South Mansfield at a glance
- Population: 337 — 236th in Louisiana, which has 302 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 335 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: population rose about 0.6% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Louisiana places: 236th in population of 302 places (US Census Bureau).
- Size percentile: it exceeds roughly 22% of Louisiana's Census places by population (US Census Bureau).
- Coordinates: mapped at 32.0171, -93.7180 by the US Census Bureau Gazetteer.
- Nearest larger cities: Mansfield, LA (2 mi); Logansport, LA (16 mi); Converse, LA (16 mi); Pleasant Hill, LA (18 mi); Stonewall, LA (18 mi) (Census populations, approximate straight-line distance).
- Nearest smaller places: Grand Cane, LA (7 mi); Stanley, LA (12 mi); Longstreet, LA (15 mi) (US Census Bureau estimates).
What a personal loan costs in South Mansfield
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
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.
Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less overall.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
Louisiana lending rules that apply in South Mansfield
Each row below is a Louisiana rule with its publisher and the date it was retrieved.
| Rule | Detail | Source |
|---|---|---|
| Payday lending status | Legal and licensed — deferred presentment and small loans ($350 or less, 60 days or less) under OFI-issued licenses Source says: "Persons who make loans of $350 or less for a term of 60 days or less." | Louisiana Office of Financial Institutions as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer loan license required from OFI before making consumer loans Source says: "Persons who wish to engage in the business of making consumer loans must hold a consumer loan license issued by this Office" | Louisiana Office of Financial Institutions as of 2026-09-16 |
| State lending regulator | Louisiana Office of Financial Institutions (OFI), Non-Depository Division Source says: "OFI is responsible for the supervision of various entities which provide financial services to the citizens of the State of Louisiana." | Louisiana Office of Financial Institutions as of 2026-09-16 |
| Licensed-lender consumer loan finance charge caps | 36% first $1,400; 27% to $4,000; 24% to $7,000; 21% above (R.S. 9:3519(A)) Source says: "Thirty-six percent per year for that portion of the unpaid principal amount of the loan not exceeding one thousand four hundred dollars" | Louisiana State Legislature as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 12% per annum maximum conventional interest (La. R.S. 9:3500(C)(1)) Source says: "The amount of the conventional interest cannot exceed twelve percent per annum." | Louisiana State Legislature as of 2026-09-16 |
How to compare offers in South Mansfield
Before you commit to a personal loan in South Mansfield, work through these steps:
- 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 Louisiana using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.