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Personal loans in Cloverport, KY

A personal loan in Cloverport is an unsecured installment loan for consolidation or a planned expense, and what it costs follows your credit, income and debts. Cloverport's Census population of roughly 1,140 makes it the 192nd-largest of 416 places in Kentucky. The sourced table below lists the Kentucky rate caps and licensing rules a lender must follow on a loan made here.

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

Compare rates Run the numbers first

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Cloverport at a glance

  • Population: 1,140 people, the 192nd-largest place among Kentucky's 416 Census places (US Census Bureau, Vintage 2023).
  • 2020 Census base: 1,119 residents (US Census Bureau, 2020 Census).
  • 2020 to 2023 change: a gain of roughly 1.9% between the 2020 count and the 2023 estimate (US Census Bureau).
  • Rank among Kentucky places: 192nd out of 416 Census places (US Census Bureau).
  • Size percentile: about 54% of Kentucky's Census places are smaller (US Census Bureau).
  • Coordinates: 37.8321 latitude, -86.6314 longitude (US Census Bureau Gazetteer).
  • Nearest larger cities: Cannelton, IN (8 mi); Hardinsburg, KY (11 mi); Tell City, IN (11 mi); Lewisport, KY (16 mi); Irvington, KY (19 mi), each a US Census place with its estimated population.
  • Smaller places close by: Hawesville, KY (8 mi); Fordsville, KY (14 mi); Troy, IN (15 mi) (US Census Bureau).

What a personal loan costs in Cloverport

Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.

Compare offers on APR rather than the headline rate — the APR includes most fees, and you can model the total with our personal loan calculator.

A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.

Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.

Kentucky lending rules that apply in Cloverport

Each row below is a Kentucky rule with its publisher and the date it was retrieved.

RuleDetailSource
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
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

How to compare offers in Cloverport

Run through this list before signing anything in Cloverport:

  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 Cloverport?
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 Cloverport are the same as elsewhere in Kentucky.
How much can I borrow with a personal loan in Cloverport?
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 Cloverport 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 Cloverport 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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