Personal loans in Canfield, OH

The roughly 7,610 people who live in Canfield borrow under Ohio rules; city hall sets no personal-loan rate. An estimated 7,610 people make their home in Canfield, a figure that ranks 204th in Ohio.

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

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.

A 2020-to-2023 comparison shows Canfield down by about 1.1%. Rate-shopping from Canfield costs nothing at pre-qualification, where a soft pull leaves your credit file alone. The next larger city is Youngstown, OH about 8 miles away. For the 7,610 people in Canfield, Ohio runs its own consumer-lending licensing, and the sourced table below lists the figures that apply.

Local context for Canfield

Here is the sourced Census picture for Canfield, plus the Ohio lending rules that apply to a loan taken out here.

Canfield's place among Ohio's 924 places

Set beside Ohio's 924 places, Canfield ranks 204th by population and holds about 0.1% of the state total. On the 2020-to-2023 trend, Canfield stands 499th among Ohio's 924 places — roughly the 46th percentile. Its roughly 1,491 residents per square mile place it 361st among Ohio's places. The population moved by about 87 people between 2020 and 2023, a 1.1% shift.

Canfield on the map

Canfield's land area is about 5.1 square miles; a further 0.03 square miles is water. With 7,610 residents, the land area yields roughly 1,491 people per square mile. For the state's biggest city, Columbus, the distance is roughly 137 miles. Canfield has 48 larger places within a 50-mile radius. Within the same 50 miles lie 191 smaller Census places.

Ohio consumer-lending rules applied in Canfield

Read the table as a lender's compliance picture for Canfield: the rule, the sourced figure, the publisher and the date.

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
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
Maximum legal interest rate (usury cap)8% per annum maximum by written agreement for the general case; higher rates permitted only in specified cases (e.g., principal over $100,000, business loans, certain mortgages).
Source says: "may stipulate therein for the payment of interest upon the amount thereof at any rate not exceeding eight per cent per annum payable annually" (Ohio Rev. Code 1343.01(A)). [codes.ohio.gov content retrieved via search-engine fetch of the official section; direct connections blocked from our network]
Ohio Laws (Ohio Revised Code - official state publication)
as of 2026-09-16

Inside a Canfield personal loan

In Canfield, a small town of about 7,610, the amount is advanced up front and repaid in fixed installments; the city's size does not change the pricing. Two numbers drive a Canfield loan: the APR, which includes fees, and the term, which decides how long you keep paying. Because the payment is fixed, the total cost of a Canfield loan is knowable in advance — unlike a revolving card balance.

Lender access in Canfield

Canfield is moderately settled, with about 1,491 people per square mile and 48 larger places within 50 miles. A Ohio licence lets a lender serve Canfield without a local office, so branch density does not change what its 7,610 residents are offered. For a larger market, the closest option is Youngstown, OH about 8 miles away.

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 Canfield 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 Canfield is the same as anywhere in Ohio.
What loan size can I expect in Canfield?
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 Canfield?
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 Canfield 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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