Eminence at a glance
- Population: 2,744 people, the 117th-largest place among Kentucky's 416 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 2,709 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: an increase of about 1.3% since the 2020 count (US Census Bureau).
- Rank among Kentucky places: the 117th-largest of 416 (US Census Bureau, 2023 estimate).
- Size percentile: roughly 72% of places in Kentucky rank below it by population (US Census Bureau).
- Coordinates: 38.3637 / -85.1769, per the US Census Bureau Gazetteer.
- Nearest larger cities (120-mile radius): La Grange, KY (11 mi); Shelbyville, KY (11 mi); Simpsonville, KY (14 mi); Crestwood, KY (16 mi); Middletown, KY (20 mi) (US Census Bureau).
- Nearest smaller places: Pleasureville, KY (4 mi); Smithfield, KY (5 mi); New Castle, KY (5 mi) (US Census Bureau estimates).
What a personal loan costs in Eminence
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
A lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.
A useful rule is to keep the new payment inside the room your budget already has, so the loan eases pressure instead of adding to it.
Kentucky lending rules that apply in Eminence
Read the table as the compliance picture for a lender serving Eminence: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | Consumer 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 regulator | Kentucky 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 |
| Consumer Loan Company license — statutory basis | License 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 status | Permitted 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 |
How to compare offers in Eminence
Before you commit to a personal loan in Eminence, work through these steps:
- 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 Kentucky using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.