Personal loans in Ravenna, OH

A lender serving Ravenna holds a Ohio licence and answers to a Ohio regulator; no city office is involved for its 11,215 residents. Get pre-qualified with several lenders, then compare APR rather than the headline rate for a Ravenna loan.

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.

An estimated 11,215 people make their home in Ravenna, a figure that ranks 158th in Ohio. State law, rather than federal rules alone, supplies the rate caps and licensing rules that reach Ravenna's 11,215 residents. The 2020 count to the 2023 estimate shows about 1.0% decline in Ravenna. The closest larger place is Kent, OH about 6 miles away.

What the Census records for Ravenna

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

Before you apply in Ravenna

Before you apply in Ravenna, a community of about 11,215, work through these steps:

  1. Start with the credit file: order the reports, fix the errors, then apply.
  2. Use the loan calculator to test the payment on your intended amount and term.
  3. Pre-qualify with three or more lenders, then compare the APR rather than the interest rate.
  4. Look the lender up in the Ohio regulator's licence records before you sign.
  5. Pick the shortest term whose payment you can comfortably afford.
  6. Do not borrow more than the expense calls for, even if a lender approves a larger amount.
  7. Be clear on what the loan is for and how it gets repaid.

What differs between Ravenna and the rest of Ohio is not the process but the borrower's own file, among the 11,215 people here.

The Ohio lending rules that reach Ravenna

These are Ohio's sourced lending facts as they reach Ravenna's 11,215 residents; the state has no city-level rate rule.

RuleDetailSource
State lending regulatorOhio 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 statusLegal 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 licensingConsumer 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

What is available to Ravenna borrowers

With about 1,991 residents per square mile, Ravenna is moderately settled, and 72 larger Census places sit within 50 miles. Distance to a branch rarely matters for Ravenna's 11,215 residents: the application is online and the price follows your credit file. The nearest larger city, Kent, OH about 6 miles away.

Where Ravenna sits

Ravenna's land area is about 5.6 square miles; a further 0.05 square miles is water. The resulting density is about 1,991 people per square mile. Columbus, the largest place in Ohio, is about 122 miles from Ravenna. A 50-mile radius around Ravenna takes in 72 places that are larger. Within the same 50 miles lie 161 smaller Census places.

How a Ravenna personal loan is priced

A Ravenna personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 11,215 residents. Federal Truth in Lending rules require a Ravenna lender to disclose the APR and finance charge before you sign. The term you choose in Ravenna decides the split between a comfortable payment and the total interest you pay.

Compare personal 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.

Common questions

What are my options in Ravenna 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 Ravenna is the same as anywhere in Ohio.
What loan size can I expect in Ravenna?
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 Ravenna?
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 Ravenna 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.

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