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Personal loans in Martin, KY

In Martin, a personal loan gives you a lump sum repaid over a set term, with the lender setting your APR from your credit, income and debts. Martin has a Census-estimated population of 486, ranking 297th among the 416 Census places in Kentucky. The sourced table below lists the Kentucky rate caps and licensing rules a lender must follow on a loan made here.

By the Personalloaned Editorial Team · Last updated 2026-09-16

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Martin at a glance

  • Population: about 486 residents, ranking 297th of 416 Census places in Kentucky (US Census Bureau, Vintage 2023 subcounty estimate).
  • 2020 Census base: 513 residents (US Census Bureau, 2020 Census).
  • 2020 to 2023 change: roughly 5.3% fewer residents than at the 2020 Census (US Census Bureau).
  • Rank among Kentucky places: 297th of the state's 416 Census places (US Census Bureau).
  • Size percentile: it is larger than about 29% of the places in Kentucky (US Census Bureau).
  • Coordinates: mapped at 37.5668, -82.7603 by the US Census Bureau Gazetteer.
  • Nearest larger cities: Prestonsburg, KY (8 mi); Coal Run Village, KY (12 mi); Pikeville, KY (14 mi); Pippa Passes, KY (17 mi); Paintsville, KY (18 mi); US Census Bureau population estimates.
  • Smaller towns nearby: Allen, KY (4 mi); Wayland, KY (8 mi); Wheelwright, KY (16 mi) (US Census Bureau).

What a personal loan costs in Martin

A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.

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 term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.

Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.

Kentucky lending rules that apply in Martin

Where a figure is not published by the state, the row points to the source instead of guessing.

RuleDetailSource
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 statusPermitted 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
Small-loan / installment lender licensingConsumer 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 regulatorKentucky 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 basisLicense 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

How to compare offers in Martin

Before you share your details with a lender in Martin:

  1. Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
  2. Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
  3. Pre-qualify with at least three lenders and compare the APR, not the interest rate.
  4. Check that the lender is licensed in Kentucky using the regulator named above.
  5. Read the disclosure for origination fees and any prepayment penalty before you sign.

Common questions

Frequently asked questions

Can I get a personal loan with bad credit in Martin?
Yes, but expect a higher APR and possibly a smaller amount. Lenders that serve borrowers with lower scores are licensed statewide, so your options in Martin are the same as elsewhere in Kentucky.
How much can I borrow with a personal loan in Martin?
Loan amounts are set by each lender and depend on your income, credit and existing debts, so we do not quote a range we cannot source. The Consumer Financial Protection Bureau explains how lenders assess an application, and our personal loan calculator will model the payment for any amount before you apply.
Does a personal loan in Martin require collateral?
Unsecured personal loans do not require collateral. A secured loan, such as a home-equity or auto-secured loan, does — and it puts the pledged asset at risk if you default.
Will shopping for a loan in Martin hurt my credit?
Pre-qualification usually uses a soft credit pull that does not affect your score. A full application triggers a hard inquiry, which may lower your score by a few points temporarily.

Nearby places

Where these figures come from

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