Borrowing in Arcola, Saskatchewan

Arcola is one of the Saskatchewan communities covered here, with a 2021 Census population of 636, and borrowing there is licensed under Saskatchewan's consumer credit rules.

The Saskatchewan rules that apply

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

A payday advance in Saskatchewan falls under a provincial licensing regime, and the cost of borrowing is capped at $14 per $100 under the federal limit (this province's own published limit is $17 per $100 advanced, the top of the range the Regulations describe) advanced according to the federal Payday Lending Regulations (SOR/2024-114).

This is a small community by population, inside the lowest band used on this site, and the provincial framework applies without variation.

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.

A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender. A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

The census figures for Arcola

Arcola recorded a population of 636 in Statistics Canada's 2021 Census of Population. Its land area is 3.5 square kilometres.

The calculated density is 183.8 people per square kilometre.

Its provincial population rank is 227 within this data set.

Arcola therefore appears at rank 227 of 733 covered Saskatchewan places, with a density of 183.8 people per square kilometre.

Products compared here

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

• Unsecured loans: Borrowing with no asset pledged, priced for the risk the lender is taking on your file alone.
• Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.

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

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

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

Arcola appears in the census record with 636 residents, and the density of 183.8 people per square kilometre follows from it.

Arcola is one of 733 covered Saskatchewan places, counted at 636 residents with a land area of 3.5 square kilometres.

Arcola ranks 227 by 2021 Census population among the covered places in Saskatchewan.

At 636 residents in the 2021 Census, Arcola is listed alongside the other covered places in Saskatchewan.

The density figure for Arcola, 183.8 people per square kilometre, is calculated from the population and land area above.

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

The land area recorded for Arcola is 3.5 square kilometres, and the population is 636 residents in the 2021 Census.

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

Arcola sits at rank 227 within Saskatchewan in this data set, and the provincial rules apply as they do elsewhere.

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

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

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.