apply wherever a borrower is in Ontario; a municipal boundary does not change them.