Borrowing in Bryant's Cove, Newfoundland and Labrador

This page covers borrowing in Bryant's Cove, Newfoundland and Labrador: the census facts, the provincial rules, and the products people compare.

The Newfoundland and Labrador rules that apply

Licensing for consumer credit in Newfoundland and Labrador sits with the province or territory, and the Financial Consumer Agency of Canada maintains the public 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.

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 Bryant's Cove

In the 2021 Census, Bryant's Cove had 343 residents. Statistics Canada lists 4.9 square kilometres of land for the community.

That gives a density of 70.0 people per square kilometre, rounded to one decimal place.

The community is the 206th largest place in the province within this census set.

Bryant's Cove therefore appears at rank 206 of 322 covered Newfoundland and Labrador places, with a density of 70.0 people per square kilometre.

Products compared here

Among the 20 products compared here, these two are commonly used for the purposes described.

• Cash advance loans: Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance.
• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.

How borrowing works locally

Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists.

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term. An application usually asks for identification, income evidence, banking details and a statement of obligations.

Bryant's Cove ranks 206 by 2021 Census population among the covered places in Newfoundland and Labrador.

The density figure for Bryant's Cove, 70.0 people per square kilometre, is calculated from the population and land area above.

Where a figure for Bryant's Cove could not be verified, the page names the publisher instead of printing a number.

Bryant's Cove is one of 322 covered Newfoundland and Labrador places, counted at 343 residents with a land area of 4.9 square kilometres.

The land area recorded for Bryant's Cove is 4.9 square kilometres, and the population is 343 residents in the 2021 Census.

For Bryant's Cove, the two census fields above are the only local statistics used anywhere on the page.

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

At 343 residents in the 2021 Census, Bryant's Cove is listed alongside the other covered places in Newfoundland and Labrador.

Bryant's Cove sits at rank 206 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Readers comparing Bryant's Cove with another community can use the same four census fields.

Bryant's Cove appears in the census record with 343 residents, and the density of 70.0 people per square kilometre follows from it.

The Bryant's Cove 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.

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

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