Personal loans in Chatham, MI

What the Census records for Chatham

Here is the sourced Census picture for Chatham, plus the Michigan lending rules that apply to a loan taken out here.

• Population: 216 people, a figure that places Chatham 512th among the 533 Census places in Michigan (US Census Bureau, Vintage 2023).
• Population trend: Down about 0.5% from the 2020 Census base to the 2023 estimate.
• Net change: roughly 1 fewer people than the 2020 Census counted.
• Size percentile: bigger than about 4% of the places in Michigan, with 216 residents in Chatham.
• Population density: 88 people per square mile on 2.5 square miles of land.
• By land area: Chatham ranks 201st among Michigan's 533 places, at 2.5 sq mi.
• Share of state population: Chatham's 216 residents are about 0.0% of Michigan.
• National rank: Chatham is the 16,228th most populous of the 19,457 Census places covered here.
• Growth rank: Chatham ranks 252nd among Michigan's 533 places for the 2020-to-2023 change.
• Against the state trend: Chatham's 0.5% change compares with a Michigan average of -0.3% across its 533 places.
• Density in Michigan: Chatham ranks 532nd by people per square mile.
• Against the state median: Chatham runs about 88 residents per square mile, where the Michigan median is 1,078.
• Location: the Census Gazetteer records it at 46.3441, -86.9313.
• Nearest larger cities: Munising (16 mi); Marquette (26 mi); Negaunee (33 mi); Gladstone (34 mi); Ishpeming (36 mi). Larger metros often have more branches, but online lenders reach Chatham on the same terms.
• Smaller communities within reach: Garden (44 mi); Carney (60 mi); Daggett (69 mi).
• Smaller places within 50 miles: 1 of them.
• Within 100 miles: 34 places are larger than Chatham.

Lender access in Chatham

Chatham is a sparsely settled community of about 216 people, with 7 larger places inside a 50-mile radius. Distance to a branch rarely matters for Chatham's 216 residents: the application is online and the price follows your credit file. For a larger market, the closest option is Munising, MI about 16 miles away.

How a Chatham personal loan is priced

Most loans made to Chatham's 216 residents are unsecured, so nothing is pledged and the lender relies on your credit history. Two numbers drive a Chatham loan: the APR, which includes fees, and the term, which decides how long you keep paying. A longer term lowers the monthly payment on a Chatham loan but raises total interest, so the smallest payment is not the cheapest loan.

Michigan consumer-lending rules applied in Chatham

This table holds the Michigan rate and licensing rules for consumer loans made to Chatham's 216 residents.

What to do before borrowing in Chatham

Before you hand your details to a lender in Chatham, where the population is near 216:

1. Start with the credit file: order the reports, fix the errors, then apply.
2. Model the payment on the calculator before a lender models it for you.
3. Pre-qualify with three or more lenders, then compare the APR rather than the interest rate.
4. Make sure the lender appears in the Michigan regulator's licence list.
5. Write down the purpose of the loan and your repayment plan before you apply.
6. If the balances are already a strain, seek nonprofit credit counselling before adding a loan.
7. Read the disclosure for an origination fee and any prepayment penalty before signing.

None of these steps is Chatham-specific: the same Michigan licensing and disclosure rules reach all 216 residents.

Where Chatham sits

Chatham covers about 2.5 square miles of land (Census Gazetteer); no significant water area is recorded inside its boundaries. The resulting density is about 88 people per square mile. Detroit, the largest place in Michigan, is about 333 miles from Chatham. Chatham has 7 larger places within a 50-mile radius. By land area it ranks 201st of 533 Michigan places.