Edgefield at a glance
- Population: roughly 192 people; 276th of 302 places in Louisiana (Census Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 count put the population at 201 (US Census Bureau).
- 2020 to 2023 change: down about 4.5% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Louisiana places: 276th-largest of 302 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: it exceeds roughly 9% of Louisiana's Census places by population (US Census Bureau).
- Coordinates: mapped at 32.0501, -93.3360 by the US Census Bureau Gazetteer.
- Nearest larger cities: Coushatta, LA (2 mi); Martin, LA (8 mi); Hall Summit, LA (9 mi); Campti, LA (17 mi); Castor, LA (17 mi); US Census Bureau population estimates.
- Smaller places close by: Ashland, LA (14 mi); Powhatan, LA (14 mi); Jamestown, LA (22 mi) (US Census Bureau).
What a personal loan costs in Edgefield
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
Louisiana lending rules that apply in Edgefield
The Louisiana rate caps and licensing rules that reach Edgefield are listed below, each with its source and retrieval date.
| 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 Edgefield
Before you share your details with a lender in Edgefield:
- 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.