Personal loans in New London, OH
The roughly 2,375 people who live in New London borrow under Ohio rules; city hall sets no personal-loan rate.
To lend to New London's 2,375 residents, a company must hold a Ohio licence, and each sourced row below names the regulator behind it. With an estimated 2,375 residents, New London is the 369th-largest of 924 places in Ohio. Price two or three terms so you can see which payment is truly affordable in New London. From the 2020 Census base to the 2023 estimate, the population declined by about 1.7%. Borrowers who want a bigger city can look to Wellington, OH about 11 miles away.
Where New London stands
What follows is New London's place in the Census record, alongside the Ohio rules that govern a personal loan made here.
- Population: the Census counts 2,375 residents in New London (Vintage 2023 subcounty estimate), the 369th-largest figure among Ohio's 924 places.
- Population trend: A decline of about 1.7% across the 2020-to-2023 comparison.
- Net change: roughly 42 fewer people than the 2020 Census counted.
- Size percentile: about 60% of Ohio's Census places are smaller than New London.
- Population density: about 1,077 people per square mile across 2.2 square miles of land (Census Gazetteer area, Vintage 2023 population).
- Land area: New London covers 2.2 square miles, the 344th-largest area among Ohio's 924 places.
- Water area: New London has 0.33 square miles of water, ranking 34th of 924 places in Ohio.
- Within Ohio: about 0.0% of the state's population lives in New London.
- National rank: New London is the 7,016th most populous of the 19,457 Census places covered here.
- Growth in Ohio: New London stands 671st by percentage change from 2020 to 2023, among 924 places.
- Against the state trend: New London's 1.7% change compares with a Ohio average of +0.9% across its 924 places.
- Density rank: New London is the 566th most densely settled place in Ohio.
- Against the state median: New London runs about 1,077 residents per square mile, where the Ohio median is 1,289.
- Location: coordinates 41.0797, -82.4062 (US Census Bureau Gazetteer).
- Nearest larger cities: Wellington (11 mi); Ashland (15 mi); Norwalk (16 mi); Willard (17 mi); Oberlin (17 mi). A branch is convenient; it is not what sets your APR.
- Smaller communities within reach: Rochester (6 mi); Greenwich (7 mi); Savannah (8 mi).
- Smaller places within 50 miles: 83 of them.
- At 100 miles: 277 larger Census places fall inside that radius.
How a New London personal loan is priced
In New London, a small community of about 2,375, the amount is advanced up front and repaid in fixed installments; the city's size does not change the pricing. The APR tracks your credit score rather than New London's rank of 369th in Ohio: a strong file may earn a single-digit rate, while damaged credit can push the rate far higher. Shortening the term on a New London loan raises the monthly payment but cuts the interest; lengthening it does the reverse.
New London in state context
New London is the 369th-largest of 924 Census places in Ohio and contains about 0.0% of the state's people. Its 2020-to-2023 change ranks 671st of 924 Ohio places, putting it near the 27th percentile for growth. At about 1,077 people per square mile, New London is the 566th most densely settled place in Ohio. In land area, New London ranks 344th among Ohio's 924 places.
Borrowing reach in New London
New London is a moderately settled community of about 2,375 people, with 79 larger places inside a 50-mile radius. Lenders licensed in Ohio reach New London's 2,375 residents online, so the nearest branch is not what sets your APR. The nearest bigger place is Wellington, OH about 11 miles away.
Ohio rules behind a New London personal loan
For the roughly 2,375 residents of New London, the rules below are Ohio's own; each row carries its publisher and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Ohio Department of Commerce, Division of Financial Institutions (Consumer Finance Section). Source says: "The Consumer Finance Section is responsible for regulating non-depository consumer lenders and related consumer finance businesses." | Ohio Department of Commerce - Division of Financial Institutions as of 2026-09-16 |
| Payday lending status | Legal for licensed short-term lenders; interest capped at 28% per annum; total fees and charges capped at 60% of the originally contracted loan amount. Source says: "(A) Interest not exceeding a rate of twenty-eight per cent per annum" (Ohio Rev. Code 1321.40); total fees/charges capped at "a total amount of fees and charges that exceeds sixty per cent of the originally contracted loan amount" (1321.403). | Ohio Laws (Ohio Revised Code - official state publication) as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer finance licenses required for non-depository lenders, including Consumer Installment Loan Act lenders, General Loan Law lenders, short-term lenders, and small loan lenders. Source says: "We issue and manage licenses for companies and individuals under multiple Ohio statutes." (page's regulated-statutes list names Consumer Installment Loan Act lenders, General Loan Law lenders, Short-term lenders, Small loan lenders). | Ohio Department of Commerce - Division of Financial Institutions as of 2026-09-16 |
New London: area, density and distance
New London covers about 2.2 square miles of land, with 0.33 square miles of water inside its boundaries (Census Gazetteer). The resulting density is about 1,077 people per square mile. For the state's biggest city, Columbus, the distance is roughly 82 miles. A 50-mile radius around New London takes in 79 places that are larger. Within the same 50 miles lie 83 smaller Census places.
Common questions
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Nearby places
- Rochester, OH — population 160
- Savannah, OH — population 323
- Greenwich, OH — population 1,389
- Bailey Lakes, OH — population 346
- Wakeman, OH — population 1,010
- Wellington, OH — population 4,851
- North Fairfield, OH — population 456
- Kipton, OH — population 207