Personal loans in Formoso, KS

Formoso is a small community in Kansas, with an estimated 90 residents, and every licensed lender here follows the same state rulebook. Read the disclosure for an origination fee and any prepayment penalty before signing in Formoso.

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.

At about 90 residents, Formoso is larger than roughly 18% of the places in Kansas. Lenders active in Formoso report to a Kansas supervisor, identified in the sourced rows below. The 2020 count to the 2023 estimate shows about 2.2% decline in Formoso. The nearest larger city is Courtland, KS about 5 miles away.

Where Formoso stands

The figures below are Formoso's own — Census population, land area and coordinates — followed by the Kansas rules.

The geography behind Formoso

Formoso's land area is roughly 0.2 square miles, and the Gazetteer records no significant water area within it. With 90 residents, the land area yields roughly 364 people per square mile. The largest place in Kansas, Wichita, lies about 148 miles away. Within 50 miles of Formoso there are 47 larger Census places. By land area it ranks 482nd of 625 Kansas places.

Steps to take before a Formoso loan

Before you hand your details to a lender in Formoso, where the population is near 90:

  1. Order your free credit reports and dispute anything inaccurate — it is the cheapest way to move the rate you are offered.
  2. Price the payment first with our personal loan calculator before any lender quotes you.
  3. Collect three or more offers and compare them on APR, not on the advertised rate.
  4. Verify the lender's Kansas licence with the regulator listed on this page.
  5. Choose a term you can live with; stretching it lowers the payment but raises total interest.
  6. Borrow only what the purpose requires, not the maximum you are offered.
  7. Decide the purpose and how you will repay it before approaching any lender.

None of these steps is Formoso-specific: the same Kansas licensing and disclosure rules reach all 90 residents.

Kansas rules behind a Formoso personal loan

The rows below set out what a licensed lender must follow in Kansas, and so for Formoso's roughly 90 residents.

RuleDetailSource
State lending regulatorKansas Office of the State Bank Commissioner (OSBC)
Source says: "The Office of the State Bank Commissioner regulates all state-chartered banks, trust companies, mortgage businesses, supervised lenders, credit service organizations, earned wage access service providers, and money transmitters".		Kansas Office of the State Bank Commissioner
as of 2026-09-16
Maximum legal interest rate (usury cap)15% per annum (general contract-rate ceiling for written instruments)
Source says: "may stipulate therein for interest receivable ... at a rate not to exceed 15% per annum unless otherwise specifically authorized by law".		Kansas Office of the Revisor of Statutes
as of 2026-09-16
Payday lending statusPermitted under license (payday cash advances of $500 or less; charge capped at 15%)
Source says: "a licensed or supervised lender may charge an amount not to exceed 15% of the amount of the cash advance".		Kansas Office of the Revisor of Statutes
as of 2026-09-16

Inside a Formoso personal loan

In Formoso, a small community of about 90, the amount is advanced up front and repaid in fixed installments; the city's size does not change the pricing. The rate you see advertised is a range, not a promise, until a lender reviews your file in Formoso. Because the payment is fixed, the total cost of a Formoso loan is knowable in advance — unlike a revolving card balance.

How Formoso compares across Kansas

Among Kansas's 625 places, Formoso sits at 514th for population, a share of roughly 0.0% of the state. Its 2020-to-2023 change ranks 433rd of 625 Kansas places, putting it near the 31th percentile for growth. By density, at about 364 people per square mile, it ranks 503rd in Kansas. The population moved by about 2 people between 2020 and 2023, a 2.2% shift.

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 Formoso 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 Formoso is the same as anywhere in Kansas.
What loan size can I expect in Formoso?
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 Formoso?
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 Formoso 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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