Personal loans in Shelton, CT
Shelton, Connecticut — home to about 42,144 people — is a smaller city, so the terms you are offered follow Connecticut law rather than any local rule.
An estimated 42,144 people make their home in Shelton, a figure that ranks 13th in Connecticut. Census figures put the 2020-to-2023 increase in Shelton at about 3.1%. If debt is already a strain, a nonprofit credit counsellor can help Shelton residents before they take on more. Borrowers who want a bigger city can look to Bridgeport, CT about 9 miles away. Lenders active in Shelton report to a Connecticut supervisor, identified in the sourced rows below.
Where Shelton stands
Shelton is a smaller city; the notes below cover its population profile and the statewide rules that apply.
- Population: 42,144 people, a figure that places Shelton 13th among the 29 Census places in Connecticut (US Census Bureau, Vintage 2023).
- Population trend: About 3.1% above the 2020 Census base.
- Change in people: the 2020-to-2023 comparison is a gain of about 1,261 residents.
- Size percentile: Shelton's 42,144 people outrank roughly 55% of the places in Connecticut.
- Density: roughly 1,376 residents per square mile, spread over 30.6 sq mi of land.
- Land area: Shelton covers 30.6 square miles, the 5th-largest area among Connecticut's 29 places.
- Water area rank: Shelton ranks 10th among Connecticut's 29 places, with 1.27 sq mi.
- Share of state population: Shelton's 42,144 residents are about 3.1% of Connecticut.
- National standing: Shelton ranks 949th of 19,457 US places.
- Growth in Connecticut: Shelton stands 2nd by percentage change from 2020 to 2023, among 29 places.
- State comparison: Connecticut's places average +2.5% for 2020-to-2023, against Shelton's 3.1%.
- Density rank: Shelton places 22nd among Connecticut's places by people per square mile.
- Density in context: Shelton's 1,376 people per square mile sit against a Connecticut median of 2,915.
- Location: mapped by the US Census Bureau at 41.3046, -73.1392.
- Nearest larger cities: Bridgeport (9 mi); West Haven (9 mi); New Haven (11 mi); Waterbury (18 mi); Danbury (19 mi). Online lenders reach Shelton no matter how far the nearest branch is.
- Smaller places close by: Derby (3 mi); Ansonia (5 mi); Woodmont (9 mi).
- Smaller neighbours: 149 places smaller than Shelton sit within 50 miles.
- Larger places within 100 miles: 47.
Shelton: area, density and distance
Shelton covers about 30.6 square miles of land, with 1.27 square miles of water inside its boundaries (Census Gazetteer). The resulting density is about 1,376 people per square mile. Bridgeport, the largest place in Connecticut, is about 9 miles from Shelton. Shelton has 17 larger places within a 50-mile radius. The 100-mile radius contains 47 larger places.
How Connecticut law applies in Shelton
For the roughly 42,144 residents of Shelton, the rules below are Connecticut's own; each row carries its publisher and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Connecticut Department of Banking Source says: "The Department of Banking considers payday loan companies as unlicensed small loan lenders". | Connecticut Department of Banking as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 12% per annum (consumer loans; statutory exceptions apply, e.g., banks, credit unions, small loan licensees) Source says: "charge, demand, accept or make any agreement to receive therefor interest at a rate greater than twelve per cent per annum". | Connecticut General Assembly — C.G.S. § 37-4 as of 2026-09-16 |
| Payday lending status | Not permitted — payday loans (small loans at more than 12% APR) are void and unenforceable unless made by exempt persons; licensed small loan companies may charge up to 36% APR Source says: "Connecticut Banking Law considers such loans as void and unenforceable"; "Small Loan licensees can charge up to 36% annual percentage rate (APR)". | Connecticut Department of Banking as of 2026-09-16 |
Getting a loan in Shelton
At roughly 1,376 people per square mile, Shelton is moderately settled; 17 larger places lie within 50 miles. A Connecticut licence lets a lender serve Shelton without a local office, so branch density does not change what its 42,144 residents are offered. The nearest larger city, Bridgeport, CT about 9 miles away.
How personal loans work in Shelton
In Shelton, a smaller city of about 42,144, the amount is advanced up front and repaid in fixed installments; the city's size does not change the pricing. Because pricing is borrower-level, two people in Shelton can be quoted different APRs on the same amount and term. Because the payment is fixed, the total cost of a Shelton loan is knowable in advance — unlike a revolving card balance.
Where Shelton sits in Connecticut
Set beside Connecticut's 29 places, Shelton ranks 13th by population and holds about 3.1% of the state total. Its 2020-to-2023 change ranks 2nd of 29 Connecticut places, putting it near the 93th percentile for growth. At about 1,376 people per square mile, Shelton is the 22nd most densely settled place in Connecticut. Within 50 miles sit 149 smaller Census places, alongside the 17 that are larger.
Common questions
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Nearby places
- Derby, CT — population 12,406
- Ansonia, CT — population 19,008
- Bridgeport, CT — population 148,028
- Woodmont, CT — population 2,372
- West Haven, CT — population 54,790
- Naugatuck, CT — population 31,820
- Newtown, CT — population 1,953
- New Haven, CT — population 135,319