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Personal loans in Brodhead, KY

In Brodhead, a personal loan gives you a lump sum repaid over a set term, with the lender setting your APR from your credit, income and debts. The Census puts Brodhead at about 1,124 residents, the 193rd-largest of 416 places in Kentucky. The sourced table below shows the Kentucky rate caps and licensing requirements that reach every loan made here.

By the Personalloaned Editorial Team · Last updated 2026-09-16

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Brodhead at a glance

  • Population: about 1,124, 193rd by size in Kentucky of 416 places (Census Vintage 2023 subcounty estimate).
  • 2020 Census base: 1,118 residents (US Census Bureau, 2020 Census).
  • 2020 to 2023 change: about 0.5% growth over the 2020 Census base (US Census Bureau).
  • Rank among Kentucky places: 193rd in population of 416 places (US Census Bureau).
  • Size percentile: it is larger than about 54% of the places in Kentucky (US Census Bureau).
  • Coordinates: 37.4065, -84.4166 (Census Gazetteer, US Census Bureau).
  • Nearest larger cities: Mount Vernon, KY (6 mi); Berea, KY (14 mi); Stanford, KY (16 mi); Lancaster, KY (17 mi); Richmond, KY (23 mi); each population is a US Census Bureau estimate.
  • Nearest smaller towns: Crab Orchard, KY (6 mi); Livingston, KY (13 mi); Eubank, KY (16 mi) — US Census Bureau populations.

What a personal loan costs in Brodhead

The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.

Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.

A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.

A useful rule is to keep the new payment inside the room your budget already has, so the loan eases pressure instead of adding to it.

Kentucky lending rules that apply in Brodhead

The table lists the Kentucky rules that apply to a loan made in Brodhead, each with the regulator that published it.

RuleDetailSource
Payday lending statusPermitted under license (deferred deposit service business; payday loans)
Source says: "The Kentucky Department of Financial Institutions (DFI) has secured the services of Veritec Solutions, LLC to provide a common database with real-time access for deferred deposit transactions".		Kentucky Department of Financial Institutions
as of 2026-09-16
Small-loan / installment lender licensingConsumer Loan Company license required (KRS Chapter 286.4)
Source says: "How to License a Consumer Loan Company: 1. Read KRS 286.4 and the applicable administrative regulations under KAR 808, Chapter 6".		Kentucky Department of Financial Institutions
as of 2026-09-16
State lending regulatorKentucky Department of Financial Institutions (DFI)
Source says: "The Department of Financial Institutions' mission is to serve Kentucky residents by promoting access to a stable financial industry, implementing effective and efficient regulatory oversight".		Kentucky Department of Financial Institutions
as of 2026-09-16
Consumer Loan Company license — statutory basisLicense required from the commissioner to make loans at a greater rate of interest than otherwise permitted by law
Source says: "No person shall, without first obtaining a license from the commissioner, engage in the business of making loans ... at a greater rate of interest".		Kentucky Legislative Research Commission (Kentucky Revised Statutes)
as of 2026-09-16
Maximum legal interest rate (usury cap)Up to 19% per annum, or 4% over the 90-day commercial-paper discount rate, whichever is less (by written agreement)
Source says: "At a per annum rate not to exceed four percent (4%) in excess of the discount rate on ninety (90) day commercial paper ... or nineteen percent (19%), whichever is less".		Kentucky Legislative Research Commission (Kentucky Revised Statutes)
as of 2026-09-16

How to compare offers in Brodhead

A few practical steps will make the process in Brodhead less costly:

  1. Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
  2. Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
  3. Pre-qualify with at least three lenders and compare the APR, not the interest rate.
  4. Check that the lender is licensed in Kentucky using the regulator named above.
  5. Read the disclosure for origination fees and any prepayment penalty before you sign.

Common questions

Frequently asked questions

Can I get a personal loan with bad credit in Brodhead?
Yes, but expect a higher APR and possibly a smaller amount. Lenders that serve borrowers with lower scores are licensed statewide, so your options in Brodhead are the same as elsewhere in Kentucky.
How much can I borrow with a personal loan in Brodhead?
Loan amounts are set by each lender and depend on your income, credit and existing debts, so we do not quote a range we cannot source. The Consumer Financial Protection Bureau explains how lenders assess an application, and our personal loan calculator will model the payment for any amount before you apply.
Does a personal loan in Brodhead require collateral?
Unsecured personal loans do not require collateral. A secured loan, such as a home-equity or auto-secured loan, does — and it puts the pledged asset at risk if you default.
Will shopping for a loan in Brodhead hurt my credit?
Pre-qualification usually uses a soft credit pull that does not affect your score. A full application triggers a hard inquiry, which may lower your score by a few points temporarily.

Nearby places

Where these figures come from

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