Compare loans

Borrowing in Logy Bay-Middle Cove-Outer Cove, Newfoundland and Labrador

A guide to borrowing in Logy Bay-Middle Cove-Outer Cove, Newfoundland and Labrador, with the 2021 Census population of 2,364 and the provincial rules that apply locally.

Province Newfoundland and Labrador (NL)
Population, 2021 Census 2,364
Land area 17.0 km²
Provincial regulator See the FCAC list

A loan taken out in Logy Bay-Middle Cove-Outer Cove is governed by Newfoundland and Labrador's licensing rules, and the 2021 Census counted 2,364 people in the community.

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.

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

The census figures for Logy Bay-Middle Cove-Outer Cove

Statistics Canada's 2021 Census gives Logy Bay-Middle Cove-Outer Cove a population of 2,364. Its land area is 17.0 square kilometres.

On those two figures, density is 139.1 residents per square kilometre when rounded to one decimal place.

The community is the 32nd largest place in the province within this census set.

The place record for Logy Bay-Middle Cove-Outer Cove covers 17.0 square kilometres and 2,364 residents, a density of 139.1 people per square kilometre.

Products compared here

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

  • Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.
  • Car loans: Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit.

How borrowing works locally

A lender is free to set its own price below the legal ceiling, and it does so according to the risk it reads in the file.

Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation. Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

For Logy Bay-Middle Cove-Outer Cove, the two census fields above are the only local statistics used anywhere on the page.

Readers comparing Logy Bay-Middle Cove-Outer Cove with another community can use the same four census fields.

The Logy Bay-Middle Cove-Outer Cove page follows the same structure as every other place page, with population, land area, density and rank.

Nothing on the Logy Bay-Middle Cove-Outer Cove page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

At 2,364 residents in the 2021 Census, Logy Bay-Middle Cove-Outer Cove is listed alongside the other covered places in Newfoundland and Labrador.

The land area recorded for Logy Bay-Middle Cove-Outer Cove is 17.0 square kilometres, and the population is 2,364 residents in the 2021 Census.

Logy Bay-Middle Cove-Outer Cove appears in the census record with 2,364 residents, and the density of 139.1 people per square kilometre follows from it.

The density figure for Logy Bay-Middle Cove-Outer Cove, 139.1 people per square kilometre, is calculated from the population and land area above.

Logy Bay-Middle Cove-Outer Cove sits at rank 32 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Where a figure for Logy Bay-Middle Cove-Outer Cove could not be verified, the page names the publisher instead of printing a number.

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).

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

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

Borrowing in Logy Bay-Middle Cove-Outer Cove

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.

Nearby places

St. John's 110,525 Conception Bay South 27,168 Paradise 22,957 Mount Pearl 22,477 Corner Brook 19,333 Grand Falls-Windsor 13,853

Frequently asked questions

Related

Compare loan offers

Compare options from Canadian lending partners. We are not a lender and we do not make credit decisions.

See partner options

Advertising disclosure: loanmoose.ca may receive a referral fee if you continue through a partner link. That fee does not change the rate you are offered and it does not change what we publish. We are not a lender. Read the full disclosure.