Downsville at a glance
- Population: 113 — 294th in Louisiana, which has 302 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 119 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: roughly 5.0% fewer residents than at the 2020 Census (US Census Bureau).
- Rank among Louisiana places: 294th of 302 by population (US Census Bureau, Vintage 2023).
- Size percentile: about 3% of Louisiana's Census places are smaller (US Census Bureau).
- Coordinates: 32.6264, -92.4129 (US Census Bureau Gazetteer).
- Nearest larger cities within 120 miles: Choudrant, LA (9 mi); Farmerville, LA (10 mi); Vienna, LA (14 mi); Ruston, LA (14 mi); Dubach, LA (15 mi) (US Census Bureau).
- Smaller places close by: Lillie, LA (25 mi); Felsenthal, AR (34 mi); Bryceland, LA (36 mi) (US Census Bureau).
What a personal loan costs in Downsville
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.
Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
Louisiana lending rules that apply in Downsville
Where a figure is not published by the state, the row points to the source instead of guessing.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Downsville
Run through this list before signing anything in Downsville:
- 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.