Clarks at a glance
- Population: about 1,037, 151st by size in Louisiana of 302 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 1,052 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: down roughly 1.4% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Louisiana places: the 151st-largest of 302 (US Census Bureau, 2023 estimate).
- Size percentile: it exceeds roughly 50% of Louisiana's Census places by population (US Census Bureau).
- Coordinates: 32.0288, -92.1408 (US Census Bureau Gazetteer).
- Nearest larger cities: Olla, LA (11 mi); Jena, LA (23 mi); Winnsboro, LA (26 mi); Richwood, LA (29 mi); Winnfield, LA (30 mi); US Census Bureau population estimates.
- Smaller towns nearby: Grayson, LA (2 mi); Columbia, LA (6 mi); Urania, LA (14 mi) (US Census Bureau).
What a personal loan costs in Clarks
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Louisiana lending rules that apply in Clarks
The Louisiana rate caps and licensing rules that reach Clarks are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Clarks
A few practical steps will make the process in Clarks less costly:
- 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.