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Personal loans in Merton, WI

In Merton, 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. At about 3,566 residents, Merton is the 190th-largest of the 605 Census places in Wisconsin. Every lender serving Wisconsin must observe the state's rate caps and licensing rules, shown with their sources below.

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

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Merton at a glance

  • Population: 3,566 (US Census Bureau, Vintage 2023 subcounty estimate), the 190th-largest of 605 places in Wisconsin.
  • 2020 Census base: 3,444 people (US Census Bureau, 2020 Census count).
  • 2020 to 2023 change: population rose about 3.5% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
  • Rank among Wisconsin places: 190th largest of 605 (US Census Bureau).
  • Size percentile: ahead of around 69% of Wisconsin places in population terms (US Census Bureau).
  • Coordinates: the Census Gazetteer places it at 43.1437, -88.3123.
  • Nearest larger cities: Hartland, WI (3 mi); Sussex, WI (4 mi); Pewaukee, WI (5 mi); Pewaukee, WI (6 mi); Delafield, WI (7 mi), each a US Census place with its estimated population.
  • Smaller places close by: Chenequa, WI (4 mi); Nashotah, WI (6 mi); Oconomowoc Lake, WI (7 mi) (US Census Bureau).

What a personal loan costs in Merton

Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.

Compare offers on APR rather than the headline rate — the APR includes most fees, and you can model the total with our personal loan calculator.

Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.

Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.

Wisconsin lending rules that apply in Merton

The Wisconsin rate caps and licensing rules that reach Merton are listed below, each with its source and retrieval date.

RuleDetailSource
State lending regulatorWisconsin 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
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 statusLegal 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 licensingLicensed 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

How to compare offers in Merton

Before you share your details with a lender in Merton:

  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 Wisconsin 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 Merton?
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 Merton are the same as elsewhere in Wisconsin.
How much can I borrow with a personal loan in Merton?
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 Merton 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 Merton 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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