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Personal loans in Hazel, KY

For a borrower in Hazel, a personal loan is a sum repaid in equal monthly installments, priced mainly from your credit profile, income and debt load. Census data place Hazel's population near 398, the 319th-largest among Kentucky's 416 Census places. The rate caps and licensing requirements that apply to a lender in Kentucky are set out in the sourced table below.

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

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Hazel at a glance

  • Population: the Census estimates 398 residents, ranking 319th of 416 places in Kentucky (Vintage 2023).
  • 2020 Census base: 391 people counted in the 2020 Census (US Census Bureau).
  • 2020 to 2023 change: about 1.8% growth over the 2020 Census base (US Census Bureau).
  • Rank among Kentucky places: 319th by size among 416 communities (US Census Bureau).
  • Size percentile: about 23% of places in Kentucky are smaller (US Census Bureau).
  • Coordinates: 36.5055 / -88.3253, per the US Census Bureau Gazetteer.
  • Nearest larger cities: Puryear, TN (4 mi); Murray, KY (8 mi); Paris, TN (15 mi); Hardin, KY (18 mi); Henry, TN (22 mi); each population is a US Census Bureau estimate.
  • Nearest smaller communities: Cottage Grove, TN (12 mi); Grand Rivers, KY (35 mi); LaFayette, KY (39 mi), each a US Census place.

What a personal loan costs in Hazel

Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.

Compare offers on APR rather than the headline rate — the APR includes most fees, and you can model the total with our personal loan calculator.

The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.

If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.

Kentucky lending rules that apply in Hazel

The sourced rows below are the rules a licensed lender must follow when lending in Kentucky, and therefore in Hazel.

RuleDetailSource
State lending regulatorKentucky 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 basisLicense 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 statusPermitted 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
Small-loan / installment lender licensingConsumer 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

How to compare offers in Hazel

Before you commit to a personal loan in Hazel, 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 Kentucky 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 Hazel?
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 Hazel are the same as elsewhere in Kentucky.
How much can I borrow with a personal loan in Hazel?
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 Hazel 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 Hazel 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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