Personal loans in Canfield, OH
The roughly 7,610 people who live in Canfield borrow under Ohio rules; city hall sets no personal-loan rate. An estimated 7,610 people make their home in Canfield, a figure that ranks 204th in Ohio.
A 2020-to-2023 comparison shows Canfield down by about 1.1%. Rate-shopping from Canfield costs nothing at pre-qualification, where a soft pull leaves your credit file alone. The next larger city is Youngstown, OH about 8 miles away. For the 7,610 people in Canfield, Ohio runs its own consumer-lending licensing, and the sourced table below lists the figures that apply.
Local context for Canfield
Here is the sourced Census picture for Canfield, plus the Ohio lending rules that apply to a loan taken out here.
- Population: 7,610 — Canfield ranks 204th of 924 communities in Ohio (US Census Bureau, Vintage 2023).
- Population trend: A loss of roughly 1.1% between 2020 and 2023.
- People gained or lost: about 87 fewer since the 2020 base.
- Size percentile: with 7,610 residents, Canfield is larger than about 78% of Ohio's Census places.
- Land and density: 5.1 square miles of land carry roughly 1,491 residents per square mile.
- Land area rank: Canfield's 5.1 square miles rank 199th of 924 places in Ohio.
- Water area: Canfield has 0.03 square miles of water, ranking 270th of 924 places in Ohio.
- Share of Ohio: Canfield holds about 0.1% of the state's population, some 7,610 people.
- National rank: Canfield is 3,790th of 19,457 places nationwide.
- Growth in Ohio: Canfield stands 499th by percentage change from 2020 to 2023, among 924 places.
- Against the state trend: Canfield's 1.1% change compares with a Ohio average of +0.9% across its 924 places.
- Density rank: Canfield places 361st among Ohio's places by people per square mile.
- Density vs Ohio: Canfield's 1,491 people per square mile compare with a state median of 1,289.
- Location: 41.0296 / -80.7700, per the US Census Bureau Gazetteer.
- Nearest larger cities: Youngstown (8 mi); Struthers (9 mi); Salem (10 mi); Campbell (10 mi); Girard (10 mi). Lenders licensed in the state serve Canfield whether or not they keep a local branch.
- Smaller places close by: Poland (8 mi); Washingtonville (9 mi); McDonald (10 mi).
- Smaller neighbours: 191 places smaller than Canfield sit within 50 miles.
- Within 100 miles: 142 places are larger than Canfield.
Canfield's place among Ohio's 924 places
Set beside Ohio's 924 places, Canfield ranks 204th by population and holds about 0.1% of the state total. On the 2020-to-2023 trend, Canfield stands 499th among Ohio's 924 places — roughly the 46th percentile. Its roughly 1,491 residents per square mile place it 361st among Ohio's places. The population moved by about 87 people between 2020 and 2023, a 1.1% shift.
Canfield on the map
Canfield's land area is about 5.1 square miles; a further 0.03 square miles is water. With 7,610 residents, the land area yields roughly 1,491 people per square mile. For the state's biggest city, Columbus, the distance is roughly 137 miles. Canfield has 48 larger places within a 50-mile radius. Within the same 50 miles lie 191 smaller Census places.
Ohio consumer-lending rules applied in Canfield
Read the table as a lender's compliance picture for Canfield: the rule, the sourced figure, the publisher and the 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 |
| 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 |
| Maximum legal interest rate (usury cap) | 8% per annum maximum by written agreement for the general case; higher rates permitted only in specified cases (e.g., principal over $100,000, business loans, certain mortgages). Source says: "may stipulate therein for the payment of interest upon the amount thereof at any rate not exceeding eight per cent per annum payable annually" (Ohio Rev. Code 1343.01(A)). [codes.ohio.gov content retrieved via search-engine fetch of the official section; direct connections blocked from our network] | Ohio Laws (Ohio Revised Code - official state publication) as of 2026-09-16 |
Inside a Canfield personal loan
In Canfield, a small town of about 7,610, the amount is advanced up front and repaid in fixed installments; the city's size does not change the pricing. Two numbers drive a Canfield loan: the APR, which includes fees, and the term, which decides how long you keep paying. Because the payment is fixed, the total cost of a Canfield loan is knowable in advance — unlike a revolving card balance.
Lender access in Canfield
Canfield is moderately settled, with about 1,491 people per square mile and 48 larger places within 50 miles. A Ohio licence lets a lender serve Canfield without a local office, so branch density does not change what its 7,610 residents are offered. For a larger market, the closest option is Youngstown, OH about 8 miles away.
Common questions
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Nearby places
- Washingtonville, OH — population 701
- McDonald, OH — population 3,129
- Youngstown, OH — population 59,108
- Salem, OH — population 11,715
- Leetonia, OH — population 1,790
- Poland, OH — population 2,423
- Girard, OH — population 9,469
- Niles, OH — population 18,256