Borrowing in East Hereford, Quebec

East Hereford is one of the Quebec communities covered here, with a 2021 Census population of 282, and borrowing there is licensed under Quebec's consumer credit rules.

The census figures for East Hereford

In the 2021 Census, East Hereford had 282 residents. The community covers 72.1 square kilometres of land.

That gives a density of 3.9 people per square kilometre, rounded to one decimal place.

Among covered Quebec places, East Hereford sits at rank 1077 by population.

Compared with the other 1150 covered Quebec places, East Hereford ranks 1077 by population.

The Quebec rules that apply

Provincial or territorial law decides who may lend in Quebec, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

The federal Payday Lending Regulations (SOR/2024-114) are explicit that Quebec does not license payday lending, which changes which rules a short-term advance falls under.

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

How borrowing works locally

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

A mortgage is registered against the property, which is what gives the lender its claim. A longer amortisation lowers each payment and raises the total interest paid over the life of the loan.

Products compared here

Among the 20 products compared here, these two are commonly used for the purposes described.

• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.
• Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.

East Hereford sits at rank 1077 within Quebec in this data set, and the provincial rules apply as they do elsewhere.

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

East Hereford appears in the census record with 282 residents, and the density of 3.9 people per square kilometre follows from it.

The density figure for East Hereford, 3.9 people per square kilometre, is calculated from the population and land area above.

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

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

East Hereford ranks 1077 by 2021 Census population among the covered places in Quebec.

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

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

The land area recorded for East Hereford is 72.1 square kilometres, and the population is 282 residents in the 2021 Census.

At 282 residents in the 2021 Census, East Hereford is listed alongside the other covered places in Quebec.

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.

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