Borrowing in Ingersoll, Ontario

Ingersoll, Ontario, recorded a population of 13,693 in the 2021 Census; the rules that govern a loan signed there are provincial.

How borrowing works locally

A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes. Joint applications combine two incomes and two sets of obligations in the same assessment.

Products compared here

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

• Bad credit loans: Borrowing when the credit file is damaged, and what changes about price and security as a result.
• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.

The census figures for Ingersoll

In the 2021 Census, Ingersoll had 13,693 residents. The community covers 12.7 square kilometres of land.

That gives a density of 1075.6 people per square kilometre, rounded to one decimal place.

The community is the 117th largest place in the province within this census set.

Compared with the other 527 covered Ontario places, Ingersoll ranks 117 by population.

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.

A payday advance in Ontario 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).

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

At 13,693 residents in the 2021 Census, Ingersoll is listed alongside the other covered places in Ontario.

The land area recorded for Ingersoll is 12.7 square kilometres, and the population is 13,693 residents in the 2021 Census.

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

Ingersoll appears in the census record with 13,693 residents, and the density of 1075.6 people per square kilometre follows from it.

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

Ingersoll ranks 117 by 2021 Census population among the covered places in Ontario.

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

Ingersoll is one of 527 covered Ontario places, counted at 13,693 residents with a land area of 12.7 square kilometres.

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

Ingersoll sits at rank 117 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

Where a figure for Ingersoll 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.