Morrow at a glance
- Population: a Census-estimated 2,162, placing it 385th among Ohio's 924 places (Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 Census recorded 2,053 residents here (US Census Bureau).
- 2020 to 2023 change: a gain of roughly 5.3% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Ohio places: the 385th-largest of 924 (US Census Bureau, 2023 estimate).
- Size percentile: about 58% of places in Ohio are smaller (US Census Bureau).
- Coordinates: 39.3486 latitude, -84.1205 longitude (US Census Bureau Gazetteer).
- Nearest larger cities (120-mile radius): South Lebanon, OH (5 mi); Lebanon, OH (7 mi); Blanchester, OH (9 mi); Mason, OH (9 mi); Loveland, OH (10 mi) (US Census Bureau).
- Smaller towns nearby: Butlerville, OH (4 mi); Maineville, OH (4 mi); Pleasant Plain, OH (5 mi) (US Census Bureau).
What a personal loan costs in Morrow
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
Ohio lending rules that apply in Morrow
The table carries the Ohio rate and licensing rules that apply to consumer loans made in Morrow.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | Consumer 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 |
| State lending regulator | Ohio 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 status | Legal 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 |
How to compare offers in Morrow
Before you commit to a personal loan in Morrow, work through these steps:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Ohio using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.