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Borrowing in New Credit (Part) 40A, Ontario

Borrowing in New Credit (Part) 40A is licensed by Ontario, and the 2021 Census counted 166 people across 5.1 square kilometres.

Province Ontario (ON)
Population, 2021 Census 166
Land area 5.1 km²
Provincial regulator See the FCAC list

A loan taken out in New Credit (Part) 40A is governed by Ontario's licensing rules, and the 2021 Census counted 166 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.

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.

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 New Credit (Part) 40A

Statistics Canada's 2021 Census gives New Credit (Part) 40A a population of 166. Its land area is 5.1 square kilometres.

The arithmetic gives 32.7 people per square kilometre.

The 2021 Census population places it at rank 501 in the province.

Within Ontario, New Credit (Part) 40A is place number 501 by population in this census set, at 166 residents.

Products compared here

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

  • Emergency loans: Money for an urgent expense, and the order in which a sensible borrower works through the options.
  • Unsecured loans: Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone.

How borrowing works locally

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

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. Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation.

Where a figure for New Credit (Part) 40A could not be verified, the page names the publisher instead of printing a number.

The New Credit (Part) 40A page follows the same structure as every other place page, with population, land area, density and rank.

New Credit (Part) 40A sits at rank 501 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

Readers comparing New Credit (Part) 40A with another community can use the same four census fields.

At 166 residents in the 2021 Census, New Credit (Part) 40A is listed alongside the other covered places in Ontario.

New Credit (Part) 40A appears in the census record with 166 residents, and the density of 32.7 people per square kilometre follows from it.

For New Credit (Part) 40A, the two census fields above are the only local statistics used anywhere on the page.

New Credit (Part) 40A is one of 527 covered Ontario places, counted at 166 residents with a land area of 5.1 square kilometres.

The land area recorded for New Credit (Part) 40A is 5.1 square kilometres, and the population is 166 residents in the 2021 Census.

The density figure for New Credit (Part) 40A, 32.7 people per square kilometre, is calculated from the population and land area above.

New Credit (Part) 40A ranks 501 by 2021 Census population among the covered places in Ontario.

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.

Population and land area: Statistics Canada, Census of Population 2021, table 98-10-0002.

Borrowing in New Credit (Part) 40A

Personal loans A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept. Bad credit loans Borrowing when the credit file is damaged, and what changes about price and security as a result. No credit check loans What lenders who advertise without a credit check actually look at instead, and where the cost goes. Lines of credit A revolving limit you draw on and repay, usually paying interest only on what is outstanding. Unsecured loans Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone. Secured loans Borrowing against an asset, which lowers the price but puts the asset at risk if you default. Car loans Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit. Mortgage loans Borrowing against residential property, including how a federally regulated lender tests the file. Home equity loans Converting property equity into credit, and the difference between a lump sum and a revolving limit. Mortgage refinancing Replacing an existing mortgage to change the rate, the term or the amount borrowed, and what it costs. Home renovation loans Paying for work on a property, from a small unsecured instalment loan to a secured renovation product. Business loans Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit. Business lines of credit A revolving operating limit for a business, and why it behaves differently from a term loan. Debt consolidation loans Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps. Debt relief programs The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them. Payday loans Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit. Cash advance loans Immediate short-term cash, including the difference between a cash advance on credit and a payday-style advance. Emergency loans Money for an urgent expense, and the order in which a sensible borrower works through the options. Instalment loans A fixed number of fixed payments, sized larger and longer than a payday advance. Collateral loans Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.

Nearby places

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