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Personal loans in Potosi, WI

Borrowers in Potosi use personal loans to consolidate balances or cover a one-time cost, and the terms depend on your credit, income and existing obligations. About 652 people live in Potosi, which ranks 439th of 605 Census places in Wisconsin. The rate caps and licensing requirements that apply to a lender in Wisconsin are set out in the sourced table below.

By the Personalloaned Editorial Team · Last updated 2026-09-16

Advertising disclosure: Personalloaned may receive a referral fee if you apply through a link on this page. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. The lowest rates are only available to the most qualified applicants. Read the full disclosure.

Potosi at a glance

  • Population: a Census-estimated 652, placing it 439th among Wisconsin's 605 places (Vintage 2023 subcounty estimate).
  • 2020 Census base: 646 residents in the 2020 Census, per the US Census Bureau.
  • 2020 to 2023 change: about 0.9% growth over the 2020 Census base (US Census Bureau).
  • Rank among Wisconsin places: 439th of the state's 605 Census places (US Census Bureau).
  • Size percentile: it exceeds roughly 27% of Wisconsin's Census places by population (US Census Bureau).
  • Coordinates: mapped at 42.6855, -90.7077 by the US Census Bureau Gazetteer.
  • Nearest larger cities within 120 miles: Dickeyville, WI (7 mi); Lancaster, WI (11 mi); Platteville, WI (13 mi); Asbury, IA (13 mi); Dubuque, IA (13 mi) (US Census Bureau).
  • Nearest smaller communities: Tennyson, WI (1 mi); Sherrill, IA (7 mi); Balltown, IA (9 mi) (Census populations).

What a personal loan costs in Potosi

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 APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.

Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.

Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.

Wisconsin lending rules that apply in Potosi

Read the table as the compliance picture for a lender serving Potosi: label, sourced figure, publisher and date.

RuleDetailSource
Payday lending statusLegal 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 licensingLicensed 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 regulatorWisconsin 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 Potosi

Run through this list before signing anything in Potosi:

  1. Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
  2. Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
  3. Pre-qualify with at least three lenders and compare the APR, not the interest rate.
  4. Check that the lender is licensed in Wisconsin using the regulator named above.
  5. Read the disclosure for origination fees and any prepayment penalty before you sign.

Common questions

Frequently asked questions

Can I get a personal loan with bad credit in Potosi?
Yes, but expect a higher APR and possibly a smaller amount. Lenders that serve borrowers with lower scores are licensed statewide, so your options in Potosi are the same as elsewhere in Wisconsin.
How much can I borrow with a personal loan in Potosi?
Loan amounts are set by each lender and depend on your income, credit and existing debts, so we do not quote a range we cannot source. The Consumer Financial Protection Bureau explains how lenders assess an application, and our personal loan calculator will model the payment for any amount before you apply.
Does a personal loan in Potosi require collateral?
Unsecured personal loans do not require collateral. A secured loan, such as a home-equity or auto-secured loan, does — and it puts the pledged asset at risk if you default.
Will shopping for a loan in Potosi hurt my credit?
Pre-qualification usually uses a soft credit pull that does not affect your score. A full application triggers a hard inquiry, which may lower your score by a few points temporarily.

Nearby places

Where these figures come from

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