Gratiot at a glance
- Population: about 222 residents, ranking 569th of 605 Census places in Wisconsin (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: 223 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: about 0.4% below the 2020 Census base (US Census Bureau).
- Rank among Wisconsin places: 569th of the state's 605 Census places (US Census Bureau).
- Size percentile: it exceeds roughly 6% of Wisconsin's Census places by population (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 42.5798, -90.0238.
- Nearest larger cities: Warren, IL (6 mi); Apple River, IL (6 mi); South Wayne, WI (8 mi); Darlington, WI (8 mi); Shullsburg, WI (11 mi) (Census populations, approximate straight-line distance).
- Nearest smaller places: Nora, IL (9 mi); Menominee, IL (27 mi); St. Donatus, IA (30 mi) (US Census Bureau estimates).
What a personal loan costs in Gratiot
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
Wisconsin lending rules that apply in Gratiot
Read the table as the compliance picture for a lender serving Gratiot: label, sourced figure, publisher and date.
| 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 Gratiot
Here is a short checklist for comparing personal loans in Gratiot:
- 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.