Borrowing in Sakimay 74, Saskatchewan

Sakimay 74 is one of the Saskatchewan places covered here, with 250 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

How borrowing works locally

A lender is free to set its own price below the legal ceiling, and it does so according to the risk it reads in the file.

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments. A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes.

Products compared here

The product pages behind this city cover the following borrowing categories, among the 20 products compared nationally.

• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.
• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.

The census figures for Sakimay 74

Population for Sakimay 74 stands at 250 in the 2021 Census. The community covers 83.8 square kilometres of land.

Dividing population by land area gives 3.0 residents per square kilometre, rounded to one decimal place.

The community is the 548th largest place in the province within this census set.

Sakimay 74 therefore appears at rank 548 of 733 covered Saskatchewan places, with a density of 3.0 people per square kilometre.

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.

The federal Payday Lending Regulations (SOR/2024-114) list Saskatchewan 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 under the federal limit (this province's own published limit is $17 per $100 advanced, the top of the range the Regulations describe) advanced.

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

Sakimay 74 ranks 548 by 2021 Census population among the covered places in Saskatchewan.

The Sakimay 74 page follows the same structure as every other place page, with population, land area, density and rank.

The density figure for Sakimay 74, 3.0 people per square kilometre, is calculated from the population and land area above.

At 250 residents in the 2021 Census, Sakimay 74 is listed alongside the other covered places in Saskatchewan.

Sakimay 74 appears in the census record with 250 residents, and the density of 3.0 people per square kilometre follows from it.

Sakimay 74 is one of 733 covered Saskatchewan places, counted at 250 residents with a land area of 83.8 square kilometres.

Nothing on the Sakimay 74 page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Sakimay 74 sits at rank 548 within Saskatchewan in this data set, and the provincial rules apply as they do elsewhere.

Readers comparing Sakimay 74 with another community can use the same four census fields.

For Sakimay 74, the two census fields above are the only local statistics used anywhere on the page.

The land area recorded for Sakimay 74 is 83.8 square kilometres, and the population is 250 residents in the 2021 Census.

Where a figure for Sakimay 74 could not be verified, the page names the publisher instead of printing a number.

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).

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.