Personal loans in Gloucester, MA

Gloucester is a smaller city of about 29,959 residents, and a personal loan taken out here is governed by Massachusetts statute. About 29,959 people live in Gloucester, placing it 42nd of 54 Census places in Massachusetts. Population in Gloucester climbed about 0.8% over the three years from 2020 to 2023. Judge Gloucester offers on total cost, not on how quickly the money arrives. The nearest larger metro is Beverly, MA about 10 miles away.

Gloucester: the sourced local profile

Only a few things actually differ by place — population, area, location, and the Massachusetts rules a lender must follow — and they are below.

• Population: 29,959 — Gloucester ranks 42nd of 54 communities in Massachusetts (US Census Bureau, Vintage 2023).
• Population trend: Higher by roughly 0.8% since the 2020 count.
• Change in people: the 2020-to-2023 comparison is a gain of about 228 residents.
• Size percentile: Gloucester's 29,959 people outrank roughly 22% of the places in Massachusetts.
• Density: the Census land area of 26.2 sq mi holds about 1,144 people per square mile.
• Land area rank: Gloucester's 26.2 square miles rank 18th of 54 places in Massachusetts.
• Water area rank: Gloucester ranks 3rd among Massachusetts's 54 places, with 15.32 sq mi.
• Share of state population: Gloucester's 29,959 residents are about 0.8% of Massachusetts.
• National standing: Gloucester ranks 1,321st of 19,457 US places.
• Growth rank: Gloucester ranks 9th among Massachusetts's 54 places for the 2020-to-2023 change.
• Against the state trend: Gloucester's 0.8% change compares with a Massachusetts average of -0.7% across its 54 places.
• Density in Massachusetts: Gloucester ranks 44th by people per square mile.
• Against the state median: Gloucester runs about 1,144 residents per square mile, where the Massachusetts median is 2,833.
• Location: 42.6288, -70.6859 (US Census Bureau Gazetteer).
• Nearest larger cities: Beverly (10 mi); Salem (14 mi); Peabody (16 mi); Lynn (18 mi); Revere (21 mi). A branch is convenient; it is not what sets your APR.
• Nearest smaller places: Newburyport (16 mi); Melrose (22 mi); Winthrop Town (23 mi).
• Smaller places within 50 miles: 6 of them.
• Within 100 miles: 48 places are larger than Gloucester.

Gloucester on the map

Gloucester covers about 26.2 square miles of land, with 15.32 square miles of water inside its boundaries (Census Gazetteer). The resulting density is about 1,144 people per square mile. The state's population centre of gravity, Boston, is roughly 26 miles away. A 50-mile radius around Gloucester takes in 29 places that are larger. By land area it ranks 18th of 54 Massachusetts places.

Getting a loan in Gloucester

With about 1,144 residents per square mile, Gloucester is moderately settled, and 29 larger Census places sit within 50 miles. Distance to a branch rarely matters for Gloucester's 29,959 residents: the application is online and the price follows your credit file. The nearest bigger place is Beverly, MA about 10 miles away.

The state rulebook for Gloucester

For the roughly 29,959 residents of Gloucester, the rules below are Massachusetts's own; each row carries its publisher and retrieval date.

How personal loans work in Gloucester

In Gloucester, a smaller city of about 29,959, the amount is advanced up front and repaid in fixed installments; the city's size does not change the pricing. A lender serving Gloucester's 29,959 residents must disclose the APR and finance charge in writing before you sign. The term you choose in Gloucester decides the split between a comfortable payment and the total interest you pay.

A pre-application checklist for Gloucester

A sensible order of operations for a loan in Gloucester, home to about 29,959 people:

1. Check all three credit reports for mistakes, because an error you fix now is a lower rate later.
2. Run the numbers on the personal loan calculator so you know the payment before you apply.
3. Collect three or more offers and compare them on APR, not on the advertised rate.
4. Check the Massachusetts regulator's records to confirm the lender is licensed here.
5. Look for an origination fee or prepayment penalty in the written disclosure.
6. Test the payment against your current bills before you commit.
7. Weigh a shorter term's higher payment against the interest it saves.

In Gloucester as elsewhere in Massachusetts, the written terms — not the advertisement — are what count for its 29,959 residents.