Personal loans in Elco, PA

The roughly 260 people who live in Elco borrow under Pennsylvania rules; city hall sets no personal-loan rate. The trend for Elco between 2020 and 2023 is downward by roughly 1.5%.

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

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An estimated 260 people make their home in Elco, a figure that ranks 885th in Pennsylvania. Judge Elco offers on total cost, not on how quickly the money arrives. Rate ceilings, licensing requirements and product limits for Elco are all set at the Pennsylvania level. For a bigger market, look to Newell, PA about 1 miles away.

What the Census records for Elco

Read the local figures below as context; read the sourced Pennsylvania table as the rulebook a lender here must follow.

Population: 260 residents; Elco is the 885th-largest of 1,013 places in Pennsylvania (US Census Bureau, Vintage 2023).
Population trend: Down about 1.5% from the 2020 Census base to the 2023 estimate.
Net change: roughly 4 fewer people than the 2020 Census counted.
Size percentile: with 260 residents, Elco is larger than about 13% of Pennsylvania's Census places.
Population density: about 932 people per square mile across 0.3 square miles of land (Census Gazetteer area, Vintage 2023 population).
Land area rank: Elco's 0.3 square miles rank 890th of 1,013 places in Pennsylvania.
Water: Elco holds about 0.08 square miles, the 155th-largest water area in Pennsylvania.
Share of Pennsylvania: Elco holds about 0.0% of the state's population, some 260 people.
National rank: Elco is 15,617th of 19,457 places nationwide.
Growth in Pennsylvania: Elco stands 548th by percentage change from 2020 to 2023, among 1,013 places.
State comparison: Pennsylvania's places average -0.9% for 2020-to-2023, against Elco's 1.5%.
Density rank: Elco is the 747th most densely settled place in Pennsylvania.
Against the state median: Elco runs about 932 residents per square mile, where the Pennsylvania median is 1,990.
Location: 40.0818, -79.8817 (US Census Bureau Gazetteer).
Nearest larger cities: Newell (1 mi); Roscoe (1 mi); Long Branch (1 mi); Allenport (1 mi); Stockdale (2 mi). A bigger neighbour may offer more branches; the rate you see still follows your credit, not your address.
Smaller places close by: Coal Center (1 mi); Twilight (2 mi); Clarksville (11 mi).
Smaller neighbours: 33 places smaller than Elco sit within 50 miles.
Larger places within 100 miles: 569.

Elco against the rest of Pennsylvania

Elco is the 885th-largest of 1,013 Census places in Pennsylvania and contains about 0.0% of the state's people. On the 2020-to-2023 trend, Elco stands 548th among Pennsylvania's 1,013 places — roughly the 46th percentile. Its roughly 932 residents per square mile place it 747th among Pennsylvania's places. By land area, its 0.3 square miles rank 890th of 1,013 places in Pennsylvania.

Land, water and location for Elco

Inside Elco's boundaries lie roughly 0.3 square miles of land and 0.08 square miles of water. The resulting density is about 932 people per square mile. Philadelphia, the largest place in Pennsylvania, is about 251 miles from Elco. Counting outward 50 miles, 260 larger communities surround Elco. Within the same 50 miles lie 33 smaller Census places.

How Pennsylvania law applies in Elco

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

Rule	Detail	Source
State lending regulator	Pennsylvania Department of Banking and Securities (DoBS) Source says: "The Department of Banking and Securities regulates financial services in Pennsylvania."	Pennsylvania Department of Banking and Securities as of 2026-09-16
Small-loan / installment lender licensing	Consumer Discount Company Act license required for non-mortgage consumer loans above 6%; licensed lenders may charge up to 24% on loans of $25,000 or less. Source says: "A consumer discount company is a business corporation that negotiates or makes non-mortgage loans or advances of money on credit."	Pennsylvania Department of Banking and Securities as of 2026-09-16
Bank rate-cap exemption (state-specific rule)	Pennsylvania state-chartered banks are not subject to state interest-rate caps (Banking Code Sections 303/506 supersede the LIPL 6% cap). Source says: "Pennsylvania law does not impose any restrictions on the interest rate that Pennsylvania state-chartered banks may charge to customers." (DoBS interpretive letter, May 11, 2023).	Pennsylvania Department of Banking and Securities as of 2026-09-16

How a Elco personal loan is priced

A Elco personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 260 residents. Federal Truth in Lending rules require a Elco lender to disclose the APR and finance charge before you sign. The term you choose in Elco decides the split between a comfortable payment and the total interest you pay.

Before you apply in Elco

Before you apply in Elco, a community of about 260, work through these steps:

Start with the credit file: order the reports, fix the errors, then apply.
Price the payment first with our personal loan calculator before any lender quotes you.
Line up several pre-qualified offers and let the APR decide.
Make sure the lender appears in the Pennsylvania regulator's licence list.
If the balances are already a strain, seek nonprofit credit counselling before adding a loan.
Read the disclosure for an origination fee and any prepayment penalty before signing.
Test the payment against your current bills before you commit.

The process is identical across Pennsylvania; what changes is your credit file, not the fact that Elco holds 260 people.

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Common questions

What are my options in Elco 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 Elco is the same as anywhere in Pennsylvania.

What loan size can I expect in Elco?

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 Elco?

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 Elco 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

Newell, PA — population 493
Long Branch, PA — population 414
Roscoe, PA — population 707
Coal Center, PA — population 110
Allenport, PA — population 478
Stockdale, PA — population 418
California, PA — population 4,639
Twilight, PA — population 213