Borrowing in Les Méchins, Quebec

Les Méchins is one of the Quebec communities covered here, with a 2021 Census population of 995, and borrowing there is licensed under Quebec's consumer credit rules.

The census figures for Les Méchins

Population for Les Méchins stands at 995 in the 2021 Census. Statistics Canada lists 441.4 square kilometres of land for the community.

Dividing population by land area gives 2.3 residents per square kilometre, rounded to one decimal place.

The community is the 663rd largest place in the province within this census set.

Within Quebec, Les Méchins is place number 663 by population in this census set, at 995 residents.

The Quebec rules that apply

Licensing for consumer credit in Quebec sits with the province or territory, and the Financial Consumer Agency of Canada maintains the public list of provincial and territorial regulators.

Quebec does not license payday lending, a fact the federal Payday Lending Regulations (SOR/2024-114) record when it lists the provinces that regulate the product.

Small places are covered the same way as large ones: census figures for the place, and the provincial position on lending.

How borrowing works locally

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

An application usually asks for identification, income evidence, banking details and a statement of obligations. Adding a co-signer puts a second file in front of the lender and adds a second person to the obligation.

Products compared here

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

• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.
• Payday loans: Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit.

Les Méchins sits at rank 663 within Quebec in this data set, and the provincial rules apply as they do elsewhere.

At 995 residents in the 2021 Census, Les Méchins is listed alongside the other covered places in Quebec.

Les Méchins appears in the census record with 995 residents, and the density of 2.3 people per square kilometre follows from it.

Les Méchins ranks 663 by 2021 Census population among the covered places in Quebec.

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

Les Méchins is one of 1150 covered Quebec places, counted at 995 residents with a land area of 441.4 square kilometres.

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

The land area recorded for Les Méchins is 441.4 square kilometres, and the population is 995 residents in the 2021 Census.

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

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

Nothing on the Les Méchins 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.

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