Creola at a glance
- Population: a Census-estimated 257, placing it 250th among Louisiana's 302 places (Vintage 2023 subcounty estimate).
- 2020 Census base: 244 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: up roughly 5.3% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Louisiana places: 250th-largest of 302 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: about 17% of Louisiana's Census places are smaller (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 31.4269, -92.4810.
- Nearest larger cities: Ball, LA (4 mi); Pollock, LA (5 mi); Pineville, LA (7 mi); Alexandria, LA (9 mi); Dry Prong, LA (11 mi); each population is a US Census Bureau estimate.
- Nearest smaller communities: Atlanta, LA (30 mi); McNary, LA (31 mi); Evergreen, LA (40 mi), each a US Census place.
What a personal loan costs in Creola
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Louisiana lending rules that apply in Creola
Where a figure is not published by the state, the row points to the source instead of guessing.
| 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 Creola
Before you share your details with a lender in Creola:
- 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.