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Personal loans in Butler, KY

Borrowers in Butler use personal loans to consolidate balances or cover a one-time cost, and the terms depend on your credit, income and existing obligations. The Census puts Butler at about 642 residents, the 266th-largest of 416 places in Kentucky. Kentucky sets the rate caps and licensing rules a lender must follow here, and the sourced table below lists them.

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

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Butler at a glance

  • Population: 642 — 266th in Kentucky, which has 416 Census places (US Census Bureau, Vintage 2023).
  • 2020 Census base: 647 residents (US Census Bureau, 2020 Census).
  • 2020 to 2023 change: roughly 0.8% fewer residents than at the 2020 Census (US Census Bureau).
  • Rank among Kentucky places: 266th of 416 by population (US Census Bureau, Vintage 2023).
  • Size percentile: ahead of around 36% of Kentucky places in population terms (US Census Bureau).
  • Coordinates: 38.7875 / -84.3712, per the US Census Bureau Gazetteer.
  • Nearest larger cities: Falmouth, KY (8 mi); Crittenden, KY (12 mi); Alexandria, KY (12 mi); Ryland Heights, KY (14 mi); New Richmond, OH (14 mi); each population is a US Census Bureau estimate.
  • Nearest smaller towns: Neville, OH (9 mi); Moscow, OH (9 mi); Mentor, KY (10 mi) (US Census Bureau).

What a personal loan costs in Butler

A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.

APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.

A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.

If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.

Kentucky lending rules that apply in Butler

The table carries the Kentucky rate and licensing rules that apply to consumer loans made in Butler.

RuleDetailSource
State lending regulatorKentucky Department of Financial Institutions (DFI)
Source says: "The Department of Financial Institutions' mission is to serve Kentucky residents by promoting access to a stable financial industry, implementing effective and efficient regulatory oversight".		Kentucky Department of Financial Institutions
as of 2026-09-16
Consumer Loan Company license — statutory basisLicense required from the commissioner to make loans at a greater rate of interest than otherwise permitted by law
Source says: "No person shall, without first obtaining a license from the commissioner, engage in the business of making loans ... at a greater rate of interest".		Kentucky Legislative Research Commission (Kentucky Revised Statutes)
as of 2026-09-16
Maximum legal interest rate (usury cap)Up to 19% per annum, or 4% over the 90-day commercial-paper discount rate, whichever is less (by written agreement)
Source says: "At a per annum rate not to exceed four percent (4%) in excess of the discount rate on ninety (90) day commercial paper ... or nineteen percent (19%), whichever is less".		Kentucky Legislative Research Commission (Kentucky Revised Statutes)
as of 2026-09-16
Payday lending statusPermitted under license (deferred deposit service business; payday loans)
Source says: "The Kentucky Department of Financial Institutions (DFI) has secured the services of Veritec Solutions, LLC to provide a common database with real-time access for deferred deposit transactions".		Kentucky Department of Financial Institutions
as of 2026-09-16
Small-loan / installment lender licensingConsumer Loan Company license required (KRS Chapter 286.4)
Source says: "How to License a Consumer Loan Company: 1. Read KRS 286.4 and the applicable administrative regulations under KAR 808, Chapter 6".		Kentucky Department of Financial Institutions
as of 2026-09-16

How to compare offers in Butler

These steps are the ones that most affect the offer you receive in Butler:

  1. Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
  2. Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
  3. Pre-qualify with at least three lenders and compare the APR, not the interest rate.
  4. Check that the lender is licensed in Kentucky using the regulator named above.
  5. Read the disclosure for origination fees and any prepayment penalty before you sign.

Common questions

Frequently asked questions

Can I get a personal loan with bad credit in Butler?
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 Butler are the same as elsewhere in Kentucky.
How much can I borrow with a personal loan in Butler?
Loan amounts are set by each lender and depend on your income, credit and existing debts, so we do not quote a range we cannot source. The Consumer Financial Protection Bureau explains how lenders assess an application, and our personal loan calculator will model the payment for any amount before you apply.
Does a personal loan in Butler 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 Butler 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

Where these figures come from

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