Borrowing in Anchor Point, Newfoundland and Labrador

With 305 residents counted in the 2021 Census, Anchor Point sits inside Newfoundland and Labrador's provincial lending framework.

The Newfoundland and Labrador rules that apply

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

In Newfoundland and Labrador, payday lending operates under a licensed provincial regime, and the federal Payday Lending Regulations (SOR/2024-114) record a maximum cost of borrowing of $14 for each $100 advanced under SOR/2024-114.

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 Anchor Point

305 people were counted in Anchor Point in the 2021 Census. Land area for Anchor Point is 2.3 square kilometres in the same census.

Population divided by land area produces a density of 135.0 people per square kilometre.

The 2021 Census population places it at rank 218 in the province.

Compared with the other 322 covered Newfoundland and Labrador places, Anchor Point ranks 218 by population.

Products compared here

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

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How borrowing works locally

Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

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

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

Anchor Point is one of 322 covered Newfoundland and Labrador places, counted at 305 residents with a land area of 2.3 square kilometres.

At 305 residents in the 2021 Census, Anchor Point is listed alongside the other covered places in Newfoundland and Labrador.

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

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

The land area recorded for Anchor Point is 2.3 square kilometres, and the population is 305 residents in the 2021 Census.

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

Anchor Point sits at rank 218 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Anchor Point appears in the census record with 305 residents, and the density of 135.0 people per square kilometre follows from it.

Anchor Point ranks 218 by 2021 Census population among the covered places in Newfoundland and Labrador.

The density figure for Anchor Point, 135.0 people per square kilometre, is calculated from the population and land area above.

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).

Nothing here is an offer, and no page on this site can tell anyone what a lender will decide.