West Monroe at a glance
- Population: roughly 12,535 people; 26th of 302 places in Louisiana (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 13,093 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: about 4.3% below the 2020 Census base (US Census Bureau).
- Rank among Louisiana places: 26th by size among 302 communities (US Census Bureau).
- Size percentile: roughly 91% of Louisiana's places have fewer residents (US Census Bureau).
- Coordinates: it sits at 32.5123, -92.1511 in the US Census Bureau Gazetteer.
- Nearest larger cities: Monroe, LA (4 mi); Ruston, LA (28 mi); El Dorado, AR (57 mi); Vicksburg, MS (75 mi); Natchitoches, LA (77 mi), each a US Census place with its estimated population.
- Nearest smaller places: Richwood, LA (6 mi); Sterlington, LA (13 mi); Downsville, LA (17 mi) (US Census Bureau estimates).
What a personal loan costs in West Monroe
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.
Louisiana lending rules that apply in West Monroe
The table lists the Louisiana rules that apply to a loan made in West Monroe, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in West Monroe
Here is a short checklist for comparing personal loans in West Monroe:
- 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.