Personal loans in Elk Mound, WI

Elk Mound is home to roughly 986 people and stands 368th by size out of 605 Census places in Wisconsin. Elk Mound shed about 0.1% of its population between the 2020 base and the 2023 estimate. Two households in Elk Mound with comparable incomes can still be offered different rates; the city's 986 residents are not the reason. A lender that serves Elk Mound operates under Wisconsin lending statutes and a Wisconsin supervisor. Rate-shopping from Elk Mound costs nothing at pre-qualification, where a soft pull leaves your credit file alone. Borrowers who want a bigger city can look to Colfax, WI about 9 miles away.

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

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.

Elk Mound: population, trend and location

Elk Mound is a small community; the notes below cover its population profile and the statewide rules that apply.

What Wisconsin law requires in Elk Mound

For the roughly 986 residents of Elk Mound, the rules below are Wisconsin's own; each row carries its publisher and retrieval date.

RuleDetailSource
State lending regulatorWisconsin Department of Financial Institutions (DFI), Division of Banking
Source says: "Department" means the department of financial institutions
Wisconsin State Legislature
as of 2026-09-16
Maximum legal interest rate (usury cap)12% per year maximum ($12 per $100) on the declining principal balance, except as authorized by other statutes (Wis. Stat. § 138.05(1)(a))
Source says: At the rate of $12 upon $100 for one year computed upon the declining principal balance of the loan or forbearance
Wisconsin State Legislature
as of 2026-09-16
Payday lending statusLegal and licensed by the DFI Division of Banking; statewide database tracking (Wis. Stat. § 138.14)
Source says: "Licensee" means a person holding a license issued by the division under sub. (5)
Wisconsin State Legislature
as of 2026-09-16

How personal loans work in Elk Mound

In Elk Mound, a small community of about 986, the amount is advanced up front and repaid in fixed installments; the city's size does not change the pricing. The APR tracks your credit score rather than Elk Mound's rank of 368th in Wisconsin: a strong file may earn a single-digit rate, while damaged credit can push the rate far higher. Because the payment is fixed, the total cost of a Elk Mound loan is knowable in advance — unlike a revolving card balance.

Elk Mound: area, density and distance

The Census Gazetteer records about 2.3 square miles of land within Elk Mound, with no significant water area listed. The resulting density is about 433 people per square mile. The largest place in Wisconsin, Milwaukee, lies about 223 miles away. Elk Mound has 44 larger places within a 50-mile radius. Within the same 50 miles lie 36 smaller Census places.

Lender access in Elk Mound

With about 433 residents per square mile, Elk Mound is lightly settled, and 44 larger Census places sit within 50 miles. What is available to Elk Mound's 986 borrowers is set by Wisconsin licensing and your own credit, not by how many branches are nearby. For a larger market, the closest option is Colfax, WI about 9 miles away.

Where Elk Mound sits in Wisconsin

Against Wisconsin's other places, Elk Mound accounts for about 0.0% of the state's population and ranks 368th of 605 by size. For population change between 2020 and 2023, Elk Mound ranks 281st of 605 in Wisconsin (about the 54th percentile). By density, at about 433 people per square mile, it ranks 451st in Wisconsin. Within 50 miles sit 36 smaller Census places, alongside the 44 that are larger.

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 Elk Mound 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 Elk Mound is the same as anywhere in Wisconsin.
What loan size can I expect in Elk Mound?
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 Elk Mound?
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 Elk Mound 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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