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

A loan taken out in Division No. 7, Subd. E is governed by Newfoundland and Labrador's licensing rules, and the 2021 Census counted 2,573 people in the community.

The Newfoundland and Labrador rules that apply

Consumer lending in Newfoundland and Labrador is licensed provincially or territorially, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position appears.

The federal payday lending regulations, SOR/2024-114, cap the cost of borrowing at $14 per $100 advanced in Newfoundland and Labrador, which the federal Payday Lending Regulations (SOR/2024-114) list as a province that regulates the product.

At the small end of the census range, the community still borrows inside the province's licensing system.

How borrowing works locally

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation.

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments. Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

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

Population for Division No. 7, Subd. E stands at 2,573 in the 2021 Census. Its land area is 1631.5 square kilometres.

That gives a density of 1.6 people per square kilometre, rounded to one decimal place.

The 2021 Census population places it at rank 30 in the province.

The place record for Division No. 7, Subd. E covers 1631.5 square kilometres and 2,573 residents, a density of 1.6 people per square kilometre.

Products compared here

Each product below has its own page, and the Newfoundland and Labrador position applies to all of them.

• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.
• Emergency loans: Money for an urgent expense, and the order in which a sensible borrower works through the options.

At 2,573 residents in the 2021 Census, Division No. 7, Subd. E is listed alongside the other covered places in Newfoundland and Labrador.

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

The density figure for Division No. 7, Subd. E, 1.6 people per square kilometre, is calculated from the population and land area above.

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

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

Division No. 7, Subd. E is one of 322 covered Newfoundland and Labrador places, counted at 2,573 residents with a land area of 1631.5 square kilometres.

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

Division No. 7, Subd. E appears in the census record with 2,573 residents, and the density of 1.6 people per square kilometre follows from it.

The land area recorded for Division No. 7, Subd. E is 1631.5 square kilometres, and the population is 2,573 residents in the 2021 Census.

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

Census figures are from Statistics Canada's 2021 Census of Population, and the payday position is taken from the federal Payday Lending Regulations (SOR/2024-114).

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