Personal loans in Caledonia, OH

State law, not city hall, decides what a lender may do to Caledonia's roughly 550 residents, and a state regulator supervises it. About 550 people live in Caledonia, placing it 645th of 924 Census places in Ohio.

By the Personalloaner Editorial Team · Last updated 2026-09-16

Compare loan offers Run the numbers first

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

The first question in Caledonia is not the rate on offer but whether the payment fits; about 550 people live here under Ohio lending law. Caledonia lost roughly 1.3% of its population across the 2020-to-2023 comparison. If debt is already a strain, a nonprofit credit counsellor can help Caledonia residents before they take on more. The next larger city is Marion, OH about 9 miles away.

Where Caledonia stands

The figures below are Caledonia's own — Census population, land area and coordinates — followed by the Ohio rules.

A practical checklist for Caledonia borrowers

Before you hand your details to a lender in Caledonia, where the population is near 550:

  1. Start with the credit file: order the reports, fix the errors, then apply.
  2. Run the numbers on the personal loan calculator so you know the payment before you apply.
  3. Pre-qualify with three or more lenders, then compare the APR rather than the interest rate.
  4. Verify the lender's Ohio licence with the regulator listed on this page.
  5. Borrow only what the purpose requires, not the maximum you are offered.
  6. Be clear on what the loan is for and how it gets repaid.
  7. If the balances are already a strain, seek nonprofit credit counselling before adding a loan.

What differs between Caledonia and the rest of Ohio is not the process but the borrower's own file, among the 550 people here.

Caledonia in state context

Caledonia is the 645th-largest of 924 Census places in Ohio and contains about 0.0% of the state's people. For population change between 2020 and 2023, Caledonia ranks 537th of 924 in Ohio (about the 42th percentile). By density, at about 2,273 people per square mile, it ranks 147th in Ohio. Between 2020 and 2023 the count changed by roughly 7 residents.

Land, water and location for Caledonia

Inside Caledonia's boundaries lie about 0.2 square miles of land, with no significant water area recorded. Spread across it are roughly 2,273 residents per square mile. The largest place in Ohio, Columbus, lies about 45 miles away. Caledonia has 96 larger places within a 50-mile radius. Within the same 50 miles lie 52 smaller Census places.

Getting a loan in Caledonia

At roughly 2,273 people per square mile, Caledonia is fairly dense; 96 larger places lie within 50 miles. Distance to a branch rarely matters for Caledonia's 550 residents: the application is online and the price follows your credit file. The nearest bigger place is Marion, OH about 9 miles away.

Ohio rules behind a Caledonia personal loan

This table holds the Ohio rate and licensing rules for consumer loans made to Caledonia's 550 residents.

RuleDetailSource
State lending regulatorOhio Department of Commerce, Division of Financial Institutions (Consumer Finance Section).
Source says: "The Consumer Finance Section is responsible for regulating non-depository consumer lenders and related consumer finance businesses."		Ohio Department of Commerce - Division of Financial Institutions
as of 2026-09-16
Payday lending statusLegal for licensed short-term lenders; interest capped at 28% per annum; total fees and charges capped at 60% of the originally contracted loan amount.
Source says: "(A) Interest not exceeding a rate of twenty-eight per cent per annum" (Ohio Rev. Code 1321.40); total fees/charges capped at "a total amount of fees and charges that exceeds sixty per cent of the originally contracted loan amount" (1321.403).		Ohio Laws (Ohio Revised Code - official state publication)
as of 2026-09-16
Small-loan / installment lender licensingConsumer finance licenses required for non-depository lenders, including Consumer Installment Loan Act lenders, General Loan Law lenders, short-term lenders, and small loan lenders.
Source says: "We issue and manage licenses for companies and individuals under multiple Ohio statutes." (page's regulated-statutes list names Consumer Installment Loan Act lenders, General Loan Law lenders, Short-term lenders, Small loan lenders).		Ohio Department of Commerce - Division of Financial Institutions
as of 2026-09-16
Compare personal loan offers Run the numbers first

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Common questions

What are my options in Caledonia if my credit is poor?
Borrowing is still possible, but expect a higher APR and a smaller approved amount. Lenders that accept lower scores hold statewide licences, so what is open to you in Caledonia is the same as anywhere in Ohio.
What loan size can I expect in Caledonia?
Most personal loans sit somewhere between $1,000 and $50,000, though the figure you are approved for turns on the lender, your income and your credit. Model the monthly payment first with our personal loan calculator.
Do I have to pledge anything to borrow in Caledonia?
For an unsecured personal loan, no — there is nothing to pledge. A secured loan, such as home equity or one secured by a vehicle, does require collateral, and default puts that asset at risk.
Does comparing loans in Caledonia cost me credit score points?
Not during pre-qualification, which normally uses a soft pull and leaves your score alone. Submitting a full application triggers a hard inquiry, which can trim a few points briefly.

Nearby places

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