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Personal loans in Silver Lake, OH

By population, Silver Lake sits at 359th in Ohio, with an estimated 2,498 residents. The first question in Silver Lake is not the rate on offer but whether the payment fits; about 2,498 people live here under Ohio lending law. Silver Lake shed about 0.8% of its population between the 2020 base and the 2023 estimate. For a community of about 2,498, the practical step is to compare APR across at least three lenders before committing. Consumer lending that reaches Silver Lake's 2,498 residents is governed by Ohio statute; no city ordinance changes it. The nearest larger city is Munroe Falls, OH about 2 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.

Where Silver Lake stands

The figures below are Silver Lake's own — Census population, land area and coordinates — followed by the Ohio rules.

How lenders reach Silver Lake

Silver Lake is a moderately settled community of about 2,498 people, with 132 larger places inside a 50-mile radius. Distance to a branch rarely matters for Silver Lake's 2,498 residents: the application is online and the price follows your credit file. The nearest bigger place is Munroe Falls, OH about 2 miles away.

The geography behind Silver Lake

Silver Lake covers about 1.4 square miles of land, with 0.18 square miles of water inside its boundaries (Census Gazetteer). With 2,498 residents, the land area yields roughly 1,757 people per square mile. The largest place in Ohio, Columbus, lies about 114 miles away. Silver Lake has 132 larger places within a 50-mile radius. By land area it ranks 434th of 924 Ohio places.

How Ohio law applies in Silver Lake

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

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
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
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

Silver Lake against the rest of Ohio

Among Ohio's 924 places, Silver Lake sits at 359th for population, a share of roughly 0.0% of the state. Its 2020-to-2023 change ranks 407th of 924 Ohio places, putting it near the 56th percentile for growth. By density, at about 1,757 people per square mile, it ranks 265th in Ohio. The population moved by about 19 people between 2020 and 2023, a 0.8% shift.

How a Silver Lake personal loan is priced

Silver Lake is a small community of about 2,498 people, and the personal loans written here are mostly unsecured — no collateral, so the lender leans on your credit file. A lender serving Silver Lake's 2,498 residents must disclose the APR and finance charge in writing before you sign. A longer term lowers the monthly payment on a Silver Lake loan but raises total interest, so the smallest payment is not the cheapest loan.

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 Silver Lake 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 Silver Lake is the same as anywhere in Ohio.
What loan size can I expect in Silver Lake?
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 Silver Lake?
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 Silver Lake 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

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