Borrowing in Saltcoats, Saskatchewan

Saltcoats is one of the Saskatchewan communities covered here, with a 2021 Census population of 473, and borrowing there is licensed under Saskatchewan's consumer credit rules.

The Saskatchewan rules that apply

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

In Saskatchewan, payday lending operates under a licensed provincial regime, and the federal Payday Lending Regulations (SOR/2024-114) record a maximum cost of borrowing of $14 for each $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 under 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.

The census figures for Saltcoats

In the 2021 Census, Saltcoats had 473 residents. Statistics Canada lists 1.4 square kilometres of land for the community.

Dividing population by land area gives 350.4 residents per square kilometre, rounded to one decimal place.

The community is the 319th largest place in the province within this census set.

Saltcoats therefore appears at rank 319 of 733 covered Saskatchewan places, with a density of 350.4 people per square kilometre.

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.

• 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.

How borrowing works locally

An application usually asks for identification, income evidence, banking details and a statement of obligations.

A prepayment privilege allows a borrower to pay more than the scheduled amount, sometimes with a charge attached. A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes.

Saltcoats appears in the census record with 473 residents, and the density of 350.4 people per square kilometre follows from it.

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

Saltcoats ranks 319 by 2021 Census population among the covered places in Saskatchewan.

The density figure for Saltcoats, 350.4 people per square kilometre, is calculated from the population and land area above.

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

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

The land area recorded for Saltcoats is 1.4 square kilometres, and the population is 473 residents in the 2021 Census.

At 473 residents in the 2021 Census, Saltcoats is listed alongside the other covered places in Saskatchewan.

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

Saltcoats sits at rank 319 within Saskatchewan in this data set, and the provincial rules apply as they do elsewhere.

Nothing on the Saltcoats 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.

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.