Personal loans in Hodges, AL

If you are weighing a personal loan in Hodges, start from the payment you can carry; its 262 residents face the same statewide rules. Decide the purpose of the loan and your repayment plan before sharing any details with a Hodges lender.

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.

Roughly 262 residents live in Hodges, the 384th-largest community in Alabama. To lend to Hodges's 262 residents, a company must hold a Alabama licence, and each sourced row below names the regulator behind it. Census figures put the 2020-to-2023 decrease in Hodges at about 0.4%. Borrowers who want a bigger city can look to Hackleburg, AL about 7 miles away.

Borrowing in Hodges: the local picture

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

What to do before borrowing in Hodges

A sensible order of operations for a loan in Hodges, home to about 262 people:

  1. Check all three credit reports for mistakes, because an error you fix now is a lower rate later.
  2. Price the payment first with our personal loan calculator before any lender quotes you.
  3. Get several pre-qualifications and compare APR side by side before choosing.
  4. Verify the lender's Alabama licence with the regulator listed on this page.
  5. Borrow only what the purpose requires, not the maximum you are offered.
  6. Be clear on what the loan is for and how it gets repaid.
  7. If the balances are already a strain, seek nonprofit credit counselling before adding a loan.

None of these steps is Hodges-specific: the same Alabama licensing and disclosure rules reach all 262 residents.

Where Hodges sits in Alabama

Among Alabama's 462 places, Hodges sits at 384th for population, a share of roughly 0.0% of the state. For population change between 2020 and 2023, Hodges ranks 264th of 462 in Alabama (about the 43th percentile). At about 63 people per square mile, Hodges is the 435th most densely settled place in Alabama. In land area, Hodges ranks 283rd among Alabama's 462 places.

What Alabama law requires in Hodges

This table holds the Alabama rate and licensing rules for consumer loans made to Hodges's 262 residents.

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
Maximum legal interest rate (usury cap)6% per annum without a written contract; 8% per annum by written contract
Source says: "except by written contract is $6 upon $100 for one year"; "the rate of interest by written contract is not to exceed $8 upon $100 for one year". (Code text retrieved from the Alabama Legislature's official Code of Alabama service.)		Alabama Legislature — Code of Alabama 1975, § 8-8-1
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

Hodges: area, density and distance

Hodges's land area is roughly 4.1 square miles, and the Gazetteer records no significant water area within it. The resulting density is about 63 people per square mile. The state's population centre of gravity, Huntsville, is roughly 75 miles away. Counting outward 50 miles, 59 larger communities surround Hodges. The 100-mile radius contains 261 larger places.

Inside a Hodges personal loan

A Hodges personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 262 residents. Federal Truth in Lending rules require a Hodges lender to disclose the APR and finance charge before you sign. Shortening the term on a Hodges loan raises the monthly payment but cuts the interest; lengthening it does the reverse.

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 Hodges 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 Hodges is the same as anywhere in Alabama.
What loan size can I expect in Hodges?
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 Hodges?
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 Hodges 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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