Borrowing in Bay L'Argent, Newfoundland and Labrador

This page covers borrowing in Bay L'Argent, Newfoundland and Labrador: the census facts, the provincial rules, and the products people compare.

Products compared here

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

• Emergency loans: Money for an urgent expense, and the order in which a sensible borrower works through the options.
• Unsecured loans: Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone.

How borrowing works locally

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

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation. Joint applications combine two incomes and two sets of obligations in the same assessment.

The Newfoundland and Labrador rules that apply

Consumer credit in Newfoundland and Labrador is licensed by the provincial or territorial regulator, and the Financial Consumer Agency of Canada publishes the list of 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.

Communities of this size are listed here with population, land area and density, and the lending rules remain provincial.

The census figures for Bay L'Argent

The 2021 Census counted 234 residents in Bay L'Argent. The census records a land area of 3.7 square kilometres for Bay L'Argent.

The calculated density is 62.6 people per square kilometre.

The 2021 Census population places it at rank 250 in the province.

Bay L'Argent is one of 322 places listed for Newfoundland and Labrador, ranked 250 by population and measured at 3.7 square kilometres.

For Bay L'Argent, the two census fields above are the only local statistics used anywhere on the page.

Where a figure for Bay L'Argent could not be verified, the page names the publisher instead of printing a number.

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

The Bay L'Argent page follows the same structure as every other place page, with population, land area, density and rank.

Readers comparing Bay L'Argent with another community can use the same four census fields.

The land area recorded for Bay L'Argent is 3.7 square kilometres, and the population is 234 residents in the 2021 Census.

Bay L'Argent appears in the census record with 234 residents, and the density of 62.6 people per square kilometre follows from it.

Bay L'Argent is one of 322 covered Newfoundland and Labrador places, counted at 234 residents with a land area of 3.7 square kilometres.

Bay L'Argent ranks 250 by 2021 Census population among the covered places in Newfoundland and Labrador.

The density figure for Bay L'Argent, 62.6 people per square kilometre, is calculated from the population and land area above.

Bay L'Argent sits at rank 250 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

At 234 residents in the 2021 Census, Bay L'Argent is listed alongside the other covered places in Newfoundland and Labrador.

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.

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