Hessmer at a glance
- Population: 742 residents, the 180th-largest of 302 places in Louisiana (US Census Bureau, Vintage 2023).
- 2020 Census base: 770 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: a loss of about 3.6% since the 2020 count (US Census Bureau).
- Rank among Louisiana places: the 180th-largest of 302 (US Census Bureau, 2023 estimate).
- Size percentile: it is larger than about 40% of the places in Louisiana (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 31.0534, -92.1215.
- Nearest larger cities: Mansura, LA (4 mi); Marksville, LA (6 mi); Cottonport, LA (6 mi); Bunkie, LA (8 mi); Moreauville, LA (8 mi) (Census populations, approximate straight-line distance).
- Nearest smaller communities: Evergreen, LA (7 mi); Plaucheville, LA (10 mi); Cheneyville, LA (10 mi), each a US Census place.
What a personal loan costs in Hessmer
Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
Louisiana lending rules that apply in Hessmer
The table lists the Louisiana rules that apply to a loan made in Hessmer, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Hessmer
The steps below are worth completing first when you borrow in Hessmer:
- 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.