Montebello at a glance
- Population: 60,015 people, the 148th-largest place among California's 482 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 62,629 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: a loss of about 4.2% since the 2020 count (US Census Bureau).
- Rank among California places: 148th of 482 by population (US Census Bureau, Vintage 2023).
- Size percentile: it is larger than about 69% of the places in California (US Census Bureau).
- Coordinates: mapped at 34.0154, -118.1110 by the US Census Bureau Gazetteer.
- Nearest larger cities: Alhambra, CA (5 mi); Downey, CA (5 mi); Whittier, CA (6 mi); El Monte, CA (6 mi); South Gate, CA (7 mi); US Census Bureau population estimates.
- Nearest smaller communities: Pico Rivera, CA (2 mi); Monterey Park, CA (3 mi); Commerce, CA (3 mi) (Census populations).
What a personal loan costs in Montebello
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
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.
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.
California lending rules that apply in Montebello
Read the table as the compliance picture for a lender serving Montebello: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| 36% rate cap on mid-size consumer loans (AB 539) | Consumer loans of $2,500 to under $10,000: cap of 36% per annum simple interest plus the Federal Funds Rate Source says: "charges at a rate not exceeding an annual simple interest rate of 36 percent per annum plus the Federal Funds Rate". | California Legislature — Financial Code § 22304.5 as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 7% per annum default; written contracts may set up to 10% per annum for consumer-purpose loans Source says: "shall be 7 percent per annum"; "for use primarily for personal, family, or household purposes, at a rate not exceeding 10 percent per annum". | California Legislature — California Constitution, Article XV, § 1 as of 2026-09-16 |
| Payday lending status | Permitted under the California Deferred Deposit Transaction Law; max $300 face amount; fee ≤15%; term up to 31 days Source says: "The face amount of the check shall not exceed three hundred dollars ($300)"; "A fee for a deferred deposit transaction shall not exceed 15 percent of the face amount of the check" (Financial Code § 23036). | California Legislature — Financial Code § 23035 (and § 23036) as of 2026-09-16 |
| Small-loan / installment lender licensing | Finance lender/broker license required from the Commissioner of Financial Protection and Innovation (California Financing Law) Source says: "No person shall engage in the business of a finance lender or broker without obtaining a license from the commissioner". | California Legislature — Financial Code § 22100 as of 2026-09-16 |
| State lending regulator | California Department of Financial Protection and Innovation (DFPI) Source says: "“Department” means the Department of Financial Protection and Innovation". | California Legislature — Financial Code § 23001 as of 2026-09-16 |
How to compare offers in Montebello
Before you share your details with a lender in Montebello:
- 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 California using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.