Borrowing in Red Bank 4, New Brunswick

Red Bank 4 is one of the New Brunswick places covered here, with 400 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

The New Brunswick rules that apply

The body that licenses consumer lending in New Brunswick is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s list of 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.

The lowest band groups villages, rural municipalities and small towns, all read against the same provincial rulebook.

How borrowing works locally

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

Interest on a line of credit accrues only on the drawn portion, not on the unused limit. A longer amortisation lowers each payment and raises the total interest paid over the life of the loan.

The census figures for Red Bank 4

Population for Red Bank 4 stands at 400 in the 2021 Census. 16.1 square kilometres of land are attributed to Red Bank 4.

Dividing population by land area gives 24.9 residents per square kilometre, rounded to one decimal place.

Among covered New Brunswick places, Red Bank 4 sits at rank 225 by population.

The place record for Red Bank 4 covers 16.1 square kilometres and 400 residents, a density of 24.9 people per square kilometre.

Products compared here

Each product below has its own page, and the New Brunswick position applies to all of them.

• Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.
• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.

Red Bank 4 appears in the census record with 400 residents, and the density of 24.9 people per square kilometre follows from it.

Readers comparing Red Bank 4 with another community can use the same four census fields.

At 400 residents in the 2021 Census, Red Bank 4 is listed alongside the other covered places in New Brunswick.

Red Bank 4 is one of 256 covered New Brunswick places, counted at 400 residents with a land area of 16.1 square kilometres.

Where a figure for Red Bank 4 could not be verified, the page names the publisher instead of printing a number.

Red Bank 4 ranks 225 by 2021 Census population among the covered places in New Brunswick.

The land area recorded for Red Bank 4 is 16.1 square kilometres, and the population is 400 residents in the 2021 Census.

The Red Bank 4 page follows the same structure as every other place page, with population, land area, density and rank.

The density figure for Red Bank 4, 24.9 people per square kilometre, is calculated from the population and land area above.

Nothing on the Red Bank 4 page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Red Bank 4 sits at rank 225 within New Brunswick in this data set, and the provincial rules apply as they do elsewhere.

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).

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