Personal loans in Myrtlewood, AL

Myrtlewood is home to roughly 69 people and stands 450th by size out of 462 Census places in Alabama. The trend for Myrtlewood between 2020 and 2023 is downward by roughly 2.8%.

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

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The roughly 69 people who live in Myrtlewood borrow under Alabama rules; city hall sets no personal-loan rate. State law, not city hall, decides what a lender may do to Myrtlewood's roughly 69 residents, and a state regulator supervises it. Judge Myrtlewood offers on total cost, not on how quickly the money arrives. The next larger city is Pennington, AL about 6 miles away.

Myrtlewood: the sourced local profile

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

Population: the Census counts 69 residents in Myrtlewood (Vintage 2023 subcounty estimate), the 450th-largest figure among Alabama's 462 places.
Population trend: The 2020-to-2023 change is negative, near 2.8%.
Net change: roughly 2 fewer people than the 2020 Census counted.
Size percentile: Myrtlewood's 69 people outrank roughly 3% of the places in Alabama.
Density: roughly 27 residents per square mile, spread over 2.6 sq mi of land.
Land area rank: Myrtlewood's 2.6 square miles rank 347th of 462 places in Alabama.
State share: roughly 0.0% of Alabama's residents live in Myrtlewood (69 people).
National rank: Myrtlewood is 18,669th of 19,457 places nationwide.
Growth rank: Myrtlewood's 2020-to-2023 change ranks 368th of 462 places in Alabama.
Against the state trend: Myrtlewood's 2.8% change compares with a Alabama average of +1.0% across its 462 places.
Density in Alabama: Myrtlewood ranks 459th by people per square mile.
Density vs Alabama: Myrtlewood's 27 people per square mile compare with a state median of 259.
Location: 32.2521, -87.9493 (Census Gazetteer coordinates).
Nearest larger cities: Pennington (6 mi); Linden (10 mi); Sweet Water (11 mi); Providence (12 mi); Demopolis (19 mi). Any of them may have more branches, but statewide rules and your credit still set the price.
Smaller places nearby: Dayton (19 mi); Emelle (39 mi); Oak Hill (55 mi).
Smaller neighbours: 2 places smaller than Myrtlewood sit within 50 miles.
At 100 miles: 168 larger Census places fall inside that radius.

What is available to Myrtlewood borrowers

Myrtlewood is a sparsely settled community of about 69 people, with 41 larger places inside a 50-mile radius. Whether Myrtlewood has a local branch or not, a Alabama-licensed lender can serve its 69 people online on the same terms. The nearest larger city, Pennington, AL about 6 miles away.

The Alabama lending rules that reach Myrtlewood

The rows below set out what a licensed lender must follow in Alabama, and so for Myrtlewood's roughly 69 residents.

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
Parity lending rate provision (§ 8-8-1.1)	Any lender may charge the same rates as any federally or state-chartered or licensed lending institution in Alabama Source says: "may, on any loans or extensions of credit made by them, charge or impose the same rate of interest or finance charge".	Alabama Legislature — Code of Alabama 1975, § 8-8-1.1 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

Myrtlewood's place among Alabama's 462 places

Set beside Alabama's 462 places, Myrtlewood ranks 450th by population and holds about 0.0% of the state total. On the 2020-to-2023 trend, Myrtlewood stands 368th among Alabama's 462 places — roughly the 20th percentile. Its roughly 27 residents per square mile place it 459th among Alabama's places. Between 2020 and 2023 the count changed by roughly 2 residents.

How personal loans work in Myrtlewood

A Myrtlewood personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 69 residents. Federal Truth in Lending rules require a Myrtlewood lender to disclose the APR and finance charge before you sign. Shortening the term on a Myrtlewood loan raises the monthly payment but cuts the interest; lengthening it does the reverse.

Steps to take before a Myrtlewood loan

Before you hand your details to a lender in Myrtlewood, where the population is near 69:

Pull your credit reports first and correct any error before a lender sees the file.
Price the payment first with our personal loan calculator before any lender quotes you.
Line up several pre-qualified offers and let the APR decide.
Confirm the Alabama licence with the regulator named above before committing.
Test the payment against your current bills before you commit.
Choose a term you can live with; stretching it lowers the payment but raises total interest.
Keep the amount to the expense; an approval is not a reason to take more.

In Myrtlewood as elsewhere in Alabama, the written terms — not the advertisement — are what count for its 69 residents.

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Common questions

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

What loan size can I expect in Myrtlewood?

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 Myrtlewood?

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 Myrtlewood 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

Pennington, AL — population 325
Linden, AL — population 1,848
Sweet Water, AL — population 219
Providence, AL — population 162
Demopolis, AL — population 6,833
Butler, AL — population 1,767
Dayton, AL — population 27
Thomaston, AL — population 318