Borrowing in Havelock-Belmont-Methuen, Ontario

A loan taken out in Havelock-Belmont-Methuen is governed by Ontario's licensing rules, and the 2021 Census counted 5,083 people in the community.

The Ontario rules that apply

Licensing for consumer credit in Ontario sits with the province or territory, and the Financial Consumer Agency of Canada maintains the public list of provincial and territorial regulators.

Payday lending is licensed in Ontario; the federal Payday Lending Regulations (SOR/2024-114) publish a cap of $14 per $100 advanced, and notes that a province may set a lower figure.

The lower-middle band covers towns of moderate size, none of which sets its own lending rules.

How borrowing works locally

A longer amortisation lowers each payment and raises the total interest paid over the life of the loan.

A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit. A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

The census figures for Havelock-Belmont-Methuen

Statistics Canada's 2021 Census gives Havelock-Belmont-Methuen a population of 5,083. 529.4 square kilometres of land are attributed to Havelock-Belmont-Methuen.

Population divided by land area produces a density of 9.6 people per square kilometre.

The 2021 Census population places it at rank 228 in the province.

Compared with the other 527 covered Ontario places, Havelock-Belmont-Methuen ranks 228 by population.

Products compared here

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

• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.
• Emergency loans: Money for an urgent expense, and the order in which a sensible borrower works through the options.

Where a figure for Havelock-Belmont-Methuen could not be verified, the page names the publisher instead of printing a number.

Readers comparing Havelock-Belmont-Methuen with another community can use the same four census fields.

For Havelock-Belmont-Methuen, the two census fields above are the only local statistics used anywhere on the page.

Havelock-Belmont-Methuen is one of 527 covered Ontario places, counted at 5,083 residents with a land area of 529.4 square kilometres.

The density figure for Havelock-Belmont-Methuen, 9.6 people per square kilometre, is calculated from the population and land area above.

At 5,083 residents in the 2021 Census, Havelock-Belmont-Methuen is listed alongside the other covered places in Ontario.

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

Havelock-Belmont-Methuen ranks 228 by 2021 Census population among the covered places in Ontario.

Havelock-Belmont-Methuen appears in the census record with 5,083 residents, and the density of 9.6 people per square kilometre follows from it.

The Havelock-Belmont-Methuen page follows the same structure as every other place page, with population, land area, density and rank.

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

Population and land area figures come from Statistics Canada's 2021 Census of Population; regulatory statements are attributed to the federal Payday Lending Regulations (SOR/2024-114).

The provincial rules apply wherever a borrower is in Ontario; a municipal boundary does not change them.