Alexandria at a glance
- Population: roughly 43,466 people; 7th of 302 places in Louisiana (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 45,262 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: about 4.0% below the 2020 Census base (US Census Bureau).
- Rank among Louisiana places: 7th of the state's 302 Census places (US Census Bureau).
- Size percentile: about 98% of places in Louisiana are smaller (US Census Bureau).
- Coordinates: mapped at 31.2934, -92.4702 by the US Census Bureau Gazetteer.
- Nearest larger cities (120-mile radius): Lake Charles, LA (87 mi); Monroe, LA (88 mi); Bossier City, LA (110 mi); Shreveport, LA (112 mi) (US Census Bureau).
- Smaller places nearby: Pineville, LA (5 mi); Woodworth, LA (9 mi); Creola, LA (9 mi), per US Census Bureau estimates.
What a personal loan costs in Alexandria
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
Compare offers on APR rather than the headline rate — the APR includes most fees, and you can model the total with our personal loan calculator.
A lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
Louisiana lending rules that apply in Alexandria
The table carries the Louisiana rate and licensing rules that apply to consumer loans made in Alexandria.
| 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 to compare offers in Alexandria
A few practical steps will make the process in Alexandria less costly:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Louisiana using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.