Borrowing in Cupids, Newfoundland and Labrador

Cupids, Newfoundland and Labrador, recorded a population of 699 in the 2021 Census; the rules that govern a loan signed there are provincial.

The Newfoundland and Labrador rules that apply

The body that licenses consumer lending in Newfoundland and Labrador is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s list of provincial and territorial regulators.

The federal Payday Lending Regulations (SOR/2024-114) count Newfoundland and Labrador among the provinces with payday lending rules, where the published maximum cost of borrowing is $14 per $100 advanced under SOR/2024-114.

Places in the smallest population band are grouped here as small communities, and the pages carry the same census fields and the same provincial rules as the largest city.

How borrowing works locally

A credit file is compiled by private agencies from information lenders and other creditors report.

A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit. A longer amortisation lowers each payment and raises the total interest paid over the life of the loan.

The census figures for Cupids

Statistics Canada's 2021 Census gives Cupids a population of 699. Statistics Canada lists 10.9 square kilometres of land for the community.

Dividing population by land area gives 64.4 residents per square kilometre, rounded to one decimal place.

By population it ranks 108 among the Newfoundland and Labrador places covered here.

Within Newfoundland and Labrador, Cupids is place number 108 by population in this census set, at 699 residents.

Products compared here

These are two of the 20 products described on the site, and each has a national page as well as the provincial rules.

• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.
• Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.

At 699 residents in the 2021 Census, Cupids is listed alongside the other covered places in Newfoundland and Labrador.

The density figure for Cupids, 64.4 people per square kilometre, is calculated from the population and land area above.

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

Cupids appears in the census record with 699 residents, and the density of 64.4 people per square kilometre follows from it.

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

Cupids sits at rank 108 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

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

Cupids ranks 108 by 2021 Census population among the covered places in Newfoundland and Labrador.

The land area recorded for Cupids is 10.9 square kilometres, and the population is 699 residents in the 2021 Census.

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

Cupids is one of 322 covered Newfoundland and Labrador places, counted at 699 residents with a land area of 10.9 square kilometres.

The Cupids 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.

Population and land area figures come from Statistics Canada's 2021 Census of Population; regulatory statements are attributed to the federal Payday Lending Regulations (SOR/2024-114).

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