Borrowing in Ferryland, Newfoundland and Labrador

A loan taken out in Ferryland is governed by Newfoundland and Labrador's licensing rules, and the 2021 Census counted 371 people in the community.

The census figures for Ferryland

Population for Ferryland stands at 371 in the 2021 Census. Statistics Canada lists 13.2 square kilometres of land for the community.

Dividing population by land area gives 28.1 residents per square kilometre, rounded to one decimal place.

By population it ranks 193 among the Newfoundland and Labrador places covered here.

Ferryland therefore appears at rank 193 of 322 covered Newfoundland and Labrador places, with a density of 28.1 people per square kilometre.

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) list Newfoundland and Labrador among the provinces that regulate payday lending, where the federal Payday Lending Regulations (SOR/2024-114) cap the cost of borrowing at $14 per $100 advanced.

The lowest band groups villages, rural municipalities and small towns, all read against the same provincial rulebook.

How borrowing works locally

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

A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached. A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes.

Products compared here

The product pages behind this city cover the following borrowing categories, among the 20 products compared nationally.

• Cash advance loans: Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance.
• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.

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

Ferryland ranks 193 by 2021 Census population among the covered places in Newfoundland and Labrador.

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

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

Ferryland sits at rank 193 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

At 371 residents in the 2021 Census, Ferryland is listed alongside the other covered places in Newfoundland and Labrador.

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

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

Ferryland appears in the census record with 371 residents, and the density of 28.1 people per square kilometre follows from it.

Ferryland is one of 322 covered Newfoundland and Labrador places, counted at 371 residents with a land area of 13.2 square kilometres.

The land area recorded for Ferryland is 13.2 square kilometres, and the population is 371 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.

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).

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