Borrowing in Gambo, Newfoundland and Labrador

A loan taken out in Gambo is governed by Newfoundland and Labrador's licensing rules, and the 2021 Census counted 1,816 people in the community.

How borrowing works locally

A longer amortisation lowers each payment and raises the total interest paid over the life of the loan.

Debt management plans are administered by accredited credit counsellors, and they are not loans. A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

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.

• Payday loans: Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit.
• No credit check loans: What lenders who advertise without a credit check actually look at instead, and where the cost goes.

The census figures for Gambo

1,816 people were counted in Gambo in the 2021 Census. Land area for Gambo is 93.0 square kilometres in the same census.

Dividing population by land area gives 19.5 residents per square kilometre, rounded to one decimal place.

Its provincial population rank is 45 within this data set.

Within Newfoundland and Labrador, Gambo is place number 45 by population in this census set, at 1,816 residents.

The Newfoundland and Labrador rules that apply

Consumer credit in Newfoundland and Labrador is licensed by the provincial or territorial regulator, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

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.

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

At 1,816 residents in the 2021 Census, Gambo is listed alongside the other covered places in Newfoundland and Labrador.

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

Gambo ranks 45 by 2021 Census population among the covered places in Newfoundland and Labrador.

The density figure for Gambo, 19.5 people per square kilometre, is calculated from the population and land area above.

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

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

Gambo appears in the census record with 1,816 residents, and the density of 19.5 people per square kilometre follows from it.

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

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

The land area recorded for Gambo is 93.0 square kilometres, and the population is 1,816 residents in the 2021 Census.

Gambo sits at rank 45 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Gambo is one of 322 covered Newfoundland and Labrador places, counted at 1,816 residents with a land area of 93.0 square kilometres.

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).

Nothing here is an offer, and no page on this site can tell anyone what a lender will decide.