Hammond at a glance
- Population: 22,527 residents, the 12th-largest of 302 places in Louisiana (US Census Bureau, Vintage 2023).
- 2020 Census base: 19,623 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: up about 14.8% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Louisiana places: 12th largest of 302 (US Census Bureau).
- Size percentile: larger than about 96% of the Census places in Louisiana (US Census Bureau).
- Coordinates: it sits at 30.5056, -90.4565 in the US Census Bureau Gazetteer.
- Nearest larger cities (within 120 miles): Central, LA (35 mi); Kenner, LA (36 mi); Slidell, LA (43 mi); New Orleans, LA (44 mi); Houma, LA (66 mi) (US Census Bureau populations).
- Nearest smaller communities: Ponchatoula, LA (5 mi); Tickfaw, LA (5 mi); Albany, LA (8 mi) (Census populations).
What a personal loan costs in Hammond
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
Compare offers on APR rather than the headline rate — the APR includes most fees, and you can model the total with our personal loan calculator.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
Louisiana lending rules that apply in Hammond
Each row below is a Louisiana rule with its publisher and the date it was retrieved.
| 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 Hammond
Before you commit to a personal loan in Hammond, work through these steps:
- 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.