Madisonville at a glance
- Population: 871 residents, the 167th-largest of 302 places in Louisiana (US Census Bureau, Vintage 2023).
- 2020 Census base: 848 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: roughly 2.7% higher than at the 2020 Census (US Census Bureau).
- Rank among Louisiana places: 167th in population of 302 places (US Census Bureau).
- Size percentile: roughly 45% of places in Louisiana rank below it by population (US Census Bureau).
- Coordinates: it sits at 30.3985, -90.1660 in the US Census Bureau Gazetteer.
- Nearest larger cities (120-mile radius): Mandeville, LA (4 mi); Covington, LA (7 mi); Abita Springs, LA (10 mi); Ponchatoula, LA (17 mi); Hammond, LA (19 mi) (US Census Bureau).
- Nearest smaller towns: Folsom, LA (16 mi); Springfield, LA (23 mi); Tickfaw, LA (23 mi) — US Census Bureau populations.
What a personal loan costs in Madisonville
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Louisiana lending rules that apply in Madisonville
Where a figure is not published by the state, the row points to the source instead of guessing.
| 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 Madisonville
A few practical steps will make the process in Madisonville less costly:
- 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.