New Richmond at a glance
- Population: a Census-estimated 10,705, placing it 92nd among Wisconsin's 605 places (Vintage 2023 subcounty estimate).
- 2020 Census base: 10,080 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: up about 6.2% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Wisconsin places: the 92nd-largest of 605 (US Census Bureau, 2023 estimate).
- Size percentile: it is larger than about 85% of the places in Wisconsin (US Census Bureau).
- Coordinates: latitude 45.1250, longitude -92.5479 (US Census Bureau Gazetteer).
- Nearest larger cities: Hudson, WI (14 mi); Stillwater, MN (15 mi); River Falls, WI (19 mi); Lake Elmo, MN (20 mi); Hugo, MN (20 mi) (Census populations, approximate straight-line distance).
- Nearest smaller communities: Star Prairie, WI (5 mi); Somerset, WI (6 mi); Deer Park, WI (9 mi), each a US Census place.
What a personal loan costs in New Richmond
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.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
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.
A useful rule is to keep the new payment inside the room your budget already has, so the loan eases pressure instead of adding to it.
Wisconsin lending rules that apply in New Richmond
Where a figure is not published by the state, the row points to the source instead of guessing.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in New Richmond
The steps below are worth completing first when you borrow in New Richmond:
- 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.