Borrowing in Branch, Newfoundland and Labrador

A loan taken out in Branch is governed by Newfoundland and Labrador's licensing rules, and the 2021 Census counted 177 people in the community.

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.

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

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 Branch

In the 2021 Census, Branch had 177 residents. The community covers 16.2 square kilometres of land.

That gives a density of 10.9 people per square kilometre, rounded to one decimal place.

By population it ranks 278 among the Newfoundland and Labrador places covered here.

Compared with the other 322 covered Newfoundland and Labrador places, Branch ranks 278 by population.

Products compared here

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

• Unsecured loans: Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone.
• Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.

How borrowing works locally

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators. A broker arranges credit but does not lend, and the lender remains the party that makes the decision.

Branch ranks 278 by 2021 Census population among the covered places in Newfoundland and Labrador.

The density figure for Branch, 10.9 people per square kilometre, is calculated from the population and land area above.

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

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

Branch appears in the census record with 177 residents, and the density of 10.9 people per square kilometre follows from it.

At 177 residents in the 2021 Census, Branch is listed alongside the other covered places in Newfoundland and Labrador.

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

Branch is one of 322 covered Newfoundland and Labrador places, counted at 177 residents with a land area of 16.2 square kilometres.

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

Branch sits at rank 278 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Branch is 16.2 square kilometres, and the population is 177 residents in the 2021 Census.

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

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.

The provincial rules apply wherever a borrower is in Newfoundland and Labrador; a municipal boundary does not change them.