Personal loans in Clawson, MI

By population, Clawson sits at 83rd in Michigan, with an estimated 11,176 residents. Clawson shed about 1.9% of its population between the 2020 base and the 2023 estimate.

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 personal loan in Clawson is priced from your credit file and income, not from the fact that the city holds 11,176 people. Every figure below is Michigan's own, applied to Clawson's 11,176 residents, with the publisher and retrieval date attached. Pull your credit reports and line up at least three offers before you apply from Clawson. For a bigger market, look to Royal Oak, MI about 2 miles away.

Borrowing in Clawson: the local picture

Only a few things actually differ by place — population, area, location, and the Michigan rules a lender must follow — and they are below.

Lender access in Clawson

With about 5,080 residents per square mile, Clawson is densely built, and 54 larger Census places sit within 50 miles. A Michigan licence lets a lender serve Clawson without a local office, so branch density does not change what its 11,176 residents are offered. For a larger market, the closest option is Royal Oak, MI about 2 miles away.

How Michigan law applies in Clawson

These are Michigan's sourced lending facts as they reach Clawson's 11,176 residents; the state has no city-level rate rule.

RuleDetailSource
State lending regulatorMichigan 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
Maximum legal interest rate (usury cap)7% per annum maximum by written agreement; 5% legal rate (MCL 438.31)
Source says: "it shall be lawful for the parties to stipulate in writing for the payment of any rate of interest, not exceeding 7% per annum"
Michigan Legislature
as of 2026-09-16
Payday lending statusLegal 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

Where Clawson sits

Inside Clawson's boundaries lie about 2.2 square miles of land, with no significant water area recorded. That land carries about 5,080 people per square mile. Detroit, the largest place in Michigan, is about 11 miles from Clawson. A 50-mile radius around Clawson takes in 54 places that are larger. Within the same 50 miles lie 81 smaller Census places.

Clawson's place among Michigan's 533 places

Among Michigan's 533 places, Clawson sits at 83rd for population, a share of roughly 0.2% of the state. On the 2020-to-2023 trend, Clawson stands 445th among Michigan's 533 places — roughly the 17th percentile. Its roughly 5,080 residents per square mile place it 12th among Michigan's places. By land area, its 2.2 square miles rank 219th of 533 places in Michigan.

The anatomy of a Clawson personal loan

Clawson is a small town of about 11,176 people, and the personal loans written here are mostly unsecured — no collateral, so the lender leans on your credit file. Two numbers drive a Clawson loan: the APR, which includes fees, and the term, which decides how long you keep paying. A longer term lowers the monthly payment on a Clawson loan but raises total interest, so the smallest payment is not the cheapest loan.

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 Clawson 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 Clawson is the same as anywhere in Michigan.
What loan size can I expect in Clawson?
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 Clawson?
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 Clawson 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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