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

Division No. 7, Subd. F, Newfoundland and Labrador: 831 residents in the 2021 Census, 296.9 square kilometres of land, and the provincial lending rules that apply across Newfoundland and Labrador.

Province Newfoundland and Labrador (NL)
Population, 2021 Census 831
Land area 296.9 km²
Provincial regulator See the FCAC list

This page covers borrowing in Division No. 7, Subd. F, Newfoundland and Labrador: the census facts, the provincial rules, and the products people compare.

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.

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.

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

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

Division No. 7, Subd. F recorded a population of 831 in Statistics Canada's 2021 Census of Population. Statistics Canada lists 296.9 square kilometres of land for the community.

The calculated density is 2.8 people per square kilometre.

The community is the 92nd largest place in the province within this census set.

Within Newfoundland and Labrador, Division No. 7, Subd. F is place number 92 by population in this census set, at 831 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.

  • Bad credit loans: Borrowing when the credit file is damaged, and what changes about price and security as a result.
  • Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.

How borrowing works locally

Joint applications combine two incomes and two sets of obligations in the same assessment.

A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached. A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

Division No. 7, Subd. F ranks 92 by 2021 Census population among the covered places in Newfoundland and Labrador.

At 831 residents in the 2021 Census, Division No. 7, Subd. F is listed alongside the other covered places in Newfoundland and Labrador.

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

Division No. 7, Subd. F is one of 322 covered Newfoundland and Labrador places, counted at 831 residents with a land area of 296.9 square kilometres.

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

Division No. 7, Subd. F appears in the census record with 831 residents, and the density of 2.8 people per square kilometre follows from it.

The land area recorded for Division No. 7, Subd. F is 296.9 square kilometres, and the population is 831 residents in the 2021 Census.

Division No. 7, Subd. F sits at rank 92 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

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

The density figure for Division No. 7, Subd. F, 2.8 people per square kilometre, is calculated from the population and land area above.

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).

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.

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

Borrowing in Division No. 7, Subd. F

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.

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