Spearsville at a glance
- Population: a Census-estimated 120, placing it 289th among Louisiana's 302 places (Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 count put the population at 124 (US Census Bureau).
- 2020 to 2023 change: a loss of about 3.2% since the 2020 count (US Census Bureau).
- Rank among Louisiana places: 289th of 302 by population (US Census Bureau, Vintage 2023).
- Size percentile: roughly 4% of Louisiana's places have fewer residents (US Census Bureau).
- Coordinates: it sits at 32.9320, -92.6001 in the US Census Bureau Gazetteer.
- Nearest larger cities (within 120 miles): Bernice, LA (8 mi); Junction City, LA (9 mi); Junction City, AR (9 mi); Farmerville, LA (16 mi); Dubach, LA (16 mi) (US Census Bureau populations).
- Nearest smaller towns: Lillie, LA (4 mi); Downsville, LA (24 mi); Felsenthal, AR (28 mi) (US Census Bureau).
What a personal loan costs in Spearsville
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
Louisiana lending rules that apply in Spearsville
The sourced rows below are the rules a licensed lender must follow when lending in Louisiana, and therefore in Spearsville.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Spearsville
Run through this list before signing anything in Spearsville:
- 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.