Oconomowoc Lake at a glance
- Population: about 584, 451st by size in Wisconsin of 605 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 570 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: about 2.5% growth over the 2020 Census base (US Census Bureau).
- Rank among Wisconsin places: 451st out of 605 Census places (US Census Bureau).
- Size percentile: about 25% of places in Wisconsin are smaller (US Census Bureau).
- Coordinates: mapped at 43.1038, -88.4497 by the US Census Bureau Gazetteer.
- Nearest larger cities: Oconomowoc, WI (2 mi); Nashotah, WI (2 mi); Delafield, WI (4 mi); Summit, WI (4 mi); Hartland, WI (6 mi); each population is a US Census Bureau estimate.
- Nearest smaller towns: Chenequa, WI (4 mi); Lac La Belle, WI (4 mi); Neosho, WI (15 mi) (US Census Bureau).
What a personal loan costs in Oconomowoc Lake
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
Compare offers on APR rather than the headline rate — the APR includes most fees, and you can model the total with our 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.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
Wisconsin lending rules that apply in Oconomowoc Lake
The Wisconsin rate caps and licensing rules that reach Oconomowoc Lake are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Oconomowoc Lake
A few practical steps will make the process in Oconomowoc Lake 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 Wisconsin using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.