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Borrowing in Colinet, Newfoundland and Labrador

Colinet, Newfoundland and Labrador: 103 residents in the 2021 Census, 6.0 square kilometres of land, and the provincial lending rules that apply across Newfoundland and Labrador.

Province Newfoundland and Labrador (NL)
Population, 2021 Census 103
Land area 6.0 km²
Provincial regulator See the FCAC list

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

The census figures for Colinet

103 people were counted in Colinet in the 2021 Census. The community covers 6.0 square kilometres of land.

Dividing population by land area gives 17.1 residents per square kilometre, rounded to one decimal place.

The community is the 317th largest place in the province within this census set.

The place record for Colinet covers 6.0 square kilometres and 103 residents, a density of 17.1 people per square kilometre.

Products compared here

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

  • Personal loans: A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept.
  • Mortgage loans: Borrowing against residential property, including how a federally regulated lender tests the file.

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.

Small places are covered the same way as large ones: census figures for the place, and the provincial position on lending.

How borrowing works locally

A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

An application usually asks for identification, income evidence, banking details and a statement of obligations. Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term.

Colinet ranks 317 by 2021 Census population among the covered places in Newfoundland and Labrador.

The density figure for Colinet, 17.1 people per square kilometre, is calculated from the population and land area above.

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

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

At 103 residents in the 2021 Census, Colinet is listed alongside the other covered places in Newfoundland and Labrador.

The land area recorded for Colinet is 6.0 square kilometres, and the population is 103 residents in the 2021 Census.

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

Colinet is one of 322 covered Newfoundland and Labrador places, counted at 103 residents with a land area of 6.0 square kilometres.

Colinet sits at rank 317 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

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

Colinet appears in the census record with 103 residents, and the density of 17.1 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.

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.

Population and land area: Statistics Canada, Census of Population 2021, table 98-10-0002.

Borrowing in Colinet

Personal loans A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept. Bad credit loans Borrowing when the credit file is damaged, and what changes about price and security as a result. No credit check loans What lenders who advertise without a credit check actually look at instead, and where the cost goes. Lines of credit A revolving limit you draw on and repay, usually paying interest only on what is outstanding. Unsecured loans Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone. Secured loans Borrowing against an asset, which lowers the price but puts the asset at risk if you default. Car loans Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit. Mortgage loans Borrowing against residential property, including how a federally regulated lender tests the file. Home equity loans Converting property equity into credit, and the difference between a lump sum and a revolving limit. Mortgage refinancing Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs. Home renovation loans Paying for work on a property, from a small unsecured instalment loan to a secured renovation product. Business loans Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit. Business lines of credit A revolving operating limit for a business, and why it behaves differently from a term loan. Debt consolidation loans Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps. Debt relief programs The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them. Payday loans Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit. Cash advance loans Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance. Emergency loans Money for an urgent expense, and the order in which a sensible borrower works through the options. Instalment loans A fixed number of fixed payments, sized larger and longer than a payday advance. Collateral loans Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.

Nearby places

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