Personal loans in Coloma, MI

If debt is already a strain, a nonprofit credit counsellor can help Coloma residents before they take on more. An estimated 1,424 people make their home in Coloma, a figure that ranks 300th in Michigan. Rate ceilings, licensing requirements and product limits for Coloma are all set at the Michigan level. Coloma shed about 2.8% of its population between the 2020 base and the 2023 estimate. A larger market lies at Watervliet, MI about 3 miles away.

Coloma: population, trend and location

Set out below is Coloma's local context next to the state-level rules that reach every lender here.

• Population: a Census-estimated 1,424, 300th among Michigan's 533 places (Vintage 2023).
• Population trend: Roughly 2.8% fewer residents than the 2020 Census counted.
• Absolute change: 41 residents lost between 2020 and 2023.
• Size percentile: Coloma's 1,424 people outrank roughly 44% of the places in Michigan.
• Population density: about 1,604 people per square mile (Census land area 0.9 sq mi).
• Land area: Coloma covers 0.9 square miles, the 461st-largest area among Michigan's 533 places.
• Share of Michigan: Coloma holds about 0.0% of the state's population, some 1,424 people.
• Nationally: Coloma is the 8,883rd-largest of 19,457 Census places in the dataset.
• Growth in Michigan: Coloma stands 499th by percentage change from 2020 to 2023, among 533 places.
• Against the state trend: Coloma's 2.8% change compares with a Michigan average of -0.3% across its 533 places.
• Density rank: Coloma is the 161st most densely settled place in Michigan.
• Density vs Michigan: Coloma's 1,604 people per square mile compare with a state median of 1,078.
• Location: the Census Gazetteer records it at 42.1866, -86.3093.
• Nearest larger cities: Watervliet (3 mi); Hartford (7 mi); Benton Harbor (9 mi); St. Joseph (11 mi); Bangor (13 mi). Any of them may have more branches, but statewide rules and your credit still set the price.
• Smaller communities within reach: Lawrence (13 mi); Shoreham (14 mi); Eau Claire (14 mi).
• Within a 50-mile radius: 32 smaller Census places.
• Larger places within 100 miles: 394.

Coloma against the rest of Michigan

Against Michigan's other places, Coloma accounts for about 0.0% of the state's population and ranks 300th of 533 by size. For population change between 2020 and 2023, Coloma ranks 499th of 533 in Michigan (about the 6th percentile). At about 1,604 people per square mile, Coloma is the 161st most densely settled place in Michigan. Within 50 miles sit 32 smaller Census places, alongside the 46 that are larger.

Coloma on the map

The Census Gazetteer records about 0.9 square miles of land within Coloma, with no significant water area listed. With 1,424 residents, the land area yields roughly 1,604 people per square mile. The largest place in Michigan, Detroit, lies about 164 miles away. Coloma has 46 larger places within a 50-mile radius. The 100-mile radius contains 394 larger places.

Steps to take before a Coloma loan

A sensible order of operations for a loan in Coloma, home to about 1,424 people:

1. Order your free credit reports and dispute anything inaccurate — it is the cheapest way to move the rate you are offered.
2. Run the numbers on the personal loan calculator so you know the payment before you apply.
3. Line up several pre-qualified offers and let the APR decide.
4. Verify the lender's Michigan licence with the regulator listed on this page.
5. If the balances are already a strain, seek nonprofit credit counselling before adding a loan.
6. Check the disclosure for fees that raise the true cost above the quoted rate.
7. Make sure the new payment leaves room in a budget you already keep.

None of these steps is Coloma-specific: the same Michigan licensing and disclosure rules reach all 1,424 residents.

The state rulebook for Coloma

These are Michigan's sourced lending facts as they reach Coloma's 1,424 residents; the state has no city-level rate rule.

The anatomy of a Coloma personal loan

A Coloma personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 1,424 residents. Because pricing is borrower-level, two people in Coloma can be quoted different APRs on the same amount and term. A longer term lowers the monthly payment on a Coloma loan but raises total interest, so the smallest payment is not the cheapest loan.