Elk Mound at a glance
- Population: roughly 986 people; 368th of 605 places in Wisconsin (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 987 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: down roughly 0.1% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Wisconsin places: 368th in population of 605 places (US Census Bureau).
- Size percentile: it exceeds roughly 39% of Wisconsin's Census places by population (US Census Bureau).
- Coordinates: 44.8744, -91.6862 (US Census Bureau Gazetteer).
- Nearest larger cities (within 120 miles): Colfax, WI (9 mi); Eau Claire, WI (10 mi); Menomonie, WI (11 mi); Lake Hallie, WI (13 mi); Altoona, WI (13 mi) (US Census Bureau populations).
- Nearest smaller communities: Wheeler, WI (16 mi); Knapp, WI (20 mi); Eleva, WI (23 mi) (Census populations).
What a personal loan costs in Elk Mound
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
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.
Wisconsin lending rules that apply in Elk Mound
Read the table as the compliance picture for a lender serving Elk Mound: label, sourced figure, publisher and 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 Elk Mound
A few practical steps will make the process in Elk Mound less costly:
- 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.