Borrowing in Robert's Arm, Newfoundland and Labrador

Robert's Arm is one of the Newfoundland and Labrador communities covered here, with a 2021 Census population of 722, and borrowing there is licensed under Newfoundland and Labrador's consumer credit rules.

The Newfoundland and Labrador rules that apply

Consumer lending in Newfoundland and Labrador is licensed provincially or territorially, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position appears.

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.

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

The census figures for Robert's Arm

Statistics Canada's 2021 Census gives Robert's Arm a population of 722. 36.1 square kilometres of land are attributed to Robert's Arm.

Population divided by land area produces a density of 20.0 people per square kilometre.

The community is the 104th largest place in the province within this census set.

The place record for Robert's Arm covers 36.1 square kilometres and 722 residents, a density of 20.0 people per square kilometre.

Products compared here

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

• Debt consolidation loans: Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps.
• Personal loans: A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept.

How borrowing works locally

A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

Debt management plans are administered by accredited credit counsellors, and they are not loans. Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

Robert's Arm sits at rank 104 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Robert's Arm ranks 104 by 2021 Census population among the covered places in Newfoundland and Labrador.

Readers comparing Robert's Arm with another community can use the same four census fields.

The density figure for Robert's Arm, 20.0 people per square kilometre, is calculated from the population and land area above.

The Robert's Arm page follows the same structure as every other place page, with population, land area, density and rank.

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

Where a figure for Robert's Arm could not be verified, the page names the publisher instead of printing a number.

The land area recorded for Robert's Arm is 36.1 square kilometres, and the population is 722 residents in the 2021 Census.

At 722 residents in the 2021 Census, Robert's Arm is listed alongside the other covered places in Newfoundland and Labrador.

Robert's Arm is one of 322 covered Newfoundland and Labrador places, counted at 722 residents with a land area of 36.1 square kilometres.

Robert's Arm appears in the census record with 722 residents, and the density of 20.0 people per square kilometre follows from it.

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).

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.