Personal loans in Tekonsha, MI
The roughly 668 people who live in Tekonsha borrow under Michigan rules; city hall sets no personal-loan rate. By population, Tekonsha sits at 403rd in Michigan, with an estimated 668 residents. Tekonsha shed about 0.4% of its population between the 2020 base and the 2023 estimate. Rate ceilings, licensing requirements and product limits for Tekonsha are all set at the Michigan level. Read the disclosure for an origination fee and any prepayment penalty before signing in Tekonsha. The nearest larger metro is Union City, MI about 8 miles away.
Borrowing in Tekonsha: the local picture
Read the local figures below as context; read the sourced Michigan table as the rulebook a lender here must follow.
- Population: an estimated 668 residents, 403rd of 533 places in Michigan (Census Vintage 2023 subcounty estimate).
- Population trend: A decline of about 0.4% across the 2020-to-2023 comparison.
- Absolute change: 3 residents lost between 2020 and 2023.
- Size percentile: about 24% of Michigan's Census places are smaller than Tekonsha.
- Density: the Census land area of 1.0 sq mi holds about 673 people per square mile.
- Land area rank: Tekonsha's 1.0 square miles rank 416th of 533 places in Michigan.
- Water area: Tekonsha has 0.05 square miles of water, ranking 220th of 533 places in Michigan.
- Within Michigan: about 0.0% of the state's population lives in Tekonsha.
- National rank: Tekonsha is the 11,997th most populous of the 19,457 Census places covered here.
- Growth rank: Tekonsha ranks 251st among Michigan's 533 places for the 2020-to-2023 change.
- Against the state trend: Tekonsha's 0.4% change compares with a Michigan average of -0.3% across its 533 places.
- Density in Michigan: Tekonsha ranks 394th by people per square mile.
- Density vs Michigan: Tekonsha's 673 people per square mile compare with a state median of 1,078.
- Location: 42.0974, -84.9919 (Census Gazetteer coordinates).
- Nearest larger cities: Union City (8 mi); Homer (10 mi); Coldwater (10 mi); Marshall (11 mi); Quincy (12 mi). Online lenders reach Tekonsha no matter how far the nearest branch is.
- Smaller communities close by: Burlington (4 mi); Sherwood (14 mi); Allen (15 mi), each with its own Census population profile.
- Smaller neighbours: 24 places smaller than Tekonsha sit within 50 miles.
- Within 100 miles: 378 places are larger than Tekonsha.
The anatomy of a Tekonsha personal loan
In Tekonsha, a small community of about 668, the amount is advanced up front and repaid in fixed installments; the city's size does not change the pricing. A lender serving Tekonsha's 668 residents must disclose the APR and finance charge in writing before you sign. A longer term lowers the monthly payment on a Tekonsha loan but raises total interest, so the smallest payment is not the cheapest loan.
What is available to Tekonsha borrowers
At roughly 673 people per square mile, Tekonsha is moderately settled; 84 larger places lie within 50 miles. Distance to a branch rarely matters for Tekonsha's 668 residents: the application is online and the price follows your credit file. The nearest larger city, Union City, MI about 8 miles away.
The Michigan lending rules that reach Tekonsha
For the roughly 668 residents of Tekonsha, the rules below are Michigan's own; each row carries its publisher and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Michigan Department of Insurance and Financial Services (DIFS) Source says: ""Department" means the department of insurance and financial services" | Michigan Legislature as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 7% per annum maximum by written agreement; 5% legal rate (MCL 438.31) Source says: "it shall be lawful for the parties to stipulate in writing for the payment of any rate of interest, not exceeding 7% per annum" | Michigan Legislature as of 2026-09-16 |
| Payday lending status | Legal and licensed — deferred presentment service transactions (2005 PA 244; MCL 487.2121 et seq.), licensed and regulated by DIFS Source says: "AN ACT to regulate the business of providing deferred presentment service transactions; to require the licensing of providers of deferred presentment service transactions" | Michigan Legislature as of 2026-09-16 |
Land, water and location for Tekonsha
Tekonsha's land area is about 1.0 square miles; a further 0.05 square miles is water. The resulting density is about 673 people per square mile. The largest place in Michigan, Detroit, lies about 99 miles away. A 50-mile radius around Tekonsha takes in 84 places that are larger. By land area it ranks 416th of 533 Michigan places.
How Tekonsha compares across Michigan
Within Michigan, Tekonsha holds roughly 0.0% of all residents, the 403rd-largest share among 533 places. On the 2020-to-2023 trend, Tekonsha stands 251st among Michigan's 533 places — roughly the 53th percentile. Its roughly 673 residents per square mile place it 394th among Michigan's places. The population moved by about 3 people between 2020 and 2023, a 0.4% shift.
Common questions
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Nearby places
- Burlington, MI — population 302
- Coldwater, MI — population 14,439
- Union City, MI — population 1,695
- Marshall, MI — population 6,774
- Homer, MI — population 1,610
- Quincy, MI — population 1,532
- Athens, MI — population 960
- Litchfield, MI — population 1,384