Personal loans in Somerset, OH

Somerset is a small community in Ohio, with an estimated 1,473 residents, and every licensed lender here follows the same state rulebook. Use the calculator on this page to price an amount and term before you commit in Somerset. A single loan can carry different costs on either side of a state line, and Somerset sits on the Ohio side of that line. Borrowers who want a bigger city can look to New Lexington, OH about 8 miles away.

Borrowing in Somerset: the local picture

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

• Population: about 1,473, ranked 455th of 924 places in Ohio (Census Vintage 2023 subcounty estimate).
• Population trend: Lower by roughly 0.6% since the 2020 count.
• Change in people: the 2020-to-2023 comparison is a loss of about 9 residents.
• Size percentile: Somerset sits ahead of around 51% of Ohio places, at 1,473 people.
• Population density: about 1,264 people per square mile (Census land area 1.2 sq mi).
• Land area: Somerset covers 1.2 square miles, the 485th-largest area among Ohio's 924 places.
• State share: roughly 0.0% of Ohio's residents live in Somerset (1,473 people).
• National rank: Somerset is the 8,745th most populous of the 19,457 Census places covered here.
• Growth rank: Somerset ranks 371st among Ohio's 924 places for the 2020-to-2023 change.
• Against the state trend: Somerset's 0.6% change compares with a Ohio average of +0.9% across its 924 places.
• Density in Ohio: Somerset ranks 477th by people per square mile.
• Against the state median: Somerset runs about 1,264 residents per square mile, where the Ohio median is 1,289.
• Location: 39.8066 / -82.2996, per the US Census Bureau Gazetteer.
• Nearest larger cities: New Lexington (8 mi); Bremen (10 mi); Crooksville (11 mi); Roseville (12 mi); Buckeye Lake (13 mi). A bigger neighbour may offer more branches; the rate you see still follows your credit, not your address.
• Smaller communities within reach: Glenford (6 mi); Junction City (6 mi); Rushville (8 mi).
• Smaller places within 50 miles: 75 of them.
• At 100 miles: 215 larger Census places fall inside that radius.

Somerset on the map

Somerset's land area is roughly 1.2 square miles, and the Gazetteer records no significant water area within it. Spread across it are roughly 1,264 residents per square mile. Columbus, the largest place in Ohio, is about 38 miles from Somerset. A 50-mile radius around Somerset takes in 61 places that are larger. By land area it ranks 485th of 924 Ohio places.

Lender access in Somerset

Somerset is moderately settled, with about 1,264 people per square mile and 61 larger places within 50 miles. Whether Somerset has a local branch or not, a Ohio-licensed lender can serve its 1,473 people online on the same terms. The nearest larger city, New Lexington, OH about 8 miles away.

The Ohio lending rules that reach Somerset

Read the table as a lender's compliance picture for Somerset: the rule, the sourced figure, the publisher and the date.

Somerset's place among Ohio's 924 places

Within Ohio, Somerset holds roughly 0.0% of all residents, the 455th-largest share among 924 places. For population change between 2020 and 2023, Somerset ranks 371st of 924 in Ohio (about the 60th percentile). By density, at about 1,264 people per square mile, it ranks 477th in Ohio. Between 2020 and 2023 the count changed by roughly 9 residents.

What to do before borrowing in Somerset

Before you hand your details to a lender in Somerset, where the population is near 1,473:

1. Start with the credit file: order the reports, fix the errors, then apply.
2. Price the payment first with our personal loan calculator before any lender quotes you.
3. Shop at least three lenders and judge them on APR and total cost.
4. Make sure the lender appears in the Ohio regulator's licence list.
5. Do not borrow more than the expense calls for, even if a lender approves a larger amount.
6. Decide the purpose and how you will repay it before approaching any lender.
7. When debt already feels heavy, a nonprofit credit counsellor is worth a call first.

In Somerset as elsewhere in Ohio, the written terms — not the advertisement — are what count for its 1,473 residents.