Cottonport at a glance
- Population: 1,952, the 113th-largest community in Louisiana out of 302 (US Census Bureau, Vintage 2023).
- 2020 Census base: 2,032 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: about 3.9% below the 2020 Census base (US Census Bureau).
- Rank among Louisiana places: the 113th-largest of 302 (US Census Bureau, 2023 estimate).
- Size percentile: ahead of around 63% of Louisiana places in population terms (US Census Bureau).
- Coordinates: 30.9892 / -92.0510, per the US Census Bureau Gazetteer.
- Nearest larger cities within 120 miles: Bunkie, LA (8 mi); Marksville, LA (9 mi); Ville Platte, LA (25 mi); Opelousas, LA (32 mi); Pineville, LA (32 mi) (US Census Bureau).
- Nearest smaller towns: Evergreen, LA (4 mi); Plaucheville, LA (4 mi); Moreauville, LA (5 mi) — US Census Bureau populations.
What a personal loan costs in Cottonport
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Louisiana lending rules that apply in Cottonport
The sourced rows below are the rules a licensed lender must follow when lending in Louisiana, and therefore in Cottonport.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Cottonport
These steps are the ones that most affect the offer you receive in Cottonport:
- 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.