Borrowing in Saint-Elphège, Quebec

Saint-Elphège, Quebec, recorded a population of 251 in the 2021 Census; the rules that govern a loan signed there are provincial.

The census figures for Saint-Elphège

Statistics Canada's 2021 Census gives Saint-Elphège a population of 251. Land area for Saint-Elphège is 40.5 square kilometres in the same census.

The calculated density is 6.2 people per square kilometre.

By population it ranks 1089 among the Quebec places covered here.

Saint-Elphège sits at rank 1089 among the 1150 Quebec places here, with 251 residents in the 2021 Census.

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.

At the small end of the census range, the community still borrows inside the province's licensing system.

How borrowing works locally

A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes.

A broker arranges credit but does not lend, and the lender remains the party that makes the decision. Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

Products compared here

These are two of the 20 products described on the site, and each has a national page as well as the provincial rules.

• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.
• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.

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

Saint-Elphège sits at rank 1089 within Quebec in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Saint-Elphège, 6.2 people per square kilometre, is calculated from the population and land area above.

Saint-Elphège ranks 1089 by 2021 Census population among the covered places in Quebec.

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

At 251 residents in the 2021 Census, Saint-Elphège is listed alongside the other covered places in Quebec.

Saint-Elphège is one of 1150 covered Quebec places, counted at 251 residents with a land area of 40.5 square kilometres.

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

Saint-Elphège appears in the census record with 251 residents, and the density of 6.2 people per square kilometre follows from it.

The land area recorded for Saint-Elphège is 40.5 square kilometres, and the population is 251 residents in the 2021 Census.

Readers comparing Saint-Elphège with another community can use the same four census fields.

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

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 provincial rules apply wherever a borrower is in Quebec; a municipal boundary does not change them.