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Personal loans in Union, KY

A personal loan in Union is repaid in equal monthly installments over a fixed term, with the rate set from your credit history, income and debts. Census estimates count about 7,671 residents in Union, making it the 53rd-largest of 416 places in Kentucky. The table below carries the Kentucky rate caps and licensing rules that apply to a personal loan taken out here.

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

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Union at a glance

  • Population: the Census estimates 7,671 residents, ranking 53rd of 416 places in Kentucky (Vintage 2023).
  • 2020 Census base: the 2020 Census recorded 7,419 residents here (US Census Bureau).
  • 2020 to 2023 change: about 3.4% growth over the 2020 Census base (US Census Bureau).
  • Rank among Kentucky places: 53rd of 416 by population (US Census Bureau, Vintage 2023).
  • Size percentile: about 87% of Kentucky's Census places are smaller (US Census Bureau).
  • Coordinates: 38.9476, -84.6752 (US Census Bureau Gazetteer).
  • Nearest larger cities: Florence, KY (3 mi); Elsmere, KY (5 mi); Independence, KY (7 mi); Edgewood, KY (7 mi); Erlanger, KY (8 mi); US Census Bureau population estimates.
  • Nearest smaller towns: Walton, KY (7 mi); Crestview Hills, KY (8 mi); Lakeside Park, KY (8 mi) — US Census Bureau populations.

What a personal loan costs in Union

Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.

APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.

Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.

If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.

Kentucky lending rules that apply in Union

The Kentucky rate caps and licensing rules that reach Union are listed below, each with its source and retrieval date.

RuleDetailSource
Consumer Loan Company license — statutory basisLicense required from the commissioner to make loans at a greater rate of interest than otherwise permitted by law
Source says: "No person shall, without first obtaining a license from the commissioner, engage in the business of making loans ... at a greater rate of interest".		Kentucky Legislative Research Commission (Kentucky Revised Statutes)
as of 2026-09-16
Maximum legal interest rate (usury cap)Up to 19% per annum, or 4% over the 90-day commercial-paper discount rate, whichever is less (by written agreement)
Source says: "At a per annum rate not to exceed four percent (4%) in excess of the discount rate on ninety (90) day commercial paper ... or nineteen percent (19%), whichever is less".		Kentucky Legislative Research Commission (Kentucky Revised Statutes)
as of 2026-09-16
Payday lending statusPermitted under license (deferred deposit service business; payday loans)
Source says: "The Kentucky Department of Financial Institutions (DFI) has secured the services of Veritec Solutions, LLC to provide a common database with real-time access for deferred deposit transactions".		Kentucky Department of Financial Institutions
as of 2026-09-16
Small-loan / installment lender licensingConsumer Loan Company license required (KRS Chapter 286.4)
Source says: "How to License a Consumer Loan Company: 1. Read KRS 286.4 and the applicable administrative regulations under KAR 808, Chapter 6".		Kentucky Department of Financial Institutions
as of 2026-09-16
State lending regulatorKentucky Department of Financial Institutions (DFI)
Source says: "The Department of Financial Institutions' mission is to serve Kentucky residents by promoting access to a stable financial industry, implementing effective and efficient regulatory oversight".		Kentucky Department of Financial Institutions
as of 2026-09-16

How to compare offers in Union

Here is a short checklist for comparing personal loans in Union:

  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 Kentucky 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 Union?
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 Union are the same as elsewhere in Kentucky.
How much can I borrow with a personal loan in Union?
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 Union 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 Union 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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