Personal loans in Canton, MO
Consumer lending that reaches Canton's 2,736 residents is governed by Missouri statute; no city ordinance changes it. Canton is home to roughly 2,736 people and stands 197th by size out of 937 Census places in Missouri. A personal loan in Canton is priced from your credit file and income, not from the fact that the city holds 2,736 people. From the 2020 Census base to the 2023 estimate, the population declined by about 1.2%. Pull your credit reports and line up at least three offers before you apply from Canton. The closest larger place is Quincy, IL about 16 miles away.
Canton: population, trend and location
Only a few things actually differ by place — population, area, location, and the Missouri rules a lender must follow — and they are below.
- Population: 2,736 people, a figure that places Canton 197th among the 937 Census places in Missouri (US Census Bureau, Vintage 2023).
- Population trend: Lower by roughly 1.2% since the 2020 count.
- Absolute change: 34 residents lost between 2020 and 2023.
- Size percentile: Canton sits ahead of around 79% of Missouri places, at 2,736 people.
- Population density: about 1,197 people per square mile (Census land area 2.3 sq mi).
- Land area: Canton covers 2.3 square miles, the 248th-largest area among Missouri's 937 places.
- Water area rank: Canton ranks 37th among Missouri's 937 places, with 0.30 sq mi.
- State population share: Canton accounts for about 0.1% of everyone in Missouri.
- National rank: Canton sits 6,569th by population among the 19,457 places in this dataset.
- Growth rank: Canton's 2020-to-2023 change ranks 676th of 937 places in Missouri.
- State comparison: Missouri's places average +0.8% for 2020-to-2023, against Canton's 1.2%.
- Density rank: Canton is the 215th most densely settled place in Missouri.
- Against the state median: Canton runs about 1,197 residents per square mile, where the Missouri median is 743.
- Location: 40.1299, -91.5258 (US Census Bureau Gazetteer).
- Nearest larger cities: Quincy (16 mi); Keokuk (20 mi); Palmyra (23 mi); Hannibal (30 mi); Fort Madison (35 mi). Lenders licensed in the state serve Canton whether or not they keep a local branch.
- Smaller communities close by: La Grange (6 mi); Lima (8 mi); Ursa (9 mi), each with its own Census population profile.
- Smaller neighbours: 94 places smaller than Canton sit within 50 miles.
- Within 100 miles: 51 places are larger than Canton.
Steps to take before a Canton loan
For Canton's roughly 2,736 residents, these are the steps that most influence the offer:
- 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.
- Shop at least three lenders and judge them on APR and total cost.
- Look the lender up in the Missouri regulator's licence records before you sign.
- Choose a term you can live with; stretching it lowers the payment but raises total interest.
- Borrow only what the purpose requires, not the maximum you are offered.
- Write down the purpose of the loan and your repayment plan before you apply.
None of these steps is Canton-specific: the same Missouri licensing and disclosure rules reach all 2,736 residents.
The state rulebook for Canton
Missouri has no separate rate rule for Canton; the sourced rows below are what reach every lender that serves its 2,736 people.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Missouri Division of Finance (Department of Commerce and Insurance) Source says: "We regulate state-chartered banks, trust companies, consumer credit facilities, mortgage brokers, and savings and loan institutions" | Missouri Division of Finance as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 10% per annum, or the higher published 'market rate' (RSMo § 408.030) Source says: "a rate of interest not exceeding ten percent per annum on money due or to become due upon any contract" | Missouri Revisor of Statutes as of 2026-09-16 |
| Payday lending status | Legal and licensed — unsecured loans of $500 or less require a license from the Director of the Division of Finance (RSMo § 408.500) Source says: "in the business of making unsecured loans of five hundred dollars or less shall obtain a license from the director of the division of finance" | Missouri Revisor of Statutes as of 2026-09-16 |
How a Canton personal loan is priced
Most loans made to Canton's 2,736 residents are unsecured, so nothing is pledged and the lender relies on your credit history. A lender serving Canton's 2,736 residents must disclose the APR and finance charge in writing before you sign. Shortening the term on a Canton loan raises the monthly payment but cuts the interest; lengthening it does the reverse.
Where Canton sits in Missouri
Set beside Missouri's 937 places, Canton ranks 197th by population and holds about 0.1% of the state total. For population change between 2020 and 2023, Canton ranks 676th of 937 in Missouri (about the 28th percentile). At about 1,197 people per square mile, Canton is the 215th most densely settled place in Missouri. In land area, Canton ranks 248th among Missouri's 937 places.
What is available to Canton borrowers
Canton is moderately settled, with about 1,197 people per square mile and 5 larger places within 50 miles. Distance to a branch rarely matters for Canton's 2,736 residents: the application is online and the price follows your credit file. For a larger market, the closest option is Quincy, IL about 16 miles away.
Common questions
What are my options in Canton if my credit is poor?
What loan size can I expect in Canton?
Do I have to pledge anything to borrow in Canton?
Does comparing loans in Canton cost me credit score points?
Nearby places
- La Grange, MO — population 803
- Lima, IL — population 144
- Ursa, IL — population 592
- Monticello, MO — population 104
- Ewing, MO — population 390
- Alexandria, MO — population 106
- Warsaw, IL — population 1,473
- Mendon, IL — population 851