Borrowing in Moonbeam, Ontario

Moonbeam is one of the Ontario communities covered here, with a 2021 Census population of 1,157, and borrowing there is licensed under Ontario's consumer credit rules.

The Ontario rules that apply

The regulator for consumer credit in Ontario is the body listed by the federal Payday Lending Regulations (SOR/2024-114) provincial and territorial regulators.

The federal Payday Lending Regulations (SOR/2024-114) list Ontario among the provinces that regulate payday lending, where the federal Payday Lending Regulations (SOR/2024-114) cap the cost of borrowing at $14 per $100 advanced.

This is a small community by population, inside the lowest band used on this site, and the provincial framework applies without variation.

How borrowing works locally

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

A lender may ask for proof of address, and a permanent address is a standard requirement for consumer credit. An application usually asks for identification, income evidence, banking details and a statement of obligations.

The census figures for Moonbeam

Population for Moonbeam stands at 1,157 in the 2021 Census. Statistics Canada lists 234.5 square kilometres of land for the community.

Dividing population by land area gives 4.9 residents per square kilometre, rounded to one decimal place.

The 2021 Census population places it at rank 343 in the province.

Moonbeam is one of 527 places listed for Ontario, ranked 343 by population and measured at 234.5 square kilometres.

Products compared here

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

• Car loans: Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit.
• Debt consolidation loans: Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps.

At 1,157 residents in the 2021 Census, Moonbeam is listed alongside the other covered places in Ontario.

Moonbeam is one of 527 covered Ontario places, counted at 1,157 residents with a land area of 234.5 square kilometres.

Moonbeam appears in the census record with 1,157 residents, and the density of 4.9 people per square kilometre follows from it.

Moonbeam ranks 343 by 2021 Census population among the covered places in Ontario.

Moonbeam sits at rank 343 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Moonbeam, 4.9 people per square kilometre, is calculated from the population and land area above.

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

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

The land area recorded for Moonbeam is 234.5 square kilometres, and the population is 1,157 residents in the 2021 Census.

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

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

The Moonbeam 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).

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