Fairmount at a glance
- Population: roughly 765 people; 341st of 536 places in Georgia (Census Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 Census recorded 773 residents here (US Census Bureau).
- 2020 to 2023 change: about 1.0% below the 2020 Census base (US Census Bureau).
- Rank among Georgia places: 341st out of 536 Census places (US Census Bureau).
- Size percentile: it is larger than about 36% of the places in Georgia (US Census Bureau).
- Coordinates: 34.4386, -84.6994 (US Census Bureau Gazetteer).
- Nearest larger cities: Waleska, GA (12 mi); Adairsville, GA (13 mi); Calhoun, GA (14 mi); Jasper, GA (15 mi); Resaca, GA (17 mi); US Census Bureau population estimates.
- Nearest smaller communities: Ranger, GA (4 mi); White, GA (11 mi); Talking Rock, GA (13 mi), each a US Census place.
What a personal loan costs in Fairmount
Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
Georgia lending rules that apply in Fairmount
The table lists the Georgia rules that apply to a loan made in Fairmount, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | Installment lender license required for loans of $3,000 or less Source says: "any entity making loans of $3,000.00 or less to individuals must be licensed with the Department as an installment lender". | Georgia Department of Banking and Finance as of 2026-09-16 |
| State lending regulator | Georgia Department of Banking and Finance (DBF) Source says: "The Non-depository division supervises mortgage lenders, mortgage brokers, and mortgage loan originators, as well as installment lenders, check cashers, and money transmitters". | Georgia Department of Banking and Finance as of 2026-09-16 |
| Installment Loan Act rate cap | 10% per annum of the face amount of the contract (licensed installment loans) Source says: "may charge interest at a rate not to exceed 10 percent per annum of the face amount of the contract". | Georgia Department of Banking and Finance as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | See the latest published figure value_text left null: Georgia's rate ceilings are set by O.C.G.A. Title 7, Chapter 4 (O.C.G.A. §§ 7-4-1 to 7-4-21); the Department of Banking and Finance does not publish the figure and the official code host could not be fetched, so no figure is asserted. | Georgia Department of Banking and Finance as of 2026-09-16 |
| Payday lending status | Prohibited (payday lending illegal in Georgia) Source says: "Payday lending is illegal in Georgia." | Georgia Department of Banking and Finance as of 2026-09-16 |
How to compare offers in Fairmount
Before you commit to a personal loan in Fairmount, 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 Georgia using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.