Broken Bow at a glance
- Population: 3,542 — 41st in Nebraska, which has 527 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 3,529 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: about 0.4% more residents than the 2020 Census base (US Census Bureau).
- Rank among Nebraska places: 41st of 527 by population (US Census Bureau, Vintage 2023).
- Size percentile: it exceeds roughly 92% of Nebraska's Census places by population (US Census Bureau).
- Coordinates: 41.4052 / -99.6408, per the US Census Bureau Gazetteer.
- Nearest larger cities (120-mile radius): Cozad, NE (42 mi); Lexington, NE (44 mi); Kearney, NE (57 mi); North Platte, NE (61 mi); Holdrege, NE (68 mi) (US Census Bureau).
- Smaller towns nearby: Berwyn, NE (8 mi); Merna, NE (8 mi); Ansley, NE (16 mi) (US Census Bureau).
What a personal loan costs in Broken Bow
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Nebraska lending rules that apply in Broken Bow
Where a figure is not published by the state, the row points to the source instead of guessing.
| Rule | Detail | Source |
|---|---|---|
| Payday lending status | Capped at 36% APR (Initiative 428, 2020); violating transactions are void Source says: "A licensee shall not impose an annual percentage rate greater than thirty-six percent in connection with a delayed deposit transaction." | Nebraska Legislature (Nebraska Revised Statutes) as of 2026-09-16 |
| Small-loan / installment lender licensing | Delayed Deposit Services Licensing Act (Neb. Rev. Stat. 45-901 to 45-931) Source says: "Sections 45-901 to 45-931 shall be known and may be cited as the Delayed Deposit Services Licensing Act." | Nebraska Legislature (Nebraska Revised Statutes) as of 2026-09-16 |
| State lending regulator | Nebraska Department of Banking and Finance (NDBF) Source says: "The Nebraska Department of Banking and Finance is a state agency under the direct supervision of the Governor." | Nebraska Department of Banking and Finance as of 2026-09-16 |
| Delayed deposit services (payday) licensing administration | NDBF publishes delayed deposit services license guidelines, statutes, and a licensed-business search Source says: "Delayed Deposit Services (Payday Lenders)" | Nebraska Department of Banking and Finance as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 16% per annum maximum on agreed interest (unpaid principal balance) Source says: "any rate of interest which may be agreed upon, not exceeding sixteen percent per annum on the unpaid principal balance, shall be valid" | Nebraska Legislature (Nebraska Revised Statutes) as of 2026-09-16 |
How to compare offers in Broken Bow
The steps below are worth completing first when you borrow in Broken Bow:
- 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 Nebraska using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.