Borrowing in Bancroft, Ontario

This page covers borrowing in Bancroft, Ontario: the census facts, the provincial rules, and the products people compare.

The Ontario rules that apply

Consumer credit in Ontario 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) count Ontario among the provinces with payday lending rules, where the published maximum cost of borrowing is $14 per $100 advanced under SOR/2024-114.

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

The census figures for Bancroft

The 2021 Census counted 4,065 residents in Bancroft. Statistics Canada lists 227.5 square kilometres of land for the community.

On those two figures, density is 17.9 residents per square kilometre when rounded to one decimal place.

Bancroft ranks 249 by population among the Ontario places on this site.

The place record for Bancroft covers 227.5 square kilometres and 4,065 residents, a density of 17.9 people per square kilometre.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• No credit check loans: What lenders who advertise without a credit check actually look at instead, and where the cost goes.
• Mortgage refinancing: Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs.

How borrowing works locally

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

A longer amortisation lowers each payment and raises the total interest paid over the life of the loan. A mortgage is registered against the property, which is what gives the lender its claim.

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

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

The density figure for Bancroft, 17.9 people per square kilometre, is calculated from the population and land area above.

The land area recorded for Bancroft is 227.5 square kilometres, and the population is 4,065 residents in the 2021 Census.

Bancroft is one of 527 covered Ontario places, counted at 4,065 residents with a land area of 227.5 square kilometres.

Bancroft sits at rank 249 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

Bancroft ranks 249 by 2021 Census population among the covered places in Ontario.

Bancroft appears in the census record with 4,065 residents, and the density of 17.9 people per square kilometre follows from it.

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

At 4,065 residents in the 2021 Census, Bancroft is listed alongside the other covered places in Ontario.

For Bancroft, 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.

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.