Personal loans in Colony, AL

Colony is one of 462 Census places in Alabama; its 275 residents put it at 378th. The roughly 275 people who live in Colony borrow under Alabama rules; city hall sets no personal-loan rate.

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.

Population in Colony climbed about 4.2% over the three years from 2020 to 2023. Judge Colony offers on total cost, not on how quickly the money arrives. Every figure below is Alabama's own, applied to Colony's 275 residents, with the publisher and retrieval date attached. Borrowers who want a bigger city can look to Dodge City, AL about 7 miles away.

Local context for Colony

What follows is Colony's place in the Census record, alongside the Alabama rules that govern a personal loan made here.

Colony's place among Alabama's 462 places

Within Alabama, Colony holds roughly 0.0% of all residents, the 378th-largest share among 462 places. For population change between 2020 and 2023, Colony ranks 75th of 462 in Alabama (about the 84th percentile). Its roughly 127 residents per square mile place it 358th among Alabama's places. Between 2020 and 2023 the count changed by roughly 11 residents.

The state rulebook for Colony

Every row below records a Alabama rule, its publisher and its retrieval date — the same rules a Colony lender must follow.

RuleDetailSource
State lending regulatorAlabama 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
Payday lending statusPermitted — 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
Small-loan / installment lender licensingAlabama 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

Colony on the map

Colony's land area is roughly 2.2 square miles, and the Gazetteer records no significant water area within it. That land carries about 127 people per square mile. For the state's biggest city, Huntsville, the distance is roughly 54 miles. Within 50 miles of Colony there are 107 larger Census places. The 100-mile radius contains 275 larger places.

A practical checklist for Colony borrowers

Complete these steps first when you borrow in Colony (275 residents):

  1. Get all three reports, dispute anything wrong, and keep the corrected file for your applications.
  2. Use the loan calculator to test the payment on your intended amount and term.
  3. Line up several pre-qualified offers and let the APR decide.
  4. Make sure the lender appears in the Alabama regulator's licence list.
  5. Pick the shortest term whose payment you can comfortably afford.
  6. Do not borrow more than the expense calls for, even if a lender approves a larger amount.
  7. Decide the purpose and how you will repay it before approaching any lender.

What differs between Colony and the rest of Alabama is not the process but the borrower's own file, among the 275 people here.

Borrowing reach in Colony

With about 127 residents per square mile, Colony is lightly settled, and 107 larger Census places sit within 50 miles. Distance to a branch rarely matters for Colony's 275 residents: the application is online and the price follows your credit file. For a larger market, the closest option is Dodge City, AL about 7 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 Colony 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 Colony is the same as anywhere in Alabama.
What loan size can I expect in Colony?
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 Colony?
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 Colony 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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