Mangham at a glance
- Population: roughly 606 people; 197th of 302 places in Louisiana (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 625 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: about 3.0% lower than the 2020 Census base (US Census Bureau).
- Rank among Louisiana places: 197th in population of 302 places (US Census Bureau).
- Size percentile: it is larger than about 35% of the places in Louisiana (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 32.3093, -91.7794.
- Nearest larger cities (120-mile radius): Winnsboro, LA (11 mi); Rayville, LA (11 mi); Delhi, LA (20 mi); Richwood, LA (20 mi); Monroe, LA (23 mi) (US Census Bureau).
- Smaller towns nearby: Baskin, LA (4 mi); Gilbert, LA (19 mi); Oak Ridge, LA (22 mi) (US Census Bureau).
What a personal loan costs in Mangham
Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.
APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.
Louisiana lending rules that apply in Mangham
Read the table as the compliance picture for a lender serving Mangham: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Mangham
Here is a short checklist for comparing personal loans in Mangham:
- 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.