Locust Grove at a glance
- Population: 11,199 (US Census Bureau, Vintage 2023 subcounty estimate), the 89th-largest of 536 places in Georgia.
- 2020 Census base: the 2020 Census recorded 8,949 residents here (US Census Bureau).
- 2020 to 2023 change: an increase of about 25.1% since the 2020 count (US Census Bureau).
- Rank among Georgia places: 89th largest of 536 (US Census Bureau).
- Size percentile: it is larger than about 83% of the places in Georgia (US Census Bureau).
- Coordinates: latitude 33.3481, longitude -84.1025 (US Census Bureau Gazetteer).
- Nearest larger cities: McDonough, GA (7 mi); Griffin, GA (12 mi); Lovejoy, GA (14 mi); Stockbridge, GA (15 mi); Conyers, GA (22 mi) (Census populations, approximate straight-line distance).
- Smaller places close by: Jenkinsburg, GA (4 mi); Jackson, GA (9 mi); Sunny Side, GA (11 mi) (US Census Bureau).
What a personal loan costs in Locust Grove
A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
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.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
Georgia lending rules that apply in Locust Grove
Each row below is a Georgia rule with its publisher and the date it was retrieved.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Georgia Department of Banking and Finance (DBF) Source says: "The Non-depository division supervises mortgage lenders, mortgage brokers, and mortgage loan originators, as well as installment lenders, check cashers, and money transmitters". | Georgia Department of Banking and Finance as of 2026-09-16 |
| Installment Loan Act rate cap | 10% per annum of the face amount of the contract (licensed installment loans) Source says: "may charge interest at a rate not to exceed 10 percent per annum of the face amount of the contract". | Georgia Department of Banking and Finance as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | See the latest published figure value_text left null: Georgia's rate ceilings are set by O.C.G.A. Title 7, Chapter 4 (O.C.G.A. §§ 7-4-1 to 7-4-21); the Department of Banking and Finance does not publish the figure and the official code host could not be fetched, so no figure is asserted. | Georgia Department of Banking and Finance as of 2026-09-16 |
| Payday lending status | Prohibited (payday lending illegal in Georgia) Source says: "Payday lending is illegal in Georgia." | Georgia Department of Banking and Finance as of 2026-09-16 |
| Small-loan / installment lender licensing | Installment lender license required for loans of $3,000 or less Source says: "any entity making loans of $3,000.00 or less to individuals must be licensed with the Department as an installment lender". | Georgia Department of Banking and Finance as of 2026-09-16 |
How to compare offers in Locust Grove
The steps below are worth completing first when you borrow in Locust Grove:
- 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 Georgia using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.