Borrowing in Pacquet, Newfoundland and Labrador

With 145 residents counted in the 2021 Census, Pacquet sits inside Newfoundland and Labrador's provincial lending framework.

How borrowing works locally

A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes. A longer amortisation lowers each payment and raises the total interest paid over the life of the loan.

Products compared here

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

• 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 Pacquet

Pacquet recorded a population of 145 in Statistics Canada's 2021 Census of Population. Its land area is 14.4 square kilometres.

Population divided by land area produces a density of 10.0 people per square kilometre.

By population it ranks 297 among the Newfoundland and Labrador places covered here.

Pacquet sits at rank 297 among the 322 Newfoundland and Labrador places here, with 145 residents in the 2021 Census.

The Newfoundland and Labrador rules that apply

The regulator for consumer credit in Newfoundland and Labrador is the body listed by the federal Payday Lending Regulations (SOR/2024-114) provincial and territorial regulators.

The federal Payday Lending Regulations (SOR/2024-114) list Newfoundland and Labrador among the provinces that regulate payday lending, where the federal Payday Lending Regulations (SOR/2024-114) cap the cost of borrowing at $14 per $100 advanced.

This is a small community by population, inside the lowest band used on this site, and the provincial framework applies without variation.

Pacquet sits at rank 297 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Pacquet ranks 297 by 2021 Census population among the covered places in Newfoundland and Labrador.

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

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

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

At 145 residents in the 2021 Census, Pacquet is listed alongside the other covered places in Newfoundland and Labrador.

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

The density figure for Pacquet, 10.0 people per square kilometre, is calculated from the population and land area above.

Pacquet appears in the census record with 145 residents, and the density of 10.0 people per square kilometre follows from it.

Pacquet is one of 322 covered Newfoundland and Labrador places, counted at 145 residents with a land area of 14.4 square kilometres.

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

The land area recorded for Pacquet is 14.4 square kilometres, and the population is 145 residents in the 2021 Census.

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

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