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Personal loans in Concord, KY

Borrowers in Concord 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 counts about 19 residents in Concord, ranking it 416th among the 416 places in Kentucky. The rate caps and licensing requirements that apply to a lender in Kentucky are set out in the sourced table below.

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

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Concord at a glance

  • Population: roughly 19 people; 416th of 416 places in Kentucky (Census Vintage 2023 subcounty estimate).
  • 2020 Census base: 19 residents in the 2020 Census, per the US Census Bureau.
  • 2020 to 2023 change: no meaningful change since the 2020 count (US Census Bureau).
  • Rank among Kentucky places: 416th out of 416 Census places (US Census Bureau).
  • Size percentile: it exceeds roughly 0% of Kentucky's Census places by population (US Census Bureau).
  • Coordinates: latitude 38.6881, longitude -83.4921 (US Census Bureau Gazetteer).
  • Nearest larger cities (within 120 miles): Rome, OH (6 mi); Manchester, OH (6 mi); West Union, OH (8 mi); Vanceburg, KY (11 mi); Aberdeen, OH (15 mi) (US Census Bureau populations).
  • Nearest smaller communities: none within the 120-mile radius we measure.

What a personal loan costs in Concord

A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.

The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.

Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.

Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.

Kentucky lending rules that apply in Concord

The table lists the Kentucky rules that apply to a loan made in Concord, each with the regulator that published it.

RuleDetailSource
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
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

How to compare offers in Concord

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

  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 Concord?
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 Concord are the same as elsewhere in Kentucky.
How much can I borrow with a personal loan in Concord?
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 Concord 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 Concord 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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