Borrowing in Herbert, Saskatchewan

With 770 residents counted in the 2021 Census, Herbert sits inside Saskatchewan's provincial lending framework.

The Saskatchewan rules that apply

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

A payday advance in Saskatchewan falls under a provincial licensing regime, and the cost of borrowing is capped at $14 per $100 under the federal limit (this province's own published limit is $17 per $100 advanced, the top of the range the Regulations describe) advanced according to the federal Payday Lending Regulations (SOR/2024-114).

At the small end of the census range, the community still borrows inside the province's licensing system.

The census figures for Herbert

In the 2021 Census, Herbert had 770 residents. The census records a land area of 3.7 square kilometres for Herbert.

The arithmetic gives 208.7 people per square kilometre.

The 2021 Census population places it at rank 175 in the province.

Within Saskatchewan, Herbert is place number 175 by population in this census set, at 770 residents.

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 provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one. Joint applications combine two incomes and two sets of obligations in the same assessment.

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

Herbert ranks 175 by 2021 Census population among the covered places in Saskatchewan.

Herbert is one of 733 covered Saskatchewan places, counted at 770 residents with a land area of 3.7 square kilometres.

Herbert sits at rank 175 within Saskatchewan in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Herbert is 3.7 square kilometres, and the population is 770 residents in the 2021 Census.

The density figure for Herbert, 208.7 people per square kilometre, is calculated from the population and land area above.

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

At 770 residents in the 2021 Census, Herbert is listed alongside the other covered places in Saskatchewan.

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

Herbert appears in the census record with 770 residents, and the density of 208.7 people per square kilometre follows from it.

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

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).

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