Elmwood at a glance
- Population: 810 people, the 397th-largest place among Wisconsin's 605 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 825 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: roughly 1.8% fewer residents than at the 2020 Census (US Census Bureau).
- Rank among Wisconsin places: 397th-largest of 605 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: about 34% of Wisconsin's Census places are smaller (US Census Bureau).
- Coordinates: 44.7801, -92.1490 (US Census Bureau Gazetteer).
- Nearest larger cities: Spring Valley, WI (7 mi); Woodville, WI (13 mi); Menomonie, WI (14 mi); Durand, WI (14 mi); Baldwin, WI (16 mi); US Census Bureau population estimates.
- Nearest smaller communities: Plum City, WI (10 mi); Knapp, WI (12 mi); Wilson, WI (12 mi) (Census populations).
What a personal loan costs in Elmwood
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less overall.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Wisconsin lending rules that apply in Elmwood
Every figure in the table below is sourced to a publisher with a date; where a state does not publish a number, we say so rather than estimate.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Wisconsin 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 status | Legal 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 licensing | Licensed 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 Elmwood
The steps below are worth completing first when you borrow in Elmwood:
- 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 Wisconsin using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.