Personal loans in Parma Heights, OH

For a borrower among the roughly 20,431 residents of Parma Heights, a personal loan is a tool whose cost turns on the terms, not the address. Parma Heights lost roughly 2.0% of its population across the 2020-to-2023 comparison.

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

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Roughly 20,431 residents live in Parma Heights, the 83rd-largest community in Ohio. Read the disclosure for an origination fee and any prepayment penalty before signing in Parma Heights. Lenders active in Parma Heights report to a Ohio supervisor, identified in the sourced rows below. Borrowers who want a bigger city can look to Parma, OH about 2 miles away.

Parma Heights: population, trend and location

Parma Heights is a smaller city; the notes below cover its population profile and the statewide rules that apply.

Population: 20,431 residents; Parma Heights is the 83rd-largest of 924 places in Ohio (US Census Bureau, Vintage 2023).
Population trend: Lower by roughly 2.0% since the 2020 count.
Change in people: the 2020-to-2023 comparison is a loss of about 415 residents.
Size percentile: about 91% of Ohio communities are smaller than Parma Heights (20,431 residents).
Density: roughly 4,868 residents per square mile, spread over 4.2 sq mi of land.
Land area: Parma Heights covers 4.2 square miles, the 237th-largest area among Ohio's 924 places.
State population share: Parma Heights accounts for about 0.3% of everyone in Ohio.
National rank: Parma Heights is the 1,850th most populous of the 19,457 Census places covered here.
Growth rank: Parma Heights ranks 720th among Ohio's 924 places for the 2020-to-2023 change.
Versus Ohio: the state average change is +0.9%, while Parma Heights moved 2.0%.
Density rank: Parma Heights is the 14th most densely settled place in Ohio.
Against the state median: Parma Heights runs about 4,868 residents per square mile, where the Ohio median is 1,289.
Location: 41.3834, -81.7613 (Census Gazetteer coordinates).
Nearest larger cities: Parma (2 mi); North Royalton (5 mi); Strongsville (6 mi); Lakewood (7 mi); Cleveland (8 mi). A bigger neighbour may offer more branches; the rate you see still follows your credit, not your address.
Nearest smaller towns: Middleburg Heights (3 mi); Brook Park (3 mi); Brooklyn (4 mi).
Smaller places within 50 miles: 145 of them.
At 100 miles: 59 larger Census places fall inside that radius.

How a Parma Heights personal loan is priced

Most loans made to Parma Heights's 20,431 residents are unsecured, so nothing is pledged and the lender relies on your credit history. Because pricing is borrower-level, two people in Parma Heights can be quoted different APRs on the same amount and term. Shortening the term on a Parma Heights loan raises the monthly payment but cuts the interest; lengthening it does the reverse.

A pre-application checklist for Parma Heights

These steps shape the offer you get in Parma Heights, a place of about 20,431 people:

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.
Get several pre-qualifications and compare APR side by side before choosing.
Verify the lender's Ohio licence with the regulator listed on this page.
If the balances are already a strain, seek nonprofit credit counselling before adding a loan.
Read the disclosure for an origination fee and any prepayment penalty before signing.
Check that the monthly payment fits your budget next to your existing obligations.

What differs between Parma Heights and the rest of Ohio is not the process but the borrower's own file, among the 20,431 people here.

What is available to Parma Heights borrowers

With about 4,868 residents per square mile, Parma Heights is fairly dense, and 38 larger Census places sit within 50 miles. A Ohio licence lets a lender serve Parma Heights without a local office, so branch density does not change what its 20,431 residents are offered. The nearest larger city, Parma, OH about 2 miles away.

Where Parma Heights sits

The Census Gazetteer records about 4.2 square miles of land within Parma Heights, with no significant water area listed. That land carries about 4,868 people per square mile. The largest place in Ohio, Columbus, lies about 116 miles away. Within 50 miles of Parma Heights there are 38 larger Census places. The 100-mile radius contains 59 larger places.

How Ohio law applies in Parma Heights

The rows below set out what a licensed lender must follow in Ohio, and so for Parma Heights's roughly 20,431 residents.

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
Payday lending status	Legal for licensed short-term lenders; interest capped at 28% per annum; total fees and charges capped at 60% of the originally contracted loan amount. Source says: "(A) Interest not exceeding a rate of twenty-eight per cent per annum" (Ohio Rev. Code 1321.40); total fees/charges capped at "a total amount of fees and charges that exceeds sixty per cent of the originally contracted loan amount" (1321.403).	Ohio Laws (Ohio Revised Code - official state publication) 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

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Common questions

What are my options in Parma Heights 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 Parma Heights is the same as anywhere in Ohio.

What loan size can I expect in Parma Heights?

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 Parma Heights?

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 Parma Heights 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

Parma, OH — population 78,951
Brooklyn, OH — population 11,022
Middleburg Heights, OH — population 15,597
Linndale, OH — population 110
Brook Park, OH — population 18,063
North Royalton, OH — population 30,687
Seven Hills, OH — population 11,499
Strongsville, OH — population 45,511