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Personal loans in Monticello, WI

A personal loan in Monticello is an unsecured installment loan for consolidation or a planned expense, and what it costs follows your credit, income and debts. Census data place Monticello's population near 1,175, the 342nd-largest among Wisconsin's 605 Census places. The sourced table below shows the Wisconsin rate caps and licensing requirements that reach every loan made here.

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

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Monticello at a glance

  • Population: 1,175 — 342nd in Wisconsin, which has 605 Census places (US Census Bureau, Vintage 2023).
  • 2020 Census base: the 2020 count put the population at 1,191 (US Census Bureau).
  • 2020 to 2023 change: roughly 1.3% fewer residents than at the 2020 Census (US Census Bureau).
  • Rank among Wisconsin places: 342nd of 605 by population (US Census Bureau, Vintage 2023).
  • Size percentile: it is larger than about 43% of the places in Wisconsin (US Census Bureau).
  • Coordinates: mapped at 42.7447, -89.5903 by the US Census Bureau Gazetteer.
  • Nearest larger cities (120-mile radius): New Glarus, WI (5 mi); Belleville, WI (9 mi); Monroe, WI (10 mi); Brooklyn, WI (13 mi); Brodhead, WI (14 mi) (US Census Bureau).
  • Nearest smaller towns: Albany, WI (8 mi); Argyle, WI (14 mi); Blanchardville, WI (14 mi) — US Census Bureau populations.

What a personal loan costs in Monticello

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

The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.

The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.

Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.

Wisconsin lending rules that apply in Monticello

Each row below is a Wisconsin rule with its publisher and the date it was retrieved.

RuleDetailSource
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
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

How to compare offers in Monticello

Run through this list before signing anything in Monticello:

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