Broussard at a glance
- Population: roughly 14,543 people; 21st of 302 places in Louisiana (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 13,435 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: up about 8.2% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Louisiana places: the 21st-largest of 302 (US Census Bureau, 2023 estimate).
- Size percentile: about 93% of Louisiana's Census places are smaller (US Census Bureau).
- Coordinates: latitude 30.1374, longitude -91.9558 (US Census Bureau Gazetteer).
- Nearest larger cities (within 120 miles): Youngsville, LA (4 mi); New Iberia, LA (12 mi); Opelousas, LA (28 mi); Zachary, LA (60 mi); Central, LA (62 mi) (US Census Bureau populations).
- Nearest smaller communities: St. Martinville, LA (7 mi); Parks, LA (9 mi); Maurice, LA (10 mi) (Census populations).
What a personal loan costs in Broussard
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
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.
Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less overall.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
Louisiana lending rules that apply in Broussard
Each row below is a Louisiana rule with its publisher and the date it was retrieved.
| Rule | Detail | Source |
|---|---|---|
| Payday lending status | Legal and licensed — deferred presentment and small loans ($350 or less, 60 days or less) under OFI-issued licenses Source says: "Persons who make loans of $350 or less for a term of 60 days or less." | Louisiana Office of Financial Institutions as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer loan license required from OFI before making consumer loans Source says: "Persons who wish to engage in the business of making consumer loans must hold a consumer loan license issued by this Office" | Louisiana Office of Financial Institutions as of 2026-09-16 |
| State lending regulator | Louisiana Office of Financial Institutions (OFI), Non-Depository Division Source says: "OFI is responsible for the supervision of various entities which provide financial services to the citizens of the State of Louisiana." | Louisiana Office of Financial Institutions as of 2026-09-16 |
| Licensed-lender consumer loan finance charge caps | 36% first $1,400; 27% to $4,000; 24% to $7,000; 21% above (R.S. 9:3519(A)) Source says: "Thirty-six percent per year for that portion of the unpaid principal amount of the loan not exceeding one thousand four hundred dollars" | Louisiana State Legislature as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 12% per annum maximum conventional interest (La. R.S. 9:3500(C)(1)) Source says: "The amount of the conventional interest cannot exceed twelve percent per annum." | Louisiana State Legislature as of 2026-09-16 |
How to compare offers in Broussard
Run through this list before signing anything in Broussard:
- 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 Louisiana using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.