Wallace at a glance
- Population: 302 (US Census Bureau, Vintage 2023 subcounty estimate), the 258th-largest of 527 places in Nebraska.
- 2020 Census base: 318 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: roughly 5.0% fewer residents than at the 2020 Census (US Census Bureau).
- Rank among Nebraska places: 258th of 527 by population (US Census Bureau, Vintage 2023).
- Size percentile: it exceeds roughly 51% of Nebraska's Census places by population (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 40.8376, -101.1645.
- Nearest larger cities: Paxton, NE (22 mi); Sutherland, NE (22 mi); Hershey, NE (24 mi); Grant, NE (29 mi); North Platte, NE (29 mi); US Census Bureau population estimates.
- Smaller places close by: Elsie, NE (12 mi); Madrid, NE (19 mi); Wellfleet, NE (23 mi) (US Census Bureau).
What a personal loan costs in Wallace
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
Nebraska lending rules that apply in Wallace
The table lists the Nebraska rules that apply to a loan made in Wallace, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Nebraska Department of Banking and Finance (NDBF) Source says: "The Nebraska Department of Banking and Finance is a state agency under the direct supervision of the Governor." | Nebraska Department of Banking and Finance as of 2026-09-16 |
| Delayed deposit services (payday) licensing administration | NDBF publishes delayed deposit services license guidelines, statutes, and a licensed-business search Source says: "Delayed Deposit Services (Payday Lenders)" | Nebraska Department of Banking and Finance as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 16% per annum maximum on agreed interest (unpaid principal balance) Source says: "any rate of interest which may be agreed upon, not exceeding sixteen percent per annum on the unpaid principal balance, shall be valid" | Nebraska Legislature (Nebraska Revised Statutes) as of 2026-09-16 |
| Payday lending status | Capped at 36% APR (Initiative 428, 2020); violating transactions are void Source says: "A licensee shall not impose an annual percentage rate greater than thirty-six percent in connection with a delayed deposit transaction." | Nebraska Legislature (Nebraska Revised Statutes) as of 2026-09-16 |
| Small-loan / installment lender licensing | Delayed Deposit Services Licensing Act (Neb. Rev. Stat. 45-901 to 45-931) Source says: "Sections 45-901 to 45-931 shall be known and may be cited as the Delayed Deposit Services Licensing Act." | Nebraska Legislature (Nebraska Revised Statutes) as of 2026-09-16 |
How to compare offers in Wallace
The order below is a sensible way to approach a loan in Wallace:
- 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 Nebraska using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.