Personal loans in Louisville, AL

Two households in Louisville with comparable incomes can still be offered different rates; the city's 390 residents are not the reason. The Census estimates 390 residents in Louisville, which ranks it 354th of 462 places in Alabama.

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

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From the 2020 Census base to the 2023 estimate, the population declined by about 2.0%. A lender that serves Louisville operates under Alabama lending statutes and a Alabama supervisor. Read the disclosure for an origination fee and any prepayment penalty before signing in Louisville. A larger market lies at Clio, AL about 6 miles away.

Local context for Louisville

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

Population: 390 residents; Louisville is the 354th-largest of 462 places in Alabama (US Census Bureau, Vintage 2023).
Population trend: Roughly 2.0% fewer residents than the 2020 Census counted.
Net change: roughly 8 fewer people than the 2020 Census counted.
Size percentile: Louisville's 390 people outrank roughly 23% of the places in Alabama.
Land and density: 2.7 square miles of land carry roughly 142 residents per square mile.
By land area: Louisville ranks 339th among Alabama's 462 places, at 2.7 sq mi.
State share: roughly 0.0% of Alabama's residents live in Louisville (390 people).
National standing: Louisville ranks 14,194th of 19,457 US places.
Growth rank: Louisville's 2020-to-2023 change ranks 325th of 462 places in Alabama.
Against the state trend: Louisville's 2.0% change compares with a Alabama average of +1.0% across its 462 places.
Density rank: Louisville is the 343rd most densely settled place in Alabama.
Density vs Alabama: Louisville's 142 people per square mile compare with a state median of 259.
Location: 31.7810 / -85.5583, per the US Census Bureau Gazetteer.
Nearest larger cities: Clio (6 mi); Clayton (9 mi); Ariton (16 mi); Brundidge (16 mi); Midway (21 mi). A branch is convenient; it is not what sets your APR.
Smaller communities within reach: Blue Springs (9 mi); Bakerhill (15 mi); Banks (16 mi).
Smaller places within 50 miles: 12 of them.
Larger places within 100 miles: 158.

How personal loans work in Louisville

A Louisville personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 390 residents. A lender serving Louisville's 390 residents must disclose the APR and finance charge in writing before you sign. Shortening the term on a Louisville loan raises the monthly payment but cuts the interest; lengthening it does the reverse.

Land, water and location for Louisville

Louisville's land area is roughly 2.7 square miles, and the Gazetteer records no significant water area within it. Spread across it are roughly 142 residents per square mile. Huntsville, the largest place in Alabama, is about 212 miles from Louisville. Counting outward 50 miles, 45 larger communities surround Louisville. The 100-mile radius contains 158 larger places.

Which Alabama laws govern a loan in Louisville

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

Rule	Detail	Source
State lending regulator	Alabama 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 status	Permitted — 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 licensing	Alabama 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

Where Louisville sits in Alabama

Within Alabama, Louisville holds roughly 0.0% of all residents, the 354th-largest share among 462 places. On the 2020-to-2023 trend, Louisville stands 325th among Alabama's 462 places — roughly the 30th percentile. Its roughly 142 residents per square mile place it 343rd among Alabama's places. In land area, Louisville ranks 339th among Alabama's 462 places.

A practical checklist for Louisville borrowers

Before you hand your details to a lender in Louisville, where the population is near 390:

Get your credit reports, dispute what is wrong, and only then start shopping.
Run the numbers on the personal loan calculator so you know the payment before you apply.
Shop at least three lenders and judge them on APR and total cost.
Verify the lender's Alabama licence with the regulator listed on this page.
If debt is already a struggle, talk to a nonprofit credit counsellor before borrowing more.
Read the disclosure for an origination fee and any prepayment penalty before signing.
Test the payment against your current bills before you commit.

What differs between Louisville and the rest of Alabama is not the process but the borrower's own file, among the 390 people here.

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Common questions

What are my options in Louisville 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 Louisville is the same as anywhere in Alabama.

What loan size can I expect in Louisville?

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 Louisville?

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 Louisville 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.

Nearby places

Clio, AL — population 1,200
Blue Springs, AL — population 79
Clayton, AL — population 2,212
Ariton, AL — population 662
Bakerhill, AL — population 209
Brundidge, AL — population 2,028
Banks, AL — population 155
Midway, AL — population 404