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Personal loans in Elizabeth, LA

A personal loan in Elizabeth is an unsecured installment loan for consolidation or a planned expense, and what it costs follows your credit, income and debts. Elizabeth's Census population of roughly 400 makes it the 229th-largest of 302 places in Louisiana. The sourced table below shows the Louisiana rate caps and licensing requirements that reach every loan made here.

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

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Elizabeth at a glance

  • Population: roughly 400 people; 229th of 302 places in Louisiana (Census Vintage 2023 subcounty estimate).
  • 2020 Census base: 413 residents (US Census Bureau, 2020 Census).
  • 2020 to 2023 change: down about 3.1% from the 2020 Census base to the 2023 estimate (US Census Bureau).
  • Rank among Louisiana places: 229th in population of 302 places (US Census Bureau).
  • Size percentile: it exceeds roughly 24% of Louisiana's Census places by population (US Census Bureau).
  • Coordinates: the Census Gazetteer places it at 30.8657, -92.8018.
  • Nearest larger cities (within 120 miles): Oakdale, LA (9 mi); Glenmora, LA (15 mi); Oberlin, LA (18 mi); Forest Hill, LA (21 mi); Turkey Creek, LA (23 mi) (US Census Bureau populations).
  • Smaller towns nearby: McNary, LA (16 mi); Reeves, LA (28 mi); Fenton, LA (35 mi) (US Census Bureau).

What a personal loan costs in Elizabeth

A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.

Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.

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.

Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.

Louisiana lending rules that apply in Elizabeth

The sourced rows below are the rules a licensed lender must follow when lending in Louisiana, and therefore in Elizabeth.

RuleDetailSource
Licensed-lender consumer loan finance charge caps36% 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
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 statusLegal 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 licensingConsumer 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 regulatorLouisiana 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

How to compare offers in Elizabeth

Run through this list before signing anything in Elizabeth:

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