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Personal loans in Montfort, WI

For a borrower in Montfort, a personal loan is a sum repaid in equal monthly installments, priced mainly from your credit profile, income and debt load. Census estimates count about 715 residents in Montfort, making it the 422nd-largest of 605 places in Wisconsin. Wisconsin's rate ceilings and lender-licensing requirements appear below, each with the publisher and date behind it.

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

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Montfort at a glance

  • Population: a Census-estimated 715, placing it 422nd among Wisconsin's 605 places (Vintage 2023 subcounty estimate).
  • 2020 Census base: 707 residents (US Census Bureau, 2020 Census).
  • 2020 to 2023 change: up roughly 1.1% across the 2020-to-2023 comparison (US Census Bureau).
  • Rank among Wisconsin places: 422nd of the state's 605 Census places (US Census Bureau).
  • Size percentile: ahead of around 30% of Wisconsin places in population terms (US Census Bureau).
  • Coordinates: 42.9699, -90.4333 (Census Gazetteer, US Census Bureau).
  • Nearest larger cities (within 120 miles): Highland, WI (6 mi); Fennimore, WI (11 mi); Mineral Point, WI (15 mi); Muscoda, WI (15 mi); Dodgeville, WI (15 mi) (US Census Bureau populations).
  • Smaller towns nearby: Livingston, WI (5 mi); Cobb, WI (5 mi); Linden, WI (9 mi) (US Census Bureau).

What a personal loan costs in Montfort

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.

If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.

Wisconsin lending rules that apply in Montfort

The table lists the Wisconsin rules that apply to a loan made in Montfort, each with the regulator that published it.

RuleDetailSource
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
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

How to compare offers in Montfort

The order below is a sensible way to approach a loan in Montfort:

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