Borrowing in L'Anse au Loup, Newfoundland and Labrador

L'Anse au Loup is one of the Newfoundland and Labrador communities covered here, with a 2021 Census population of 692, and borrowing there is licensed under Newfoundland and Labrador's consumer credit rules.

The census figures for L'Anse au Loup

L'Anse au Loup recorded a population of 692 in Statistics Canada's 2021 Census of Population. Statistics Canada lists 3.4 square kilometres of land for the community.

Population divided by land area produces a density of 204.1 people per square kilometre.

Its provincial population rank is 109 within this data set.

L'Anse au Loup sits at rank 109 among the 322 Newfoundland and Labrador places here, with 692 residents in the 2021 Census.

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) 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.

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

How borrowing works locally

A mortgage is registered against the property, which is what gives the lender its claim.

A credit file is compiled by private agencies from information lenders and other creditors report. A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

Products compared here

Among the 20 products compared here, these two are commonly used for the purposes described.

• Mortgage refinancing: Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs.
• Cash advance loans: Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance.

L'Anse au Loup appears in the census record with 692 residents, and the density of 204.1 people per square kilometre follows from it.

For L'Anse au Loup, the two census fields above are the only local statistics used anywhere on the page.

L'Anse au Loup sits at rank 109 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for L'Anse au Loup is 3.4 square kilometres, and the population is 692 residents in the 2021 Census.

Where a figure for L'Anse au Loup could not be verified, the page names the publisher instead of printing a number.

At 692 residents in the 2021 Census, L'Anse au Loup is listed alongside the other covered places in Newfoundland and Labrador.

L'Anse au Loup ranks 109 by 2021 Census population among the covered places in Newfoundland and Labrador.

The L'Anse au Loup page follows the same structure as every other place page, with population, land area, density and rank.

The density figure for L'Anse au Loup, 204.1 people per square kilometre, is calculated from the population and land area above.

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

L'Anse au Loup is one of 322 covered Newfoundland and Labrador places, counted at 692 residents with a land area of 3.4 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.

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).

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