Personal loans in Covington, OK

A personal loan in Covington is priced from your credit file and income, not from the fact that the city holds 469 people. Read the disclosure for an origination fee and any prepayment penalty before signing in Covington. Rate ceilings, licensing requirements and product limits for Covington are all set at the Oklahoma level. The closest larger place is Garber, OK about 9 miles away.

Where Covington stands

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

• Population: 469 people, a figure that places Covington 307th among the 590 Census places in Oklahoma (US Census Bureau, Vintage 2023).
• Population trend: Lower by roughly 0.8% since the 2020 count.
• Net change: roughly 4 fewer people than the 2020 Census counted.
• Size percentile: roughly 48% of Oklahoma's places have fewer residents than Covington's 469.
• Population density: 932 people per square mile on 0.5 square miles of land.
• By land area: Covington ranks 429th among Oklahoma's 590 places, at 0.5 sq mi.
• State share: roughly 0.0% of Oklahoma's residents live in Covington (469 people).
• National rank: Covington is 13,426th of 19,457 places nationwide.
• Growth rank: Covington's 2020-to-2023 change ranks 436th of 590 places in Oklahoma.
• State comparison: Oklahoma's places average +1.3% for 2020-to-2023, against Covington's 0.8%.
• Density rank: Covington places 129th among Oklahoma's places by people per square mile.
• Density in context: Covington's 932 people per square mile sit against a Oklahoma median of 546.
• Location: 36.3075, -97.5864 (Census Gazetteer coordinates).
• Nearest larger cities: Garber (9 mi); Perry (16 mi); Enid (17 mi); Waukomis (18 mi); Billings (18 mi). A branch is convenient; it is not what sets your APR.
• Smaller communities close by: Douglas (6 mi); Fairmont (7 mi); Marshall (11 mi), each with its own Census population profile.
• Smaller places within 50 miles: 44 of them.
• Larger places within 100 miles: 160.

What is available to Covington borrowers

With about 932 residents per square mile, Covington is moderately settled, and 32 larger Census places sit within 50 miles. Lenders licensed in Oklahoma reach Covington's 469 residents online, so the nearest branch is not what sets your APR. For a larger market, the closest option is Garber, OK about 9 miles away.

Inside a Covington personal loan

With roughly 469 residents, Covington is a small community; its personal loans are typically unsecured, priced from your credit rather than the city's size. Federal Truth in Lending rules require a Covington lender to disclose the APR and finance charge before you sign. Because the payment is fixed, the total cost of a Covington loan is knowable in advance — unlike a revolving card balance.

Where Covington sits

The Census Gazetteer records about 0.5 square miles of land within Covington, with no significant water area listed. With 469 residents, the land area yields roughly 932 people per square mile. The state's population centre of gravity, Oklahoma City, is roughly 58 miles away. A 50-mile radius around Covington takes in 32 places that are larger. By land area it ranks 429th of 590 Oklahoma places.

Oklahoma consumer-lending rules applied in Covington

The rows below set out what a licensed lender must follow in Oklahoma, and so for Covington's roughly 469 residents.

Where Covington sits in Oklahoma

Among Oklahoma's 590 places, Covington sits at 307th for population, a share of roughly 0.0% of the state. For population change between 2020 and 2023, Covington ranks 436th of 590 in Oklahoma (about the 26th percentile). At about 932 people per square mile, Covington is the 129th most densely settled place in Oklahoma. In land area, Covington ranks 429th among Oklahoma's 590 places.