Elizabeth at a glance
- Population: roughly 400 people; 229th of 302 places in Louisiana (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 413 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: down about 3.1% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Louisiana places: 229th in population of 302 places (US Census Bureau).
- Size percentile: it exceeds roughly 24% of Louisiana's Census places by population (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 30.8657, -92.8018.
- Nearest larger cities (within 120 miles): Oakdale, LA (9 mi); Glenmora, LA (15 mi); Oberlin, LA (18 mi); Forest Hill, LA (21 mi); Turkey Creek, LA (23 mi) (US Census Bureau populations).
- Smaller towns nearby: McNary, LA (16 mi); Reeves, LA (28 mi); Fenton, LA (35 mi) (US Census Bureau).
What a personal loan costs in Elizabeth
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.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.
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 Elizabeth
The sourced rows below are the rules a licensed lender must follow when lending in Louisiana, and therefore in Elizabeth.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Elizabeth
Run through this list before signing anything in Elizabeth:
- 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.