Borrowing in Point May, Newfoundland and Labrador

Point May is one of the Newfoundland and Labrador places covered here, with 254 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

The census figures for Point May

Population for Point May stands at 254 in the 2021 Census. The census records a land area of 63.2 square kilometres for Point May.

The arithmetic gives 4.0 people per square kilometre.

Point May ranks 239 by population among the Newfoundland and Labrador places on this site.

Point May sits at rank 239 among the 322 Newfoundland and Labrador places here, with 254 residents in the 2021 Census.

Products compared here

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

• Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.
• Bad credit loans: Borrowing when the credit file is damaged, and what changes about price and security as a result.

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.

How borrowing works locally

Joint applications combine two incomes and two sets of obligations in the same assessment.

A longer amortisation lowers each payment and raises the total interest paid over the life of the loan. Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term.

Point May sits at rank 239 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Point May ranks 239 by 2021 Census population among the covered places in Newfoundland and Labrador.

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

Point May appears in the census record with 254 residents, and the density of 4.0 people per square kilometre follows from it.

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

The land area recorded for Point May is 63.2 square kilometres, and the population is 254 residents in the 2021 Census.

At 254 residents in the 2021 Census, Point May is listed alongside the other covered places in Newfoundland and Labrador.

The density figure for Point May, 4.0 people per square kilometre, is calculated from the population and land area above.

Point May is one of 322 covered Newfoundland and Labrador places, counted at 254 residents with a land area of 63.2 square kilometres.

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

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

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.

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