Borrowing in Milan, Quebec

With 318 residents counted in the 2021 Census, Milan sits inside Quebec's provincial lending framework.

How borrowing works locally

A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent.

Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time. A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

Products compared here

Two of the 20 covered products appear below, each with the purpose the product is designed for.

• 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.

The census figures for Milan

Statistics Canada's 2021 Census gives Milan a population of 318. The census records a land area of 129.4 square kilometres for Milan.

The arithmetic gives 2.5 people per square kilometre.

Milan ranks 1049 by population among the Quebec places on this site.

Within Quebec, Milan is place number 1049 by population in this census set, at 318 residents.

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.

Communities of this size are listed here with population, land area and density, and the lending rules remain provincial.

Milan is one of 1150 covered Quebec places, counted at 318 residents with a land area of 129.4 square kilometres.

The density figure for Milan, 2.5 people per square kilometre, is calculated from the population and land area above.

Milan appears in the census record with 318 residents, and the density of 2.5 people per square kilometre follows from it.

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

Milan sits at rank 1049 within Quebec in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Milan is 129.4 square kilometres, and the population is 318 residents in the 2021 Census.

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

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

Milan ranks 1049 by 2021 Census population among the covered places in Quebec.

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

At 318 residents in the 2021 Census, Milan is listed alongside the other covered places in Quebec.

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.