Fromberg at a glance
- Population: about 422 residents, ranking 85th of 127 Census places in Montana (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: 394 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: about 7.1% growth over the 2020 Census base (US Census Bureau).
- Rank among Montana places: 85th out of 127 Census places (US Census Bureau).
- Size percentile: about 33% of Montana's Census places are smaller (US Census Bureau).
- Coordinates: 45.3935 / -108.9015, per the US Census Bureau Gazetteer.
- Nearest larger cities: Bridger, MT (7 mi); Joliet, MT (7 mi); Laurel, MT (20 mi); Red Lodge, MT (22 mi); Columbus, MT (24 mi); US Census Bureau population estimates.
- Smaller places nearby: Bearcreek, MT (20 mi); Frannie, WY (32 mi); Deaver, WY (38 mi), per US Census Bureau estimates.
What a personal loan costs in Fromberg
Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.
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.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
Montana lending rules that apply in Fromberg
The table carries the Montana rate and licensing rules that apply to consumer loans made in Fromberg.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | Consumer loan license required under the Montana Consumer Loan Act (32-5-101); licensing through NMLS Source says: "A consumer loan license is needed to engage in business as defined in the Montana Consumer Loan Act" | Montana Department of Administration, Division of Banking and Financial Institutions as of 2026-09-16 |
| State lending regulator | Montana Division of Banking and Financial Institutions (BFID), Department of Administration Source says: "The Montana Division of Banking and Financial Institutions (Division) does all of its licensing through the Nationwide Multistate Licensing System (NMLS)." | Montana Department of Administration, Division of Banking and Financial Institutions as of 2026-09-16 |
| Deferred deposit loan license requirement (MCA 31-1-705) | A person may not engage in or offer to engage in the business of making deferred deposit loans unless licensed by the department Source says: "A person may not engage in or offer to engage in the business of making deferred deposit loans unless licensed by the department." | Montana Legislative Services Division (Montana Code Annotated) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | Greater of 15% or prime rate + 6 percentage points per year (written agreement); regulated lenders exempt Source says: "Parties may agree in writing to the payment of any rate of interest that does not exceed the greater of 15%" | Montana Legislative Services Division (Montana Code Annotated) as of 2026-09-16 |
| Payday lending status | Legal; deferred deposit lenders must be licensed; fee capped at 36% per annum Source says: "A licensee may not charge a fee for making or carrying each deferred deposit loan authorized by this part that exceeds 36% per annum" | Montana Legislative Services Division (Montana Code Annotated) as of 2026-09-16 |
How to compare offers in Fromberg
Before you share your details with a lender in Fromberg:
- 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 Montana using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.