Borrowing in Port Elgin, New Brunswick

Port Elgin, New Brunswick, recorded a population of 381 in the 2021 Census; the rules that govern a loan signed there are provincial.

The New Brunswick rules that apply

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

A payday advance in New Brunswick falls under a provincial licensing regime, and the cost of borrowing is capped at $14 per $100 advanced according to the federal Payday Lending Regulations (SOR/2024-114).

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

The census figures for Port Elgin

Population for Port Elgin stands at 381 in the 2021 Census. Land area for Port Elgin is 2.6 square kilometres in the same census.

The calculated density is 143.8 people per square kilometre.

Among covered New Brunswick places, Port Elgin sits at rank 227 by population.

Compared with the other 256 covered New Brunswick places, Port Elgin ranks 227 by population.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.
• Emergency loans: Money for an urgent expense, and the order in which a sensible borrower works through the options.

How borrowing works locally

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation.

A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached. Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

Port Elgin appears in the census record with 381 residents, and the density of 143.8 people per square kilometre follows from it.

Port Elgin sits at rank 227 within New Brunswick in this data set, and the provincial rules apply as they do elsewhere.

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

At 381 residents in the 2021 Census, Port Elgin is listed alongside the other covered places in New Brunswick.

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

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

Port Elgin is one of 256 covered New Brunswick places, counted at 381 residents with a land area of 2.6 square kilometres.

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

The density figure for Port Elgin, 143.8 people per square kilometre, is calculated from the population and land area above.

Port Elgin ranks 227 by 2021 Census population among the covered places in New Brunswick.

The land area recorded for Port Elgin is 2.6 square kilometres, and the population is 381 residents in the 2021 Census.

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

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).

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