Grand Coteau at a glance
- Population: 763 people, the 175th-largest place among Louisiana's 302 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 775 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: down roughly 1.5% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Louisiana places: 175th largest of 302 (US Census Bureau).
- Size percentile: roughly 42% of Louisiana's places have fewer residents (US Census Bureau).
- Coordinates: 30.4202, -92.0438 (US Census Bureau Gazetteer).
- Nearest larger cities: Sunset, LA (1 mi); Leonville, LA (5 mi); Arnaudville, LA (7 mi); Carencro, LA (7 mi); Opelousas, LA (8 mi) (Census populations, approximate straight-line distance).
- Nearest smaller communities: Cankton, LA (7 mi); Washington, LA (14 mi); Parks, LA (19 mi) (Census populations).
What a personal loan costs in Grand Coteau
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less overall.
Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.
Louisiana lending rules that apply in Grand Coteau
The sourced rows below are the rules a licensed lender must follow when lending in Louisiana, and therefore in Grand Coteau.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Louisiana Office of Financial Institutions (OFI), Non-Depository Division Source says: "OFI is responsible for the supervision of various entities which provide financial services to the citizens of the State of Louisiana." | Louisiana Office of Financial Institutions as of 2026-09-16 |
| Licensed-lender consumer loan finance charge caps | 36% first $1,400; 27% to $4,000; 24% to $7,000; 21% above (R.S. 9:3519(A)) Source says: "Thirty-six percent per year for that portion of the unpaid principal amount of the loan not exceeding one thousand four hundred dollars" | Louisiana State Legislature as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 12% per annum maximum conventional interest (La. R.S. 9:3500(C)(1)) Source says: "The amount of the conventional interest cannot exceed twelve percent per annum." | Louisiana State Legislature as of 2026-09-16 |
| Payday lending status | Legal and licensed — deferred presentment and small loans ($350 or less, 60 days or less) under OFI-issued licenses Source says: "Persons who make loans of $350 or less for a term of 60 days or less." | Louisiana Office of Financial Institutions as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer loan license required from OFI before making consumer loans Source says: "Persons who wish to engage in the business of making consumer loans must hold a consumer loan license issued by this Office" | Louisiana Office of Financial Institutions as of 2026-09-16 |
How to compare offers in Grand Coteau
A few practical steps will make the process in Grand Coteau 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 Louisiana using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.