Personal loans in Milford, IN

The closest larger city is Syracuse, IN about 5 miles away. Census figures put the 2020-to-2023 decrease in Milford at about 0.6%. For the 1,606 people in Milford, Indiana runs its own consumer-lending licensing, and the sourced table below lists the figures that apply. Verify the lender's Indiana licence against the regulator named below before borrowing in Milford.

Milford: population, trend and location

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

• Population: 1,606 — Milford ranks 236th of 565 communities in Indiana (US Census Bureau, Vintage 2023).
• Population trend: The 2020-to-2023 change is negative, near 0.6%.
• Absolute change: 9 residents lost between 2020 and 2023.
• Size percentile: bigger than about 58% of the places in Indiana, with 1,606 residents in Milford.
• Population density: about 1,071 people per square mile (Census land area 1.5 sq mi).
• Land area: Milford covers 1.5 square miles, the 212th-largest area among Indiana's 565 places.
• Water area: Milford has 0.02 square miles of water, ranking 134th of 565 places in Indiana.
• Share of state population: Milford's 1,606 residents are about 0.0% of Indiana.
• National rank: Milford sits 8,455th by population among the 19,457 places in this dataset.
• Growth rank: Milford's 2020-to-2023 change ranks 375th of 565 places in Indiana.
• Against the state trend: Milford's 0.6% change compares with a Indiana average of +1.0% across its 565 places.
• Density rank: Milford is the 374th most densely settled place in Indiana.
• Density vs Indiana: Milford's 1,071 people per square mile compare with a state median of 1,375.
• Location: coordinates 41.4175, -85.8436 (US Census Bureau Gazetteer).
• Nearest larger cities: Syracuse (5 mi); Nappanee (8 mi); Goshen (11 mi); Wakarusa (12 mi); Warsaw (12 mi). Lenders licensed in the state serve Milford whether or not they keep a local branch.
• Nearest smaller towns: Leesburg (6 mi); North Webster (10 mi); Millersburg (11 mi).
• Smaller neighbours: 56 places smaller than Milford sit within 50 miles.
• Within 100 miles: 243 places are larger than Milford.

Milford on the map

Inside Milford's boundaries lie roughly 1.5 square miles of land and 0.02 square miles of water. Spread across it are roughly 1,071 residents per square mile. Fort Wayne, the largest place in Indiana, is about 43 miles from Milford. Counting outward 50 miles, 55 larger communities surround Milford. Within the same 50 miles lie 56 smaller Census places.

What is available to Milford borrowers

With about 1,071 residents per square mile, Milford is moderately settled, and 55 larger Census places sit within 50 miles. Whether Milford has a local branch or not, a Indiana-licensed lender can serve its 1,606 people online on the same terms. For a larger market, the closest option is Syracuse, IN about 5 miles away.

How Milford compares across Indiana

Among Indiana's 565 places, Milford sits at 236th for population, a share of roughly 0.0% of the state. On the 2020-to-2023 trend, Milford stands 375th among Indiana's 565 places — roughly the 34th percentile. Its roughly 1,071 residents per square mile place it 374th among Indiana's places. By land area, its 1.5 square miles rank 212th of 565 places in Indiana.

The anatomy of a Milford personal loan

Most loans made to Milford's 1,606 residents are unsecured, so nothing is pledged and the lender relies on your credit history. A lender serving Milford's 1,606 residents must disclose the APR and finance charge in writing before you sign. A longer term lowers the monthly payment on a Milford loan but raises total interest, so the smallest payment is not the cheapest loan.

Indiana rules behind a Milford personal loan

These are Indiana's sourced lending facts as they reach Milford's 1,606 residents; the state has no city-level rate rule.