Eagle River at a glance
- Population: 1,617 people, the 285th-largest place among Wisconsin's 605 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 Census recorded 1,631 residents here (US Census Bureau).
- 2020 to 2023 change: population fell about 0.9% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Wisconsin places: 285th largest of 605 (US Census Bureau).
- Size percentile: about 53% of places in Wisconsin are smaller (US Census Bureau).
- Coordinates: 45.9247 latitude, -89.2578 longitude (US Census Bureau Gazetteer).
- Nearest larger cities (120-mile radius): Rhinelander, WI (22 mi); Crandon, WI (30 mi); Iron River, MI (32 mi); Tomahawk, WI (38 mi); Wakefield, MI (50 mi) (US Census Bureau).
- Nearest smaller towns: Caspian, MI (32 mi); Gaastra, MI (33 mi); Alpha, MI (43 mi) (US Census Bureau).
What a personal loan costs in Eagle River
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
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.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Wisconsin lending rules that apply in Eagle River
The Wisconsin rate caps and licensing rules that reach Eagle River are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Wisconsin 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 |
| 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 status | Legal 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 licensing | Licensed 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 |
How to compare offers in Eagle River
These steps are the ones that most affect the offer you receive in Eagle River:
- 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 Wisconsin using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.