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Borrowing in Prince, Ontario

A guide to borrowing in Prince, Ontario, with the 2021 Census population of 975 and the provincial rules that apply locally.

Province Ontario (ON)
Population, 2021 Census 975
Land area 85.0 km²
Provincial regulator See the FCAC list

Prince, Ontario, recorded a population of 975 in the 2021 Census; the rules that govern a loan signed there are provincial.

The census figures for Prince

Population for Prince stands at 975 in the 2021 Census. The community covers 85.0 square kilometres of land.

That gives a density of 11.5 people per square kilometre, rounded to one decimal place.

The community is the 362nd largest place in the province within this census set.

Prince is one of 527 places listed for Ontario, ranked 362 by population and measured at 85.0 square kilometres.

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) 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.

Places in the smallest population band are grouped here as small communities, and the pages carry the same census fields and the same provincial rules as the largest city.

How borrowing works locally

Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent. Debt management plans are administered by accredited credit counsellors, and they are not loans.

Products compared here

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

  • Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.
  • Bad credit loans: Borrowing when the credit file is damaged, and what changes about price and security as a result.

Prince sits at rank 362 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

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

Prince is one of 527 covered Ontario places, counted at 975 residents with a land area of 85.0 square kilometres.

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

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

The density figure for Prince, 11.5 people per square kilometre, is calculated from the population and land area above.

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

Prince ranks 362 by 2021 Census population among the covered places in Ontario.

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

At 975 residents in the 2021 Census, Prince is listed alongside the other covered places in Ontario.

The land area recorded for Prince is 85.0 square kilometres, and the population is 975 residents in the 2021 Census.

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.

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

Borrowing in Prince

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

Toronto 2,794,356 Ottawa 1,017,449 Mississauga 717,961 Brampton 656,480 Hamilton 569,353 London 422,324

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