Borrowing in Division No. 7, Subd. A, Newfoundland and Labrador

A loan taken out in Division No. 7, Subd. A is governed by Newfoundland and Labrador's licensing rules, and the 2021 Census counted 140 people in the community.

The census figures for Division No. 7, Subd. A

In the 2021 Census, Division No. 7, Subd. A had 140 residents. Its land area is 287.6 square kilometres.

The arithmetic gives 0.5 people per square kilometre.

Its provincial population rank is 301 within this data set.

Division No. 7, Subd. A therefore appears at rank 301 of 322 covered Newfoundland and Labrador places, with a density of 0.5 people per square kilometre.

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.

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.

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

Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term.

A deposit or trade-in reduces the amount financed and therefore the interest charged over the term. Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

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.

Division No. 7, Subd. A appears in the census record with 140 residents, and the density of 0.5 people per square kilometre follows from it.

At 140 residents in the 2021 Census, Division No. 7, Subd. A is listed alongside the other covered places in Newfoundland and Labrador.

Division No. 7, Subd. A sits at rank 301 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Division No. 7, Subd. A is one of 322 covered Newfoundland and Labrador places, counted at 140 residents with a land area of 287.6 square kilometres.

For Division No. 7, Subd. A, the two census fields above are the only local statistics used anywhere on the page.

Division No. 7, Subd. A ranks 301 by 2021 Census population among the covered places in Newfoundland and Labrador.

Nothing on the Division No. 7, Subd. A page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

The Division No. 7, Subd. A page follows the same structure as every other place page, with population, land area, density and rank.

The land area recorded for Division No. 7, Subd. A is 287.6 square kilometres, and the population is 140 residents in the 2021 Census.

Readers comparing Division No. 7, Subd. A with another community can use the same four census fields.

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.

Lending rules change, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position is confirmed.