Personal loans in Gramercy, LA
Personal loans in Gramercy, Louisiana work the same way they do across the state: you apply, a lender reviews your credit and income, and it prices the loan to the risk it sees. Gramercy has about 2,751 residents and ranks 95th in Louisiana by population. Its population fell about 6.1% between the 2020 Census base and the 2023 estimate. The closest larger city is Lutcher, LA about 1 miles away.
What is specific to borrowing in Gramercy
- Population: 2,751 (US Census Bureau, Vintage 2023 subcounty estimate) — the 95th-largest place of 302 in Louisiana.
- Population trend: Its population fell about 6.1% between the 2020 Census base and the 2023 estimate.
- Size percentile: larger than about 69% of the Census places in Louisiana.
- Location: 30.0619, -90.6936 (US Census Bureau Gazetteer).
- Nearest larger cities: Lutcher (1 mi); Gonzales (17 mi); Donaldsonville (18 mi); Thibodaux (20 mi); Kenner (26 mi). Larger metros often have more walk-in branches, but online lenders serve Gramercy on the same terms.
- Nearest smaller towns: Sorrento (13 mi); French Settlement (20 mi); Port Vincent (21 mi).
Louisiana lending rules that apply in Gramercy
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | 12% per annum maximum conventional interest (La. R.S. 9:3500(C)(1)) Source says: "The amount of the conventional interest cannot exceed twelve percent per annum." | Louisiana State Legislature as of 2026-09-16 |
| Payday lending status | Legal and licensed — deferred presentment and small loans ($350 or less, 60 days or less) under OFI-issued licenses Source says: "Persons who make loans of $350 or less for a term of 60 days or less." | Louisiana Office of Financial Institutions as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer loan license required from OFI before making consumer loans Source says: "Persons who wish to engage in the business of making consumer loans must hold a consumer loan license issued by this Office" | Louisiana Office of Financial Institutions as of 2026-09-16 |
| State lending regulator | Louisiana Office of Financial Institutions (OFI), Non-Depository Division Source says: "OFI is responsible for the supervision of various entities which provide financial services to the citizens of the State of Louisiana." | Louisiana Office of Financial Institutions as of 2026-09-16 |
| Licensed-lender consumer loan finance charge caps | 36% first $1,400; 27% to $4,000; 24% to $7,000; 21% above (R.S. 9:3519(A)) Source says: "Thirty-six percent per year for that portion of the unpaid principal amount of the loan not exceeding one thousand four hundred dollars" | Louisiana State Legislature as of 2026-09-16 |
How a personal loan works in Gramercy
In Gramercy, as across Louisiana, the lender must disclose the loan's APR and finance charge before you sign, under the federal Truth in Lending Act. Use that disclosure: compare the APR, not the interest rate alone, because origination fees, and sometimes prepayment penalties, are folded into the APR. If a lender will not put the terms in writing, that is a reason to walk away.
Before you apply in Gramercy
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run the numbers with our personal loan calculator so you know the payment before a lender tells you.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check the lender is licensed in Louisiana using the regulator listed above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.
Advertising disclosure: Loansloth may receive a referral fee if you apply through the link above. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. Read the full disclosure.
Frequently asked questions
Can I get a personal loan with bad credit in Gramercy?
Yes, but expect a higher APR and possibly a smaller amount. Lenders that serve borrowers with lower scores are licensed statewide, so your options in Gramercy are the same as elsewhere in Louisiana.
How much can I borrow with a personal loan in Gramercy?
Most personal loans range from about $1,000 to $50,000, but the amount you are approved for depends on the lender and your income and credit. Use our personal loan calculator to model the payment before you apply.
Does a personal loan in Gramercy require collateral?
Unsecured personal loans do not require collateral. A secured loan, such as a home-equity or auto-secured loan, does — and it puts the pledged asset at risk if you default.
Will shopping for a loan in Gramercy hurt my credit?
Pre-qualification usually uses a soft credit pull that does not affect your score. A full application triggers a hard inquiry, which may lower your score by a few points temporarily.
Nearby places
- Lutcher, LA — population 2,914
- Sorrento, LA — population 1,572
- Gonzales, LA — population 13,737
- Thibodaux, LA — population 15,646
- French Settlement, LA — population 1,141
- Donaldsonville, LA — population 6,860
- Killian, LA — population 1,228
- Port Vincent, LA — population 689