Borrowing in Buchans, Newfoundland and Labrador

This page covers borrowing in Buchans, Newfoundland and Labrador: the census facts, the provincial rules, and the products people compare.

How borrowing works locally

An application usually asks for identification, income evidence, banking details and a statement of obligations.

Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists. A mortgage is registered against the property, which is what gives the lender its claim.

Products compared here

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

• 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.

The census figures for Buchans

The 2021 Census counted 590 residents in Buchans. Its land area is 4.6 square kilometres.

The calculated density is 127.4 people per square kilometre.

The community is the 129th largest place in the province within this census set.

Buchans sits at rank 129 among the 322 Newfoundland and Labrador places here, with 590 residents in the 2021 Census.

The Newfoundland and Labrador rules that apply

Provincial or territorial law decides who may lend in Newfoundland and Labrador, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

The federal Payday Lending Regulations (SOR/2024-114) list Newfoundland and Labrador among the provinces that regulate payday lending, where the federal Payday Lending Regulations (SOR/2024-114) cap the cost of borrowing at $14 per $100 advanced.

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

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

Buchans sits at rank 129 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Buchans, 127.4 people per square kilometre, is calculated from the population and land area above.

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

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

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

Buchans ranks 129 by 2021 Census population among the covered places in Newfoundland and Labrador.

At 590 residents in the 2021 Census, Buchans is listed alongside the other covered places in Newfoundland and Labrador.

The land area recorded for Buchans is 4.6 square kilometres, and the population is 590 residents in the 2021 Census.

Buchans is one of 322 covered Newfoundland and Labrador places, counted at 590 residents with a land area of 4.6 square kilometres.

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

Buchans appears in the census record with 590 residents, and the density of 127.4 people per square kilometre follows from it.

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.

The same structure is used for every place covered, so two communities can be compared field by field: population, land area, density, rank, and the provincial rules.