Morgan at a glance
- Population: the Census estimates 1,800 residents, ranking 252nd of 536 places in Georgia (Vintage 2023).
- 2020 Census base: the 2020 count put the population at 1,742 (US Census Bureau).
- 2020 to 2023 change: roughly 3.3% higher than at the 2020 Census (US Census Bureau).
- Rank among Georgia places: 252nd of 536 by population (US Census Bureau, Vintage 2023).
- Size percentile: larger than about 53% of the Census places in Georgia (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 31.5381, -84.6032.
- Nearest larger cities: Dawson, GA (19 mi); Cuthbert, GA (20 mi); Blakely, GA (22 mi); Albany, GA (25 mi); Colquitt, GA (26 mi); US Census Bureau population estimates.
- Smaller places close by: Leary, GA (6 mi); Edison, GA (8 mi); Arlington, GA (10 mi) (US Census Bureau).
What a personal loan costs in Morgan
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less overall.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Georgia lending rules that apply in Morgan
Where a figure is not published by the state, the row points to the source instead of guessing.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | Installment lender license required for loans of $3,000 or less Source says: "any entity making loans of $3,000.00 or less to individuals must be licensed with the Department as an installment lender". | Georgia Department of Banking and Finance as of 2026-09-16 |
| State lending regulator | Georgia Department of Banking and Finance (DBF) Source says: "The Non-depository division supervises mortgage lenders, mortgage brokers, and mortgage loan originators, as well as installment lenders, check cashers, and money transmitters". | Georgia Department of Banking and Finance as of 2026-09-16 |
| Installment Loan Act rate cap | 10% per annum of the face amount of the contract (licensed installment loans) Source says: "may charge interest at a rate not to exceed 10 percent per annum of the face amount of the contract". | Georgia Department of Banking and Finance as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | See the latest published figure value_text left null: Georgia's rate ceilings are set by O.C.G.A. Title 7, Chapter 4 (O.C.G.A. §§ 7-4-1 to 7-4-21); the Department of Banking and Finance does not publish the figure and the official code host could not be fetched, so no figure is asserted. | Georgia Department of Banking and Finance as of 2026-09-16 |
| Payday lending status | Prohibited (payday lending illegal in Georgia) Source says: "Payday lending is illegal in Georgia." | Georgia Department of Banking and Finance as of 2026-09-16 |
How to compare offers in Morgan
A few practical steps will make the process in Morgan less costly:
- 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 Georgia using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.