Montpelier at a glance
- Population: 196 (US Census Bureau, Vintage 2023 subcounty estimate), the 275th-largest of 302 places in Louisiana.
- 2020 Census base: 199 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: about 1.5% below the 2020 Census base (US Census Bureau).
- Rank among Louisiana places: 275th by size among 302 communities (US Census Bureau).
- Size percentile: it is larger than about 9% of the places in Louisiana (US Census Bureau).
- Coordinates: 30.6852 latitude, -90.6566 longitude (US Census Bureau Gazetteer).
- Nearest larger cities (120-mile radius): Amite City, LA (9 mi); Independence, LA (10 mi); Greensburg, LA (10 mi); Roseland, LA (10 mi); Tickfaw, LA (13 mi) (US Census Bureau).
- Nearest smaller towns: Silver Creek, MS (74 mi); Palmetto, LA (74 mi); Bassfield, MS (78 mi) — US Census Bureau populations.
What a personal loan costs in Montpelier
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
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.
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.
Louisiana lending rules that apply in Montpelier
The Louisiana rate caps and licensing rules that reach Montpelier are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | 12% per annum maximum conventional interest (La. R.S. 9:3500(C)(1)) Source says: "The amount of the conventional interest cannot exceed twelve percent per annum." | Louisiana State Legislature as of 2026-09-16 |
| Payday lending status | Legal and licensed — deferred presentment and small loans ($350 or less, 60 days or less) under OFI-issued licenses Source says: "Persons who make loans of $350 or less for a term of 60 days or less." | Louisiana Office of Financial Institutions as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer loan license required from OFI before making consumer loans Source says: "Persons who wish to engage in the business of making consumer loans must hold a consumer loan license issued by this Office" | Louisiana Office of Financial Institutions as of 2026-09-16 |
| State lending regulator | Louisiana Office of Financial Institutions (OFI), Non-Depository Division Source says: "OFI is responsible for the supervision of various entities which provide financial services to the citizens of the State of Louisiana." | Louisiana Office of Financial Institutions as of 2026-09-16 |
| Licensed-lender consumer loan finance charge caps | 36% first $1,400; 27% to $4,000; 24% to $7,000; 21% above (R.S. 9:3519(A)) Source says: "Thirty-six percent per year for that portion of the unpaid principal amount of the loan not exceeding one thousand four hundred dollars" | Louisiana State Legislature as of 2026-09-16 |
How to compare offers in Montpelier
Before you commit to a personal loan in Montpelier, work through these steps:
- 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 Louisiana using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.