Elba at a glance
- Population: 196 (US Census Bureau, Vintage 2023 subcounty estimate), the 333rd-largest of 527 places in Nebraska.
- 2020 Census base: the 2020 count put the population at 192 (US Census Bureau).
- 2020 to 2023 change: roughly 2.1% higher than at the 2020 Census (US Census Bureau).
- Rank among Nebraska places: 333rd-largest of 527 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: roughly 37% of places in Nebraska rank below it by population (US Census Bureau).
- Coordinates: it sits at 41.2853, -98.5693 in the US Census Bureau Gazetteer.
- Nearest larger cities: St. Paul, NE (8 mi); Dannebrog, NE (12 mi); Wolbach, NE (12 mi); Scotia, NE (14 mi); Palmer, NE (17 mi); each population is a US Census Bureau estimate.
- Smaller places nearby: Farwell, NE (6 mi); Cotesfield, NE (6 mi); Cushing, NE (10 mi), per US Census Bureau estimates.
What a personal loan costs in Elba
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.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
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.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
Nebraska lending rules that apply in Elba
Each row below is a Nebraska rule with its publisher and the date it was retrieved.
| Rule | Detail | Source |
|---|---|---|
| Payday lending status | Capped at 36% APR (Initiative 428, 2020); violating transactions are void Source says: "A licensee shall not impose an annual percentage rate greater than thirty-six percent in connection with a delayed deposit transaction." | Nebraska Legislature (Nebraska Revised Statutes) as of 2026-09-16 |
| Small-loan / installment lender licensing | Delayed Deposit Services Licensing Act (Neb. Rev. Stat. 45-901 to 45-931) Source says: "Sections 45-901 to 45-931 shall be known and may be cited as the Delayed Deposit Services Licensing Act." | Nebraska Legislature (Nebraska Revised Statutes) as of 2026-09-16 |
| State lending regulator | Nebraska Department of Banking and Finance (NDBF) Source says: "The Nebraska Department of Banking and Finance is a state agency under the direct supervision of the Governor." | Nebraska Department of Banking and Finance as of 2026-09-16 |
| Delayed deposit services (payday) licensing administration | NDBF publishes delayed deposit services license guidelines, statutes, and a licensed-business search Source says: "Delayed Deposit Services (Payday Lenders)" | Nebraska Department of Banking and Finance as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 16% per annum maximum on agreed interest (unpaid principal balance) Source says: "any rate of interest which may be agreed upon, not exceeding sixteen percent per annum on the unpaid principal balance, shall be valid" | Nebraska Legislature (Nebraska Revised Statutes) as of 2026-09-16 |
How to compare offers in Elba
These steps are the ones that most affect the offer you receive in Elba:
- 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 Nebraska using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.