Albany at a glance
- Population: 1,074 people, the 356th-largest place among Wisconsin's 605 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 1,097 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: down about 2.1% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Wisconsin places: 356th of the state's 605 Census places (US Census Bureau).
- Size percentile: it exceeds roughly 41% of Wisconsin's Census places by population (US Census Bureau).
- Coordinates: mapped at 42.7071, -89.4369 by the US Census Bureau Gazetteer.
- Nearest larger cities: Brodhead, WI (7 mi); Monticello, WI (8 mi); Evansville, WI (9 mi); Brooklyn, WI (10 mi); Orfordville, WI (11 mi); each population is a US Census Bureau estimate.
- Smaller towns nearby: Footville, WI (12 mi); Davis, IL (20 mi); Orangeville, IL (20 mi) (US Census Bureau).
What a personal loan costs in Albany
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
Because the APR includes origination and finance charges, it is the honest comparison number; the personal loan calculator turns an APR and term into a monthly payment.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Wisconsin lending rules that apply in Albany
The table carries the Wisconsin rate and licensing rules that apply to consumer loans made in Albany.
| Rule | Detail | Source |
|---|---|---|
| Payday lending status | Legal and licensed by the DFI Division of Banking; statewide database tracking (Wis. Stat. § 138.14) Source says: "Licensee" means a person holding a license issued by the division under sub. (5) | Wisconsin State Legislature as of 2026-09-16 |
| Small-loan / installment lender licensing | Licensed lender license required from the Division of Banking (Wis. Stat. § 138.09) Source says: Before any person may do business under this section, that person shall first obtain a license from the division. | Wisconsin State Legislature as of 2026-09-16 |
| State lending regulator | Wisconsin Department of Financial Institutions (DFI), Division of Banking Source says: "Department" means the department of financial institutions | Wisconsin State Legislature as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 12% per year maximum ($12 per $100) on the declining principal balance, except as authorized by other statutes (Wis. Stat. § 138.05(1)(a)) Source says: At the rate of $12 upon $100 for one year computed upon the declining principal balance of the loan or forbearance | Wisconsin State Legislature as of 2026-09-16 |
How to compare offers in Albany
Here is a short checklist for comparing personal loans in Albany:
- 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 Wisconsin using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.