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Personal loans in Eddyville, KY

A personal loan in Eddyville is an unsecured installment loan for consolidation or a planned expense, and what it costs follows your credit, income and debts. Eddyville's Census population of roughly 2,444 makes it the 127th-largest of 416 places in Kentucky. Kentucky sets the rate caps and licensing rules a lender must follow here, and the sourced table below lists them.

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

Compare rates Run the numbers first

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Eddyville at a glance

  • Population: 2,444 (US Census Bureau, Vintage 2023 subcounty estimate), the 127th-largest of 416 places in Kentucky.
  • 2020 Census base: the 2020 count put the population at 2,378 (US Census Bureau).
  • 2020 to 2023 change: an increase of about 2.8% since the 2020 count (US Census Bureau).
  • Rank among Kentucky places: the 127th-largest of 416 (US Census Bureau, 2023 estimate).
  • Size percentile: roughly 69% of places in Kentucky rank below it by population (US Census Bureau).
  • Coordinates: 37.0774, -88.0749 (US Census Bureau Gazetteer).
  • Nearest larger cities within 120 miles: Princeton, KY (11 mi); Marion, KY (18 mi); Calvert City, KY (18 mi); Cadiz, KY (21 mi); Benton, KY (22 mi) (US Census Bureau).
  • Nearest smaller communities: Kuttawa, KY (2 mi); Fredonia, KY (9 mi); Grand Rivers, KY (10 mi) (Census populations).

What a personal loan costs in Eddyville

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.

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.

A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.

Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.

Kentucky lending rules that apply in Eddyville

The table carries the Kentucky rate and licensing rules that apply to consumer loans made in Eddyville.

RuleDetailSource
Consumer Loan Company license — statutory basisLicense required from the commissioner to make loans at a greater rate of interest than otherwise permitted by law
Source says: "No person shall, without first obtaining a license from the commissioner, engage in the business of making loans ... at a greater rate of interest".		Kentucky Legislative Research Commission (Kentucky Revised Statutes)
as of 2026-09-16
Maximum legal interest rate (usury cap)Up to 19% per annum, or 4% over the 90-day commercial-paper discount rate, whichever is less (by written agreement)
Source says: "At a per annum rate not to exceed four percent (4%) in excess of the discount rate on ninety (90) day commercial paper ... or nineteen percent (19%), whichever is less".		Kentucky Legislative Research Commission (Kentucky Revised Statutes)
as of 2026-09-16
Payday lending statusPermitted under license (deferred deposit service business; payday loans)
Source says: "The Kentucky Department of Financial Institutions (DFI) has secured the services of Veritec Solutions, LLC to provide a common database with real-time access for deferred deposit transactions".		Kentucky Department of Financial Institutions
as of 2026-09-16
Small-loan / installment lender licensingConsumer Loan Company license required (KRS Chapter 286.4)
Source says: "How to License a Consumer Loan Company: 1. Read KRS 286.4 and the applicable administrative regulations under KAR 808, Chapter 6".		Kentucky Department of Financial Institutions
as of 2026-09-16
State lending regulatorKentucky Department of Financial Institutions (DFI)
Source says: "The Department of Financial Institutions' mission is to serve Kentucky residents by promoting access to a stable financial industry, implementing effective and efficient regulatory oversight".		Kentucky Department of Financial Institutions
as of 2026-09-16

How to compare offers in Eddyville

Before you share your details with a lender in Eddyville:

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