Personalloaned Compare rates

WI · city page

Personal loans in Downing, WI

Borrowers in Downing use personal loans to consolidate balances or cover a one-time cost, and the terms depend on your credit, income and existing obligations. Downing is home to about 230 people and ranks 566th among the 605 Census places in Wisconsin. Every lender serving Wisconsin must observe the state's rate caps and licensing rules, shown with their sources below.

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

Compare rates Run the numbers first

Advertising disclosure: Personalloaned may receive a referral fee if you apply through a link on this page. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. The lowest rates are only available to the most qualified applicants. Read the full disclosure.

Downing at a glance

  • Population: 230 people, the 566th-largest place among Wisconsin's 605 Census places (US Census Bureau, Vintage 2023).
  • 2020 Census base: 231 people counted in the 2020 Census (US Census Bureau).
  • 2020 to 2023 change: about 0.4% lower than the 2020 Census base (US Census Bureau).
  • Rank among Wisconsin places: 566th of the state's 605 Census places (US Census Bureau).
  • Size percentile: about 6% of places in Wisconsin are smaller (US Census Bureau).
  • Coordinates: mapped at 45.0498, -92.1243 by the US Census Bureau Gazetteer.
  • Nearest larger cities: Glenwood City, WI (2 mi); Boyceville, WI (4 mi); Knapp, WI (7 mi); Woodville, WI (11 mi); Wheeler, WI (11 mi); each population is a US Census Bureau estimate.
  • Nearest smaller towns: Wilson, WI (7 mi); Maiden Rock, WI (35 mi); Stockholm, WI (39 mi) (US Census Bureau).

What a personal loan costs in Downing

Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.

APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.

Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.

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

Wisconsin lending rules that apply in Downing

The sourced rows below are the rules a licensed lender must follow when lending in Wisconsin, and therefore in Downing.

RuleDetailSource
State lending regulatorWisconsin Department of Financial Institutions (DFI), Division of Banking
Source says: "Department" means the department of financial institutions		Wisconsin State Legislature
as of 2026-09-16
Maximum legal interest rate (usury cap)12% per year maximum ($12 per $100) on the declining principal balance, except as authorized by other statutes (Wis. Stat. § 138.05(1)(a))
Source says: At the rate of $12 upon $100 for one year computed upon the declining principal balance of the loan or forbearance		Wisconsin State Legislature
as of 2026-09-16
Payday lending statusLegal and licensed by the DFI Division of Banking; statewide database tracking (Wis. Stat. § 138.14)
Source says: "Licensee" means a person holding a license issued by the division under sub. (5)		Wisconsin State Legislature
as of 2026-09-16
Small-loan / installment lender licensingLicensed lender license required from the Division of Banking (Wis. Stat. § 138.09)
Source says: Before any person may do business under this section, that person shall first obtain a license from the division.		Wisconsin State Legislature
as of 2026-09-16

How to compare offers in Downing

A few practical steps will make the process in Downing less costly:

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

Related