Borrowing in Meductic, New Brunswick

Meductic is one of the New Brunswick places covered here, with 180 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

The New Brunswick rules that apply

Consumer lending in New Brunswick is licensed provincially or territorially, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position appears.

The federal payday lending regulations, SOR/2024-114, cap the cost of borrowing at $14 per $100 advanced in New Brunswick, which the federal Payday Lending Regulations (SOR/2024-114) list as a province that regulates the product.

Places in the smallest population band are grouped here as small communities, and the pages carry the same census fields and the same provincial rules as the largest city.

The census figures for Meductic

Population for Meductic stands at 180 in the 2021 Census. 6.3 square kilometres of land are attributed to Meductic.

That gives a density of 28.8 people per square kilometre, rounded to one decimal place.

By population it ranks 251 among the New Brunswick places covered here.

The place record for Meductic covers 6.3 square kilometres and 180 residents, a density of 28.8 people per square kilometre.

Products compared here

Two of the 20 covered products appear below, each with the purpose the product is designed for.

• Personal loans: A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept.
• Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.

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.

An application usually asks for identification, income evidence, banking details and a statement of obligations. Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

At 180 residents in the 2021 Census, Meductic is listed alongside the other covered places in New Brunswick.

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

The land area recorded for Meductic is 6.3 square kilometres, and the population is 180 residents in the 2021 Census.

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

The density figure for Meductic, 28.8 people per square kilometre, is calculated from the population and land area above.

Meductic appears in the census record with 180 residents, and the density of 28.8 people per square kilometre follows from it.

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

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

Meductic is one of 256 covered New Brunswick places, counted at 180 residents with a land area of 6.3 square kilometres.

Meductic ranks 251 by 2021 Census population among the covered places in New Brunswick.

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

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

The same structure is used for every place covered, so two communities can be compared field by field: population, land area, density, rank, and the provincial rules.