Personal loans in Gratiot, OH

The first question in Gratiot is not the rate on offer but whether the payment fits; about 216 people live here under Ohio lending law. With 216 residents, Gratiot outranks about 12% of the communities in Ohio. Gratiot gained roughly 0.9% in population across the 2020-to-2023 comparison. State law, not city hall, decides what a lender may do to Gratiot's roughly 216 residents, and a state regulator supervises it. Price two or three terms so you can see which payment is truly affordable in Gratiot. The nearest larger city is Hanover, OH about 10 miles away.

By the Personalloaner Editorial Team · Last updated 2026-09-16

Compare loan offers Run the numbers first

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Gratiot: population, trend and location

Two layers matter for a Gratiot borrower: the local population picture and Ohio's consumer-lending statutes.

Population: 216 — Gratiot ranks 816th of 924 communities in Ohio (US Census Bureau, Vintage 2023).
Population trend: Higher by roughly 0.9% since the 2020 count.
Absolute change: 2 residents added between 2020 and 2023.
Size percentile: about 12% of Ohio's Census places are smaller than Gratiot.
Density: the Census land area of 0.1 sq mi holds about 1,612 people per square mile.
By land area: Gratiot ranks 889th among Ohio's 924 places, at 0.1 sq mi.
Share of Ohio: Gratiot holds about 0.0% of the state's population, some 216 people.
National standing: Gratiot ranks 16,233rd of 19,457 US places.
Growth rank: Gratiot's 2020-to-2023 change ranks 151st of 924 places in Ohio.
Against the state trend: Gratiot's 0.9% change compares with a Ohio average of +0.9% across its 924 places.
Density rank: Gratiot is the 313th most densely settled place in Ohio.
Density in context: Gratiot's 1,612 people per square mile sit against a Ohio median of 1,289.
Location: latitude 39.9515, longitude -82.2168 (Census Gazetteer).
Nearest larger cities: Hanover (10 mi); Zanesville (11 mi); Somerset (11 mi); South Zanesville (11 mi); Thornville (11 mi). A branch is convenient; it is not what sets your APR.
Nearest smaller towns: Glenford (7 mi); Fultonham (8 mi); West Rushville (18 mi) — useful context for the surrounding area.
Within a 50-mile radius: 20 smaller Census places.
Larger places within 100 miles: 468.

Where Gratiot sits

Gratiot's land area is roughly 0.1 square miles, and the Gazetteer records no significant water area within it. The resulting density is about 1,612 people per square mile. The largest place in Ohio, Columbus, lies about 41 miles away. A 50-mile radius around Gratiot takes in 122 places that are larger. Within the same 50 miles lie 20 smaller Census places.

Which Ohio laws govern a loan in Gratiot

Every row below records a Ohio rule, its publisher and its retrieval date — the same rules a Gratiot lender must follow.

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

How personal loans work in Gratiot

In Gratiot, a small community of about 216, the amount is advanced up front and repaid in fixed installments; the city's size does not change the pricing. Federal Truth in Lending rules require a Gratiot lender to disclose the APR and finance charge before you sign. Shortening the term on a Gratiot loan raises the monthly payment but cuts the interest; lengthening it does the reverse.

How Gratiot compares across Ohio

Within Ohio, Gratiot holds roughly 0.0% of all residents, the 816th-largest share among 924 places. For population change between 2020 and 2023, Gratiot ranks 151st of 924 in Ohio (about the 84th percentile). At about 1,612 people per square mile, Gratiot is the 313th most densely settled place in Ohio. By land area, its 0.1 square miles rank 889th of 924 places in Ohio.

What to do before borrowing in Gratiot

For Gratiot's roughly 216 residents, these are the steps that most influence the offer:

Pull your credit reports first and correct any error before a lender sees the file.
Test your amount and term in the personal loan calculator first.
Gather at least three pre-qualified offers and line up the APR, not the headline rate.
Confirm the lender holds a Ohio licence by checking the regulator named above.
Decide the purpose and how you will repay it before approaching any lender.
When debt already feels heavy, a nonprofit credit counsellor is worth a call first.
Look for an origination fee or prepayment penalty in the written disclosure.

The process is identical across Ohio; what changes is your credit file, not the fact that Gratiot holds 216 people.

Compare personal loan offers Run the numbers first

Common questions

What are my options in Gratiot if my credit is poor?

Borrowing is still possible, but expect a higher APR and a smaller approved amount. Lenders that accept lower scores hold statewide licences, so what is open to you in Gratiot is the same as anywhere in Ohio.

What loan size can I expect in Gratiot?

Most personal loans sit somewhere between $1,000 and $50,000, though the figure you are approved for turns on the lender, your income and your credit. Model the monthly payment first with our personal loan calculator.

Do I have to pledge anything to borrow in Gratiot?

For an unsecured personal loan, no — there is nothing to pledge. A secured loan, such as home equity or one secured by a vehicle, does require collateral, and default puts that asset at risk.

Does comparing loans in Gratiot cost me credit score points?

Not during pre-qualification, which normally uses a soft pull and leaves your score alone. Submitting a full application triggers a hard inquiry, which can trim a few points briefly.

Nearby places

Glenford, OH — population 164
Fultonham, OH — population 112
Hanover, OH — population 1,317
Somerset, OH — population 1,473
Frazeysburg, OH — population 1,352
Roseville, OH — population 1,740
Zanesville, OH — population 24,651
South Zanesville, OH — population 1,902