Richfield at a glance
- Population: about 11,841 residents, ranking 82nd of 605 Census places in Wisconsin (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: 11,742 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: about 0.8% growth over the 2020 Census base (US Census Bureau).
- Rank among Wisconsin places: 82nd of 605 by population (US Census Bureau, Vintage 2023).
- Size percentile: about 86% of Wisconsin's Census places are smaller (US Census Bureau).
- Coordinates: 43.2394, -88.2340 (US Census Bureau Gazetteer).
- Nearest larger cities: Germantown, WI (5 mi); Sussex, WI (7 mi); Menomonee Falls, WI (8 mi); Hartford, WI (9 mi); Mequon, WI (11 mi) (Census populations, approximate straight-line distance).
- Nearest smaller communities: Jackson, WI (7 mi); Lannon, WI (7 mi); Slinger, WI (7 mi), each a US Census place.
What a personal loan costs in Richfield
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.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
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.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
Wisconsin lending rules that apply in Richfield
The sourced rows below are the rules a licensed lender must follow when lending in Wisconsin, and therefore in Richfield.
| 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 Richfield
A few practical steps will make the process in Richfield 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.