Borrowing in Loon Lake, Saskatchewan

Loon Lake, Saskatchewan, recorded a population of 281 in the 2021 Census; the rules that govern a loan signed there are provincial.

Products compared here

The site describes 20 products in total; the two below are representative of the range.

• Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.
• Car loans: Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit.

How borrowing works locally

A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term. A revolving product charges interest on the outstanding balance, while an instalment product charges a fixed schedule of payments.

The Saskatchewan rules that apply

The regulator for consumer credit in Saskatchewan is the body listed by the federal Payday Lending Regulations (SOR/2024-114) 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).

The lowest band groups villages, rural municipalities and small towns, all read against the same provincial rulebook.

The census figures for Loon Lake

The 2021 Census counted 281 residents in Loon Lake. Land area for Loon Lake is 0.7 square kilometres in the same census.

That gives a density of 379.7 people per square kilometre, rounded to one decimal place.

Among covered Saskatchewan places, Loon Lake sits at rank 502 by population.

The place record for Loon Lake covers 0.7 square kilometres and 281 residents, a density of 379.7 people per square kilometre.

The land area recorded for Loon Lake is 0.7 square kilometres, and the population is 281 residents in the 2021 Census.

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

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

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

The density figure for Loon Lake, 379.7 people per square kilometre, is calculated from the population and land area above.

At 281 residents in the 2021 Census, Loon Lake is listed alongside the other covered places in Saskatchewan.

Loon Lake appears in the census record with 281 residents, and the density of 379.7 people per square kilometre follows from it.

Loon Lake is one of 733 covered Saskatchewan places, counted at 281 residents with a land area of 0.7 square kilometres.

Loon Lake sits at rank 502 within Saskatchewan in this data set, and the provincial rules apply as they do elsewhere.

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

Loon Lake ranks 502 by 2021 Census population among the covered places in Saskatchewan.

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).

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