Borrowing in Upper Island Cove, Newfoundland and Labrador

Upper Island Cove is one of the Newfoundland and Labrador communities covered here, with a 2021 Census population of 1,401, and borrowing there is licensed under Newfoundland and Labrador's consumer credit rules.

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.

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).

Places in the smallest population band are grouped here as small communities, and the pages carry the same census fields and the same provincial rules as the largest city.

How borrowing works locally

Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term. A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit.

The census figures for Upper Island Cove

Upper Island Cove recorded a population of 1,401 in Statistics Canada's 2021 Census of Population. The census records a land area of 7.8 square kilometres for Upper Island Cove.

On those two figures, density is 179.2 residents per square kilometre when rounded to one decimal place.

By population it ranks 60 among the Newfoundland and Labrador places covered here.

Upper Island Cove is one of 322 places listed for Newfoundland and Labrador, ranked 60 by population and measured at 7.8 square kilometres.

Products compared here

Each product below has its own page, and the Newfoundland and Labrador position applies to all of them.

• Unsecured loans: Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone.
• Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.

The land area recorded for Upper Island Cove is 7.8 square kilometres, and the population is 1,401 residents in the 2021 Census.

Upper Island Cove ranks 60 by 2021 Census population among the covered places in Newfoundland and Labrador.

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

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

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

The density figure for Upper Island Cove, 179.2 people per square kilometre, is calculated from the population and land area above.

At 1,401 residents in the 2021 Census, Upper Island Cove is listed alongside the other covered places in Newfoundland and Labrador.

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

Upper Island Cove is one of 322 covered Newfoundland and Labrador places, counted at 1,401 residents with a land area of 7.8 square kilometres.

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

The 2021 Census of Population published by Statistics Canada is the source for population and land area; the federal Payday Lending Regulations (SOR/2024-114) are the source for payday rules.

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.