Merrimac at a glance
- Population: 518 residents, the 475th-largest of 605 places in Wisconsin (US Census Bureau, Vintage 2023).
- 2020 Census base: 518 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: little measurable change between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Wisconsin places: 475th by size among 605 communities (US Census Bureau).
- Size percentile: ahead of around 21% of Wisconsin places in population terms (US Census Bureau).
- Coordinates: 43.3756 latitude, -89.6269 longitude (US Census Bureau Gazetteer).
- Nearest larger cities (120-mile radius): Lodi, WI (6 mi); Prairie du Sac, WI (8 mi); Baraboo, WI (8 mi); Sauk City, WI (9 mi); West Baraboo, WI (10 mi) (US Census Bureau).
- Nearest smaller places: Rock Springs, WI (17 mi); Loganville, WI (21 mi); Doylestown, WI (24 mi) (US Census Bureau estimates).
What a personal loan costs in Merrimac
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.
A lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.
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.
Wisconsin lending rules that apply in Merrimac
Read the table as the compliance picture for a lender serving Merrimac: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | 12% per year maximum ($12 per $100) on the declining principal balance, except as authorized by other statutes (Wis. Stat. § 138.05(1)(a)) Source says: At the rate of $12 upon $100 for one year computed upon the declining principal balance of the loan or forbearance | Wisconsin State Legislature as of 2026-09-16 |
| Payday lending status | Legal and licensed by the DFI Division of Banking; statewide database tracking (Wis. Stat. § 138.14) Source says: "Licensee" means a person holding a license issued by the division under sub. (5) | Wisconsin State Legislature as of 2026-09-16 |
| Small-loan / installment lender licensing | Licensed lender license required from the Division of Banking (Wis. Stat. § 138.09) Source says: Before any person may do business under this section, that person shall first obtain a license from the division. | Wisconsin State Legislature as of 2026-09-16 |
| State lending regulator | Wisconsin Department of Financial Institutions (DFI), Division of Banking Source says: "Department" means the department of financial institutions | Wisconsin State Legislature as of 2026-09-16 |
How to compare offers in Merrimac
Before you share your details with a lender in Merrimac:
- 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 Wisconsin using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.