Hodge at a glance
- Population: the Census estimates 372 residents, ranking 232nd of 302 places in Louisiana (Vintage 2023).
- 2020 Census base: the 2020 count put the population at 385 (US Census Bureau).
- 2020 to 2023 change: a loss of about 3.4% since the 2020 count (US Census Bureau).
- Rank among Louisiana places: 232nd-largest of 302 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: roughly 23% of places in Louisiana rank below it by population (US Census Bureau).
- Coordinates: 32.2700, -92.7297 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Jonesboro, LA (3 mi); Chatham, LA (16 mi); Grambling, LA (18 mi); Simsboro, LA (18 mi); Ruston, LA (19 mi), each a US Census place with its estimated population.
- Nearest smaller places: East Hodge, LA (1 mi); North Hodge, LA (1 mi); Quitman, LA (6 mi) (US Census Bureau estimates).
What a personal loan costs in Hodge
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
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.
Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.
Louisiana lending rules that apply in Hodge
The sourced rows below are the rules a licensed lender must follow when lending in Louisiana, and therefore in Hodge.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Hodge
The order below is a sensible way to approach a loan in Hodge:
- 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.