Borrowing in New Perlican, Newfoundland and Labrador

New Perlican is one of the Newfoundland and Labrador places covered here, with 200 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

The Newfoundland and Labrador rules that apply

Provincial or territorial law decides who may lend in Newfoundland and Labrador, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

A payday advance in Newfoundland and Labrador falls under a provincial licensing regime, and the cost of borrowing is capped at $14 per $100 advanced according to the federal Payday Lending Regulations (SOR/2024-114).

Places in the smallest population band are grouped here as small communities, and the pages carry the same census fields and the same provincial rules as the largest city.

How borrowing works locally

A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

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

The census figures for New Perlican

200 people were counted in New Perlican in the 2021 Census. Its land area is 24.4 square kilometres.

That gives a density of 8.2 people per square kilometre, rounded to one decimal place.

The community is the 264th largest place in the province within this census set.

New Perlican therefore appears at rank 264 of 322 covered Newfoundland and Labrador places, with a density of 8.2 people per square kilometre.

Products compared here

Two of the 20 covered products appear below, each with the purpose the product is designed for.

• 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.

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

The land area recorded for New Perlican is 24.4 square kilometres, and the population is 200 residents in the 2021 Census.

New Perlican ranks 264 by 2021 Census population among the covered places in Newfoundland and Labrador.

The density figure for New Perlican, 8.2 people per square kilometre, is calculated from the population and land area above.

At 200 residents in the 2021 Census, New Perlican is listed alongside the other covered places in Newfoundland and Labrador.

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

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

New Perlican appears in the census record with 200 residents, and the density of 8.2 people per square kilometre follows from it.

New Perlican sits at rank 264 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

New Perlican is one of 322 covered Newfoundland and Labrador places, counted at 200 residents with a land area of 24.4 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.

The 2021 Census of Population published by Statistics Canada is the source for population and land area; the federal Payday Lending Regulations (SOR/2024-114) are the source for payday rules.

The same structure is used for every place covered, so two communities can be compared field by field: population, land area, density, rank, and the provincial rules.