New Glarus at a glance
- Population: 2,208, the 251st-largest community in Wisconsin out of 605 (US Census Bureau, Vintage 2023).
- 2020 Census base: 2,267 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: about 2.6% below the 2020 Census base (US Census Bureau).
- Rank among Wisconsin places: 251st out of 605 Census places (US Census Bureau).
- Size percentile: about 59% of Wisconsin's Census places are smaller (US Census Bureau).
- Coordinates: 42.8131, -89.6337 (US Census Bureau Gazetteer).
- Nearest larger cities: Belleville, WI (6 mi); Verona, WI (13 mi); Mount Horeb, WI (14 mi); Monroe, WI (15 mi); Oregon, WI (15 mi); each population is a US Census Bureau estimate.
- Nearest smaller towns: Monticello, WI (5 mi); Blanchardville, WI (12 mi); Albany, WI (12 mi) — US Census Bureau populations.
What a personal loan costs in New Glarus
A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.
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 longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
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 New Glarus
The Wisconsin rate caps and licensing rules that reach New Glarus are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| Payday lending status | Legal 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 licensing | Licensed 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 regulator | Wisconsin 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 New Glarus
These steps are the ones that most affect the offer you receive in New Glarus:
- 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 Wisconsin using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.