Personal loans in Spencerville, OH

Population in Spencerville dropped about 1.9% over the three years from 2020 to 2023. Spencerville counts about 2,164 people, and what is genuinely local about borrowing here is limited — Ohio law does the governing.

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.

Spencerville is one of 924 Census places in Ohio; its 2,164 residents put it at 384th. The closest larger place is Delphos, OH about 10 miles away. Lenders active in Spencerville report to a Ohio supervisor, identified in the sourced rows below. Decide the purpose of the loan and your repayment plan before sharing any details with a Spencerville lender.

Spencerville: population, trend and location

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

How lenders reach Spencerville

At roughly 2,242 people per square mile, Spencerville is fairly dense; 38 larger places lie within 50 miles. Whether Spencerville has a local branch or not, a Ohio-licensed lender can serve its 2,164 people online on the same terms. The nearest bigger place is Delphos, OH about 10 miles away.

The state rulebook for Spencerville

The rows below set out what a licensed lender must follow in Ohio, and so for Spencerville's roughly 2,164 residents.

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

The geography behind Spencerville

The Census Gazetteer records about 1.0 square miles of land within Spencerville, with no significant water area listed. With 2,164 residents, the land area yields roughly 2,242 people per square mile. Columbus, the largest place in Ohio, is about 88 miles from Spencerville. Counting outward 50 miles, 38 larger communities surround Spencerville. Within the same 50 miles lie 124 smaller Census places.

How a Spencerville personal loan is priced

A Spencerville personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 2,164 residents. A lender serving Spencerville's 2,164 residents must disclose the APR and finance charge in writing before you sign. A longer term lowers the monthly payment on a Spencerville loan but raises total interest, so the smallest payment is not the cheapest loan.

Spencerville in state context

Among Ohio's 924 places, Spencerville sits at 384th for population, a share of roughly 0.0% of the state. Its 2020-to-2023 change ranks 700th of 924 Ohio places, putting it near the 24th percentile for growth. Its roughly 2,242 residents per square mile place it 150th among Ohio's places. The population moved by about 41 people between 2020 and 2023, a 1.9% shift.

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