Borrowing in Sandy Cove, Newfoundland and Labrador

Sandy Cove, Newfoundland and Labrador, recorded a population of 120 in the 2021 Census; the rules that govern a loan signed there are provincial.

The Newfoundland and Labrador rules that apply

The body that licenses consumer lending in Newfoundland and Labrador is the regulator named on the federal Payday Lending Regulations (SOR/2024-114)'s list of provincial and territorial regulators.

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.

At the small end of the census range, the community still borrows inside the province's licensing system.

How borrowing works locally

Debt management plans are administered by accredited credit counsellors, and they are not loans.

An application usually asks for identification, income evidence, banking details and a statement of obligations. Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

The census figures for Sandy Cove

The 2021 Census counted 120 residents in Sandy Cove. Land area for Sandy Cove is 9.0 square kilometres in the same census.

The calculated density is 13.3 people per square kilometre.

The community is the 306th largest place in the province within this census set.

Compared with the other 322 covered Newfoundland and Labrador places, Sandy Cove ranks 306 by population.

Products compared here

The product pages behind this city cover the following borrowing categories, among the 20 products compared nationally.

• Cash advance loans: Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance.
• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.

The land area recorded for Sandy Cove is 9.0 square kilometres, and the population is 120 residents in the 2021 Census.

Sandy Cove appears in the census record with 120 residents, and the density of 13.3 people per square kilometre follows from it.

The density figure for Sandy Cove, 13.3 people per square kilometre, is calculated from the population and land area above.

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

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

Sandy Cove sits at rank 306 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Sandy Cove is one of 322 covered Newfoundland and Labrador places, counted at 120 residents with a land area of 9.0 square kilometres.

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

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

Sandy Cove ranks 306 by 2021 Census population among the covered places in Newfoundland and Labrador.

At 120 residents in the 2021 Census, Sandy Cove is listed alongside the other covered places in Newfoundland and Labrador.

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

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.

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.