Valley Grande at a glance
- Population: 3,982 — 124th in Alabama, which has 462 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 4,194 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: about 5.1% below the 2020 Census base (US Census Bureau).
- Rank among Alabama places: 124th of 462 by population (US Census Bureau, Vintage 2023).
- Size percentile: it is larger than about 73% of the places in Alabama (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 32.4869, -87.0328.
- Nearest larger cities within 120 miles: Selma, AL (5 mi); Prattville, AL (34 mi); Clanton, AL (35 mi); Millbrook, AL (38 mi); Montevallo, AL (45 mi) (US Census Bureau).
- Nearest smaller towns: Orrville, AL (18 mi); Benton, AL (18 mi); Marion, AL (19 mi) — US Census Bureau populations.
What a personal loan costs in Valley Grande
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.
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.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Alabama lending rules that apply in Valley Grande
The sourced rows below are the rules a licensed lender must follow when lending in Alabama, and therefore in Valley Grande.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | Alabama Small Loan Act license required from the supervisor for loans under $1,500; interest capped at 3% per month on the first $200 and 2% per month on $200–$1,500 Source says: "No person shall engage in the business of lending in amounts of less than one thousand five hundred dollars ($1,500)"; "without first having obtained a license from the supervisor"; "not exceeding three percent a month on that part of the unpaid principal balance not in excess of two hundred dollars". | Alabama State Banking Department — Alabama Small Loan Act (Code of Alabama §§ 5-18-1 et seq.) as of 2026-09-16 |
| State lending regulator | Alabama State Banking Department — Bureau of Loans (BOL) Source says: "The Bureau of Loans (hereinafter “the BOL”) was established in 1945". The BOL administers the Small Loan Act, Consumer Credit Act, Pawn Shop Act, Mortgage Brokers Licensing Act, Deferred Presentment Services Act and SAFE Act. | Alabama State Banking Department as of 2026-09-16 |
| Parity lending rate provision (§ 8-8-1.1) | Any lender may charge the same rates as any federally or state-chartered or licensed lending institution in Alabama Source says: "may, on any loans or extensions of credit made by them, charge or impose the same rate of interest or finance charge". | Alabama Legislature — Code of Alabama 1975, § 8-8-1.1 as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 6% per annum without a written contract; 8% per annum by written contract Source says: "except by written contract is $6 upon $100 for one year"; "the rate of interest by written contract is not to exceed $8 upon $100 for one year". (Code text retrieved from the Alabama Legislature's official Code of Alabama service.) | Alabama Legislature — Code of Alabama 1975, § 8-8-1 as of 2026-09-16 |
| Payday lending status | Permitted — deferred presentment services licensed by the supervisor; maximum advance $500; maximum fee 17.5% of amount advanced Source says: "a maximum fee on any deferred presentment transaction not to exceed 17.5 percent of the amount advanced"; "The maximum amount that may be advanced in any deferred presentment transaction is five hundred dollars ($500)". | Alabama State Banking Department — Deferred Presentment Services Act (Code of Alabama §§ 5-18A-1 et seq.) as of 2026-09-16 |
How to compare offers in Valley Grande
The steps below are worth completing first when you borrow in Valley Grande:
- 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 Alabama using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.