Personal loans in Clio, MI

For the 2,471 people in Clio, Michigan runs its own consumer-lending licensing, and the sourced table below lists the figures that apply. By population, Clio sits at 225th in Michigan, with an estimated 2,471 residents.

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

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A personal loan in Clio is priced from your credit file and income, not from the fact that the city holds 2,471 people. Census figures put the 2020-to-2023 decrease in Clio at about 2.2%. Price two or three terms so you can see which payment is truly affordable in Clio. The closest larger city is Mount Morris, MI about 4 miles away.

Borrowing in Clio: 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.

Population: the Census counts 2,471 residents in Clio (Vintage 2023 subcounty estimate), the 225th-largest figure among Michigan's 533 places.
Population trend: A loss of roughly 2.2% between 2020 and 2023.
Absolute change: 56 residents lost between 2020 and 2023.
Size percentile: about 58% of Michigan communities are smaller than Clio (2,471 residents).
Land and density: 1.1 square miles of land carry roughly 2,230 residents per square mile.
By land area: Clio ranks 364th among Michigan's 533 places, at 1.1 sq mi.
Water area: Clio has 0.01 square miles of water, ranking 322nd of 533 places in Michigan.
Within Michigan: about 0.0% of the state's population lives in Clio.
National rank: Clio is 6,891st of 19,457 places nationwide.
Growth in Michigan: Clio stands 472nd by percentage change from 2020 to 2023, among 533 places.
State comparison: Michigan's places average -0.3% for 2020-to-2023, against Clio's 2.2%.
Density rank: Clio is the 107th most densely settled place in Michigan.
Against the state median: Clio runs about 2,230 residents per square mile, where the Michigan median is 1,078.
Location: 43.1770, -83.7356 (US Census Bureau Gazetteer).
Nearest larger cities: Mount Morris (4 mi); Flushing (10 mi); Flint (11 mi); Frankenmuth (11 mi); Burton (14 mi). Larger metros often have more branches, but online lenders reach Clio on the same terms.
Nearest smaller places: Birch Run (6 mi); Montrose (8 mi); Otisville (11 mi).
Within a 50-mile radius: 57 smaller Census places.
At 100 miles: 161 larger Census places fall inside that radius.

Clio against the rest of Michigan

Set beside Michigan's 533 places, Clio ranks 225th by population and holds about 0.0% of the state total. On the 2020-to-2023 trend, Clio stands 472nd among Michigan's 533 places — roughly the 11th percentile. By density, at about 2,230 people per square mile, it ranks 107th in Michigan. In land area, Clio ranks 364th among Michigan's 533 places.

Where Clio sits

The Census Gazetteer records 1.1 square miles of land and 0.01 square miles of water within Clio. Spread across it are roughly 2,230 residents per square mile. The state's population centre of gravity, Detroit, is roughly 64 miles away. A 50-mile radius around Clio takes in 50 places that are larger. Within the same 50 miles lie 57 smaller Census places.

How personal loans work in Clio

A Clio personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 2,471 residents. Federal Truth in Lending rules require a Clio lender to disclose the APR and finance charge before you sign. A longer term lowers the monthly payment on a Clio loan but raises total interest, so the smallest payment is not the cheapest loan.

What to do before borrowing in Clio

Complete these steps first when you borrow in Clio (2,471 residents):

Pull your credit reports first and correct any error before a lender sees the file.
Use the loan calculator to test the payment on your intended amount and term.
Pre-qualify with three or more lenders, then compare the APR rather than the interest rate.
Make sure the lender appears in the Michigan regulator's licence list.
Do not borrow more than the expense calls for, even if a lender approves a larger amount.
Be clear on what the loan is for and how it gets repaid.
If debt is already a struggle, talk to a nonprofit credit counsellor before borrowing more.

The process is identical across Michigan; what changes is your credit file, not the fact that Clio holds 2,471 people.

Michigan consumer-lending rules applied in Clio

When Michigan does not publish a figure, the row links to the source instead of inventing a number; Clio is bound by the same rules.

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
Regulated lender interest/finance charge cap	25% per annum (Credit Reform Act, MCL 445.1854(1)) Source says: "may charge, collect, and receive any rate of interest or finance charge for an extension of credit not to exceed 25% per annum"	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

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Common questions

What are my options in Clio 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 Clio is the same as anywhere in Michigan.

What loan size can I expect in Clio?

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 Clio?

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 Clio 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

Mount Morris, MI — population 3,092
Birch Run, MI — population 1,540
Frankenmuth, MI — population 5,163
Flushing, MI — population 8,243
Montrose, MI — population 1,709
Flint, MI — population 79,661
Otisville, MI — population 807
Burton, MI — population 29,376