Ephraim at a glance
- Population: about 343 residents, ranking 529th of 605 Census places in Wisconsin (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: 341 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: up roughly 0.6% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Wisconsin places: 529th out of 605 Census places (US Census Bureau).
- Size percentile: it exceeds roughly 13% of Wisconsin's Census places by population (US Census Bureau).
- Coordinates: 45.1677 latitude, -87.1726 longitude (US Census Bureau Gazetteer).
- Nearest larger cities (120-mile radius): Sister Bay, WI (2 mi); Egg Harbor, WI (10 mi); Menominee, MI (22 mi); Marinette, WI (23 mi); Sturgeon Bay, WI (26 mi) (US Census Bureau).
- Nearest smaller places: Daggett, MI (29 mi); Carney, MI (35 mi); Garden, MI (51 mi) (US Census Bureau estimates).
What a personal loan costs in Ephraim
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.
The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
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 Ephraim
The Wisconsin rate caps and licensing rules that reach Ephraim are listed below, each with its source and retrieval 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 Ephraim
A few practical steps will make the process in Ephraim 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.