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Personal loans in Colfax, WI

In Colfax, a personal loan turns a one-time expense into predictable monthly payments, and the rate you get depends on your credit, income and debts. With roughly 1,188 people, Colfax ranks 339th of 605 Census places in Wisconsin. Lenders in Wisconsin work under state rate caps and licensing rules, each listed with its publisher in the table below.

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

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Colfax at a glance

  • Population: 1,188, the 339th-largest community in Wisconsin out of 605 (US Census Bureau, Vintage 2023).
  • 2020 Census base: the 2020 count put the population at 1,180 (US Census Bureau).
  • 2020 to 2023 change: an increase of about 0.7% since the 2020 count (US Census Bureau).
  • Rank among Wisconsin places: 339th of the state's 605 Census places (US Census Bureau).
  • Size percentile: about 44% of Wisconsin's Census places are smaller (US Census Bureau).
  • Coordinates: 44.9970, -91.7255 (Census Gazetteer, US Census Bureau).
  • Nearest larger cities within 120 miles: Menomonie, WI (12 mi); Bloomer, WI (14 mi); Lake Hallie, WI (17 mi); Eau Claire, WI (17 mi); Chippewa Falls, WI (17 mi) (US Census Bureau).
  • Nearest smaller towns: Elk Mound, WI (9 mi); Wheeler, WI (9 mi); Boyceville, WI (16 mi) — US Census Bureau populations.

What a personal loan costs in Colfax

A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.

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.

Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.

Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.

Wisconsin lending rules that apply in Colfax

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

RuleDetailSource
Maximum legal interest rate (usury cap)12% per year maximum ($12 per $100) on the declining principal balance, except as authorized by other statutes (Wis. Stat. § 138.05(1)(a))
Source says: At the rate of $12 upon $100 for one year computed upon the declining principal balance of the loan or forbearance		Wisconsin State Legislature
as of 2026-09-16
Payday lending statusLegal and licensed by the DFI Division of Banking; statewide database tracking (Wis. Stat. § 138.14)
Source says: "Licensee" means a person holding a license issued by the division under sub. (5)		Wisconsin State Legislature
as of 2026-09-16
Small-loan / installment lender licensingLicensed lender license required from the Division of Banking (Wis. Stat. § 138.09)
Source says: Before any person may do business under this section, that person shall first obtain a license from the division.		Wisconsin State Legislature
as of 2026-09-16
State lending regulatorWisconsin Department of Financial Institutions (DFI), Division of Banking
Source says: "Department" means the department of financial institutions		Wisconsin State Legislature
as of 2026-09-16

How to compare offers in Colfax

Run through this list before signing anything in Colfax:

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