Personal loans in Caspian, MI
With 818 residents, Caspian outranks about 28% of the communities in Michigan. If you are weighing a personal loan in Caspian, start from the payment you can carry; its 818 residents face the same statewide rules.
Begin with the payment, then weigh APR and total interest across the lenders that reach Caspian's 818 residents. To lend to Caspian's 818 residents, a company must hold a Michigan licence, and each sourced row below names the regulator behind it. Census figures put the 2020-to-2023 increase in Caspian at about 1.0%. The nearest larger city is Iron River, MI about 2 miles away.
Borrowing in Caspian: the local picture
Caspian is a small community; the notes below cover its population profile and the statewide rules that apply.
- Population: about 818, ranked 383rd of 533 places in Michigan (Census Vintage 2023 subcounty estimate).
- Population trend: Growth of about 1.0% across the 2020-to-2023 comparison.
- Change in people: the 2020-to-2023 comparison is a gain of about 8 residents.
- Size percentile: Caspian sits ahead of around 28% of Michigan places, at 818 people.
- Population density: about 573 people per square mile (Census land area 1.4 sq mi).
- Land area: Caspian covers 1.4 square miles, the 295th-largest area among Michigan's 533 places.
- Share of state population: Caspian's 818 residents are about 0.0% of Michigan.
- Nationally: Caspian is the 11,088th-largest of 19,457 Census places in the dataset.
- Growth rank: Caspian's 2020-to-2023 change ranks 113th of 533 places in Michigan.
- Against the state trend: Caspian's 1.0% change compares with a Michigan average of -0.3% across its 533 places.
- Density in Michigan: Caspian ranks 425th by people per square mile.
- Density vs Michigan: Caspian's 573 people per square mile compare with a state median of 1,078.
- Location: coordinates 46.0653, -88.6266 (US Census Bureau Gazetteer).
- Nearest larger cities: Iron River (2 mi); Crystal Falls (15 mi); Kingsford (31 mi); Eagle River (32 mi); Iron Mountain (32 mi). A branch is convenient; it is not what sets your APR.
- Nearest smaller places: Gaastra (1 mi); Alpha (12 mi); Wausaukee (57 mi).
- Smaller neighbours: 2 places smaller than Caspian sit within 50 miles.
- Larger places within 100 miles: 53.
Caspian in state context
Within Michigan, Caspian holds roughly 0.0% of all residents, the 383rd-largest share among 533 places. For population change between 2020 and 2023, Caspian ranks 113th of 533 in Michigan (about the 79th percentile). By density, at about 573 people per square mile, it ranks 425th in Michigan. By land area, its 1.4 square miles rank 295th of 533 places in Michigan.
Which Michigan laws govern a loan in Caspian
Every row below records a Michigan rule, its publisher and its retrieval date — the same rules a Caspian lender must follow.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Michigan Department of Insurance and Financial Services (DIFS) Source says: ""Department" means the department of insurance and financial services" | Michigan Legislature as of 2026-09-16 |
| Payday lending status | Legal and licensed — deferred presentment service transactions (2005 PA 244; MCL 487.2121 et seq.), licensed and regulated by DIFS Source says: "AN ACT to regulate the business of providing deferred presentment service transactions; to require the licensing of providers of deferred presentment service transactions" | Michigan Legislature as of 2026-09-16 |
| Small-loan / installment lender licensing | License required from the commissioner to make regulated loans (Regulatory Loan Act, MCL 493.1 et seq.) Source says: "a person shall not engage in the business of making loans of money ... without first obtaining a license from the commissioner" | Michigan Legislature as of 2026-09-16 |
What a Caspian borrower is actually offered
With roughly 818 residents, Caspian is a small community; its personal loans are typically unsecured, priced from your credit rather than the city's size. A lender serving Caspian's 818 residents must disclose the APR and finance charge in writing before you sign. The term you choose in Caspian decides the split between a comfortable payment and the total interest you pay.
Caspian: area, density and distance
Caspian covers about 1.4 square miles of land (Census Gazetteer); no significant water area is recorded inside its boundaries. The resulting density is about 573 people per square mile. The state's population centre of gravity, Detroit, is roughly 373 miles away. Counting outward 50 miles, 11 larger communities surround Caspian. By land area it ranks 295th of 533 Michigan places.
Borrowing reach in Caspian
Caspian is a moderately settled community of about 818 people, with 11 larger places inside a 50-mile radius. Lenders licensed in Michigan reach Caspian's 818 residents online, so the nearest branch is not what sets your APR. The nearest larger city, Iron River, MI about 2 miles away.
Common questions
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Nearby places
- Gaastra, MI — population 320
- Iron River, MI — population 3,032
- Alpha, MI — population 124
- Crystal Falls, MI — population 1,612
- Crandon, WI — population 1,703
- Kingsford, MI — population 5,134
- Iron Mountain, MI — population 7,519
- Eagle River, WI — population 1,617