Borrowing in Caraquet, New Brunswick

This page covers borrowing in Caraquet, New Brunswick: the census facts, the provincial rules, and the products people compare.

Products compared here

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

• Unsecured loans: Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone.
• Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.

How borrowing works locally

A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached.

An application usually asks for identification, income evidence, banking details and a statement of obligations. A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

The New Brunswick rules that apply

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

Payday lending is licensed in New Brunswick; the federal Payday Lending Regulations (SOR/2024-114) publish a cap of $14 per $100 advanced, and notes that a province may set a lower figure.

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

The census figures for Caraquet

Caraquet recorded a population of 4,285 in Statistics Canada's 2021 Census of Population. Its land area is 68.1 square kilometres.

On those two figures, density is 62.9 residents per square kilometre when rounded to one decimal place.

By population it ranks 37 among the New Brunswick places covered here.

Caraquet sits at rank 37 among the 256 New Brunswick places here, with 4,285 residents in the 2021 Census.

The land area recorded for Caraquet is 68.1 square kilometres, and the population is 4,285 residents in the 2021 Census.

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

The density figure for Caraquet, 62.9 people per square kilometre, is calculated from the population and land area above.

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

At 4,285 residents in the 2021 Census, Caraquet is listed alongside the other covered places in New Brunswick.

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

Caraquet is one of 256 covered New Brunswick places, counted at 4,285 residents with a land area of 68.1 square kilometres.

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

Caraquet appears in the census record with 4,285 residents, and the density of 62.9 people per square kilometre follows from it.

Caraquet sits at rank 37 within New Brunswick in this data set, and the provincial rules apply as they do elsewhere.

The Caraquet 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.

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 New Brunswick; a municipal boundary does not change them.