Borrowing in Point of Bay, Newfoundland and Labrador

With 137 residents counted in the 2021 Census, Point of Bay sits inside Newfoundland and Labrador's provincial lending framework.

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.

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).

Small places are covered the same way as large ones: census figures for the place, and the provincial position on lending.

The census figures for Point of Bay

Point of Bay recorded a population of 137 in Statistics Canada's 2021 Census of Population. 21.6 square kilometres of land are attributed to Point of Bay.

The calculated density is 6.3 people per square kilometre.

Point of Bay ranks 302 by population among the Newfoundland and Labrador places on this site.

Compared with the other 322 covered Newfoundland and Labrador places, Point of Bay ranks 302 by population.

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How borrowing works locally

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

Joint applications combine two incomes and two sets of obligations in the same assessment. Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

Point of Bay is one of 322 covered Newfoundland and Labrador places, counted at 137 residents with a land area of 21.6 square kilometres.

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

Point of Bay appears in the census record with 137 residents, and the density of 6.3 people per square kilometre follows from it.

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

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

The density figure for Point of Bay, 6.3 people per square kilometre, is calculated from the population and land area above.

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

Point of Bay ranks 302 by 2021 Census population among the covered places in Newfoundland and Labrador.

At 137 residents in the 2021 Census, Point of Bay is listed alongside the other covered places in Newfoundland and Labrador.

The land area recorded for Point of Bay is 21.6 square kilometres, and the population is 137 residents in the 2021 Census.

Point of Bay sits at rank 302 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

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

Census figures are from Statistics Canada's 2021 Census of Population, and the payday position is taken from 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.