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Personal loans in Frederic, WI

For residents of Frederic, a personal loan is a lump sum with a fixed repayment schedule, and its cost reflects your credit, income and debt-to-income picture. With roughly 1,147 people, Frederic ranks 345th of 605 Census places in Wisconsin. The table below carries the Wisconsin rate caps and licensing rules that apply to a personal loan taken out here.

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

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Frederic at a glance

  • Population: about 1,147 residents, ranking 345th of 605 Census places in Wisconsin (US Census Bureau, Vintage 2023 subcounty estimate).
  • 2020 Census base: 1,160 residents (US Census Bureau, 2020 Census).
  • 2020 to 2023 change: down roughly 1.1% across the 2020-to-2023 comparison (US Census Bureau).
  • Rank among Wisconsin places: 345th largest of 605 (US Census Bureau).
  • Size percentile: roughly 43% of Wisconsin's places have fewer residents (US Census Bureau).
  • Coordinates: 45.6527 / -92.4626, per the US Census Bureau Gazetteer.
  • Nearest larger cities: Grantsburg, WI (14 mi); St. Croix Falls, WI (18 mi); Rock Creek, MN (23 mi); Cumberland, WI (23 mi); Shafer, MN (23 mi); each population is a US Census Bureau estimate.
  • Smaller places close by: Luck, WI (5 mi); Milltown, WI (9 mi); Siren, WI (9 mi) (US Census Bureau).

What a personal loan costs in Frederic

With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.

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.

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.

Wisconsin lending rules that apply in Frederic

The table carries the Wisconsin rate and licensing rules that apply to consumer loans made in Frederic.

RuleDetailSource
Payday lending statusLegal 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 licensingLicensed 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
State lending regulatorWisconsin 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

How to compare offers in Frederic

Before you commit to a personal loan in Frederic, work through these steps:

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