Borrowing in Lac-Chicobi, Quebec

Lac-Chicobi, Quebec, recorded a population of 161 in the 2021 Census; the rules that govern a loan signed there are provincial.

Products compared here

Among the 20 products compared here, these two are commonly used for the purposes described.

• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.
• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.

How borrowing works locally

A credit file is compiled by private agencies from information lenders and other creditors report.

Interest on a line of credit accrues only on the drawn portion, not on the unused limit. A mortgage is registered against the property, which is what gives the lender its claim.

The Quebec rules that apply

Consumer credit in Quebec is licensed by the provincial or territorial regulator, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

For Quebec, the federal Payday Lending Regulations (SOR/2024-114) record that payday lending is not licensed, so the cost limit should be confirmed with the provincial regulator.

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 Lac-Chicobi

Lac-Chicobi recorded a population of 161 in Statistics Canada's 2021 Census of Population. Land area for Lac-Chicobi is 716.0 square kilometres in the same census.

On those two figures, density is 0.2 residents per square kilometre when rounded to one decimal place.

Lac-Chicobi ranks 1134 by population among the Quebec places on this site.

The place record for Lac-Chicobi covers 716.0 square kilometres and 161 residents, a density of 0.2 people per square kilometre.

Lac-Chicobi is one of 1150 covered Quebec places, counted at 161 residents with a land area of 716.0 square kilometres.

The land area recorded for Lac-Chicobi is 716.0 square kilometres, and the population is 161 residents in the 2021 Census.

Lac-Chicobi sits at rank 1134 within Quebec in this data set, and the provincial rules apply as they do elsewhere.

Lac-Chicobi ranks 1134 by 2021 Census population among the covered places in Quebec.

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

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

The density figure for Lac-Chicobi, 0.2 people per square kilometre, is calculated from the population and land area above.

At 161 residents in the 2021 Census, Lac-Chicobi is listed alongside the other covered places in Quebec.

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

Readers comparing Lac-Chicobi with another community can use the same four census fields.

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

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

The 2021 Census of Population published by Statistics Canada is the source for population and land area; the federal Payday Lending Regulations (SOR/2024-114) are the source for payday rules.

The same structure is used for every place covered, so two communities can be compared field by field: population, land area, density, rank, and the provincial rules.