Personal loans in Benton, KY

At about 4,765 residents, Benton is larger than roughly 81% of the places in Kentucky. Benton gained roughly 0.1% in population across the 2020-to-2023 comparison.

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

Compare loan offers Run the numbers first

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

A lender serving Benton holds a Kentucky licence and answers to a Kentucky regulator; no city office is involved for its 4,765 residents. A single loan can carry different costs on either side of a state line, and Benton sits on the Kentucky side of that line. Read the disclosure for an origination fee and any prepayment penalty before signing in Benton. The nearest larger metro is Murray, KY about 16 miles away.

Benton: the sourced local profile

Only a few things actually differ by place — population, area, location, and the Kentucky rules a lender must follow — and they are below.

How Benton compares across Kentucky

Among Kentucky's 416 places, Benton sits at 81st for population, a share of roughly 0.3% of the state. For population change between 2020 and 2023, Benton ranks 160th of 416 in Kentucky (about the 62th percentile). Its roughly 934 residents per square mile place it 234th among Kentucky's places. In land area, Benton ranks 73rd among Kentucky's 416 places.

Benton: area, density and distance

Benton covers about 5.1 square miles of land, with 0.06 square miles of water inside its boundaries (Census Gazetteer). Spread across it are roughly 934 residents per square mile. The largest place in Kentucky, Lexington-Fayette, lies about 229 miles away. Benton has 10 larger places within a 50-mile radius. By land area it ranks 73rd of 416 Kentucky places.

The state rulebook for Benton

Kentucky has no separate rate rule for Benton; the sourced rows below are what reach every lender that serves its 4,765 people.

RuleDetailSource
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
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

What a Benton borrower is actually offered

Benton is a small community of about 4,765 people, and the personal loans written here are mostly unsecured — no collateral, so the lender leans on your credit file. A lender serving Benton's 4,765 residents must disclose the APR and finance charge in writing before you sign. A longer term lowers the monthly payment on a Benton loan but raises total interest, so the smallest payment is not the cheapest loan.

Borrowing reach in Benton

With about 934 residents per square mile, Benton is moderately settled, and 10 larger Census places sit within 50 miles. Distance to a branch rarely matters for Benton's 4,765 residents: the application is online and the price follows your credit file. For a larger market, the closest option is Murray, KY about 16 miles away.

Compare personal loan offers Run the numbers first

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Common questions

What are my options in Benton if my credit is poor?
Borrowing is still possible, but expect a higher APR and a smaller approved amount. Lenders that accept lower scores hold statewide licences, so what is open to you in Benton is the same as anywhere in Kentucky.
What loan size can I expect in Benton?
Most personal loans sit somewhere between $1,000 and $50,000, though the figure you are approved for turns on the lender, your income and your credit. Model the monthly payment first with our personal loan calculator.
Do I have to pledge anything to borrow in Benton?
For an unsecured personal loan, no — there is nothing to pledge. A secured loan, such as home equity or one secured by a vehicle, does require collateral, and default puts that asset at risk.
Does comparing loans in Benton cost me credit score points?
Not during pre-qualification, which normally uses a soft pull and leaves your score alone. Submitting a full application triggers a hard inquiry, which can trim a few points briefly.

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