Mound at a glance
- Population: 12, the 302nd-largest community in Louisiana out of 302 (US Census Bureau, Vintage 2023).
- 2020 Census base: 13 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: population fell about 7.7% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Louisiana places: 302nd of the state's 302 Census places (US Census Bureau).
- Size percentile: it is larger than about 0% of the places in Louisiana (US Census Bureau).
- Coordinates: 32.3318, -91.0245 (US Census Bureau Gazetteer).
- Nearest larger cities (within 120 miles): Delta, LA (4 mi); Vicksburg, MS (8 mi); Richmond, LA (10 mi); Tallulah, LA (11 mi); Newellton, LA (22 mi) (US Census Bureau populations).
- Nearest smaller communities: none within 120 miles by straight-line distance.
What a personal loan costs in Mound
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
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.
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.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Louisiana lending rules that apply in Mound
The table carries the Louisiana rate and licensing rules that apply to consumer loans made in Mound.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Mound
A few practical steps will make the process in Mound 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 Louisiana using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.