Borrowing in Chippewas of Rama First Nation, Ontario

A loan taken out in Chippewas of Rama First Nation is governed by Ontario's licensing rules, and the 2021 Census counted 998 people in the community.

The Ontario rules that apply

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

The federal payday lending regulations, SOR/2024-114, cap the cost of borrowing at $14 per $100 advanced in Ontario, which the federal Payday Lending Regulations (SOR/2024-114) list as a province that regulates the product.

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 Chippewas of Rama First Nation

In the 2021 Census, Chippewas of Rama First Nation had 998 residents. Statistics Canada lists 11.2 square kilometres of land for the community.

The arithmetic gives 89.5 people per square kilometre.

The 2021 Census population places it at rank 357 in the province.

Compared with the other 527 covered Ontario places, Chippewas of Rama First Nation ranks 357 by population.

Products compared here

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

• Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.
• Car loans: Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit.

How borrowing works locally

A lender is free to set its own price below the legal ceiling, and it does so according to the risk it reads in the file.

A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit. Debt management plans are administered by accredited credit counsellors, and they are not loans.

For Chippewas of Rama First Nation, the two census fields above are the only local statistics used anywhere on the page.

Chippewas of Rama First Nation sits at rank 357 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

Chippewas of Rama First Nation ranks 357 by 2021 Census population among the covered places in Ontario.

Chippewas of Rama First Nation appears in the census record with 998 residents, and the density of 89.5 people per square kilometre follows from it.

The land area recorded for Chippewas of Rama First Nation is 11.2 square kilometres, and the population is 998 residents in the 2021 Census.

The density figure for Chippewas of Rama First Nation, 89.5 people per square kilometre, is calculated from the population and land area above.

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

Readers comparing Chippewas of Rama First Nation with another community can use the same four census fields.

The Chippewas of Rama First Nation page follows the same structure as every other place page, with population, land area, density and rank.

Chippewas of Rama First Nation is one of 527 covered Ontario places, counted at 998 residents with a land area of 11.2 square kilometres.

Where a figure for Chippewas of Rama First Nation could not be verified, the page names the publisher instead of printing a number.

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).

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