Personal loans in Springfield, MA

Springfield by the numbers

Here is the sourced Census picture for Springfield, plus the Massachusetts lending rules that apply to a loan taken out here.

• Population: 153,672 people, a figure that places Springfield 3rd among the 54 Census places in Massachusetts (US Census Bureau, Vintage 2023).
• Population trend: A loss of roughly 1.4% between 2020 and 2023.
• Net change: roughly 2,257 fewer people than the 2020 Census counted.
• Size percentile: with 153,672 residents, Springfield is larger than about 94% of Massachusetts's Census places.
• Population density: about 4,822 people per square mile (Census land area 31.9 sq mi).
• Land area rank: Springfield's 31.9 square miles rank 10th of 54 places in Massachusetts.
• Water area: Springfield has 1.21 square miles of water, ranking 21st of 54 places in Massachusetts.
• Share of Massachusetts: Springfield holds about 4.2% of the state's population, some 153,672 people.
• National rank: Springfield sits 169th by population among the 19,457 places in this dataset.
• Growth in Massachusetts: Springfield stands 42nd by percentage change from 2020 to 2023, among 54 places.
• Versus Massachusetts: the state average change is -0.7%, while Springfield moved 1.4%.
• Density in Massachusetts: Springfield ranks 21st by people per square mile.
• Against the state median: Springfield runs about 4,822 residents per square mile, where the Massachusetts median is 2,833.
• Location: mapped by the US Census Bureau at 42.1155, -72.5400.
• Nearest larger cities: Worcester (39 mi); Providence (61 mi); Boston (79 mi); Yonkers (106 mi); Paterson (118 mi). A bigger neighbour may offer more branches; the rate you see still follows your credit, not your address.
• Smaller communities within reach: Chicopee (5 mi); West Springfield Town (6 mi); Agawam Town (7 mi).
• Smaller places within 50 miles: 28 of them.
• Larger places within 100 miles: 3.

Borrowing reach in Springfield

Springfield is a fairly dense community of about 153,672 people, with 1 larger places inside a 50-mile radius. Whether Springfield has a local branch or not, a Massachusetts-licensed lender can serve its 153,672 people online on the same terms. For a larger market, the closest option is Worcester, MA about 39 miles away.

Springfield's place among Massachusetts's 54 places

Set beside Massachusetts's 54 places, Springfield ranks 3rd by population and holds about 4.2% of the state total. Its 2020-to-2023 change ranks 42nd of 54 Massachusetts places, putting it near the 22th percentile for growth. By density, at about 4,822 people per square mile, it ranks 21st in Massachusetts. In land area, Springfield ranks 10th among Massachusetts's 54 places.

Which Massachusetts laws govern a loan in Springfield

This table holds the Massachusetts rate and licensing rules for consumer loans made to Springfield's 153,672 residents.

Inside a Springfield personal loan

In Springfield, a sizable city of about 153,672, the amount is advanced up front and repaid in fixed installments; the city's size does not change the pricing. Because pricing is borrower-level, two people in Springfield can be quoted different APRs on the same amount and term. A longer term lowers the monthly payment on a Springfield loan but raises total interest, so the smallest payment is not the cheapest loan.

The geography behind Springfield

Springfield covers about 31.9 square miles of land, with 1.21 square miles of water inside its boundaries (Census Gazetteer). Spread across it are roughly 4,822 residents per square mile. The largest place in Massachusetts, Boston, lies about 79 miles away. Within 50 miles of Springfield there are 1 larger Census places. By land area it ranks 10th of 54 Massachusetts places.