Borrowing in Frenchman's Cove, Newfoundland and Labrador

Frenchman's Cove is one of the Newfoundland and Labrador places covered here, with 159 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

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.

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.

Small places are covered the same way as large ones: census figures for the place, and the provincial position on lending.

The census figures for Frenchman's Cove

Statistics Canada's 2021 Census gives Frenchman's Cove a population of 159. Statistics Canada lists 69.1 square kilometres of land for the community.

That gives a density of 2.3 people per square kilometre, rounded to one decimal place.

Frenchman's Cove ranks 290 by population among the Newfoundland and Labrador places on this site.

Frenchman's Cove therefore appears at rank 290 of 322 covered Newfoundland and Labrador places, with a density of 2.3 people per square kilometre.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• 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.

How borrowing works locally

A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit.

A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent. Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

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

The Frenchman's Cove page follows the same structure as every other place page, with population, land area, density and rank.

At 159 residents in the 2021 Census, Frenchman's Cove is listed alongside the other covered places in Newfoundland and Labrador.

Frenchman's Cove sits at rank 290 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Frenchman's Cove ranks 290 by 2021 Census population among the covered places in Newfoundland and Labrador.

For Frenchman's Cove, the two census fields above are the only local statistics used anywhere on the page.

The land area recorded for Frenchman's Cove is 69.1 square kilometres, and the population is 159 residents in the 2021 Census.

Readers comparing Frenchman's Cove with another community can use the same four census fields.

Frenchman's Cove is one of 322 covered Newfoundland and Labrador places, counted at 159 residents with a land area of 69.1 square kilometres.

Frenchman's Cove appears in the census record with 159 residents, and the density of 2.3 people per square kilometre follows from it.

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).

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