Franklin at a glance
- Population: 909 residents, the 122nd-largest of 527 places in Nebraska (US Census Bureau, Vintage 2023).
- 2020 Census base: 938 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: population fell about 3.1% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Nebraska places: 122nd in population of 527 places (US Census Bureau).
- Size percentile: about 77% of Nebraska's Census places are smaller (US Census Bureau).
- Coordinates: 40.0965 / -98.9514, per the US Census Bureau Gazetteer.
- Nearest larger cities: Alma, NE (22 mi); Red Cloud, NE (23 mi); Smith Center, KS (24 mi); Minden, NE (28 mi); Phillipsburg, KS (31 mi); each population is a US Census Bureau estimate.
- Nearest smaller towns: Bloomington, NE (5 mi); Naponee, NE (10 mi); Riverton, NE (10 mi) — US Census Bureau populations.
What a personal loan costs in Franklin
Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.
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.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
Nebraska lending rules that apply in Franklin
Read the table as the compliance picture for a lender serving Franklin: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | Delayed Deposit Services Licensing Act (Neb. Rev. Stat. 45-901 to 45-931) Source says: "Sections 45-901 to 45-931 shall be known and may be cited as the Delayed Deposit Services Licensing Act." | Nebraska Legislature (Nebraska Revised Statutes) as of 2026-09-16 |
| State lending regulator | Nebraska Department of Banking and Finance (NDBF) Source says: "The Nebraska Department of Banking and Finance is a state agency under the direct supervision of the Governor." | Nebraska Department of Banking and Finance as of 2026-09-16 |
| Delayed deposit services (payday) licensing administration | NDBF publishes delayed deposit services license guidelines, statutes, and a licensed-business search Source says: "Delayed Deposit Services (Payday Lenders)" | Nebraska Department of Banking and Finance as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 16% per annum maximum on agreed interest (unpaid principal balance) Source says: "any rate of interest which may be agreed upon, not exceeding sixteen percent per annum on the unpaid principal balance, shall be valid" | Nebraska Legislature (Nebraska Revised Statutes) as of 2026-09-16 |
| Payday lending status | Capped at 36% APR (Initiative 428, 2020); violating transactions are void Source says: "A licensee shall not impose an annual percentage rate greater than thirty-six percent in connection with a delayed deposit transaction." | Nebraska Legislature (Nebraska Revised Statutes) as of 2026-09-16 |
How to compare offers in Franklin
Run through this list before signing anything in Franklin:
- 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 Nebraska using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.