Louisa at a glance
- Population: 2,591 — 121st in Kentucky, which has 416 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 2,677 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: down roughly 3.2% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Kentucky places: the 121st-largest of 416 (US Census Bureau, 2023 estimate).
- Size percentile: roughly 71% of Kentucky's places have fewer residents (US Census Bureau).
- Coordinates: 38.1116 latitude, -82.6152 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Kenova, WV (20 mi); South Point, OH (22 mi); Paintsville, KY (23 mi); Huntington, WV (23 mi); Grayson, KY (23 mi), each a US Census place with its estimated population.
- Nearest smaller communities: Fort Gay, WV (1 mi); Wayne, WV (12 mi); Blaine, KY (14 mi) (Census populations).
What a personal loan costs in Louisa
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.
Because the APR includes origination and finance charges, it is the honest comparison number; the personal loan calculator turns an APR and term into a monthly payment.
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.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
Kentucky lending rules that apply in Louisa
The sourced rows below are the rules a licensed lender must follow when lending in Kentucky, and therefore in Louisa.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | Consumer 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 |
| State lending regulator | Kentucky 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 basis | License 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 status | Permitted 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 |
How to compare offers in Louisa
The steps below are worth completing first when you borrow in Louisa:
- 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 Kentucky using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.