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Personal loans in Hodge, LA

A personal loan in Hodge is an unsecured installment loan for consolidation or a planned expense, and what it costs follows your credit, income and debts. Hodge has a Census-estimated population of 372, ranking 232nd among the 302 Census places in Louisiana. Rate caps and licensing for consumer lenders in Louisiana come from state law, and the sourced rows below set them out.

By the Personalloaned Editorial Team · Last updated 2026-09-16

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Hodge at a glance

  • Population: the Census estimates 372 residents, ranking 232nd of 302 places in Louisiana (Vintage 2023).
  • 2020 Census base: the 2020 count put the population at 385 (US Census Bureau).
  • 2020 to 2023 change: a loss of about 3.4% since the 2020 count (US Census Bureau).
  • Rank among Louisiana places: 232nd-largest of 302 (US Census Bureau, Vintage 2023 estimate).
  • Size percentile: roughly 23% of places in Louisiana rank below it by population (US Census Bureau).
  • Coordinates: 32.2700, -92.7297 (Census Gazetteer, US Census Bureau).
  • Nearest larger cities: Jonesboro, LA (3 mi); Chatham, LA (16 mi); Grambling, LA (18 mi); Simsboro, LA (18 mi); Ruston, LA (19 mi), each a US Census place with its estimated population.
  • Nearest smaller places: East Hodge, LA (1 mi); North Hodge, LA (1 mi); Quitman, LA (6 mi) (US Census Bureau estimates).

What a personal loan costs in Hodge

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.

The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.

Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.

Louisiana lending rules that apply in Hodge

The sourced rows below are the rules a licensed lender must follow when lending in Louisiana, and therefore in Hodge.

RuleDetailSource
Licensed-lender consumer loan finance charge caps36% 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 statusLegal 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 licensingConsumer 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 regulatorLouisiana 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 Hodge

The order below is a sensible way to approach a loan in Hodge:

  1. Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
  2. Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
  3. Pre-qualify with at least three lenders and compare the APR, not the interest rate.
  4. Check that the lender is licensed in Louisiana using the regulator named above.
  5. Read the disclosure for origination fees and any prepayment penalty before you sign.

Common questions

Frequently asked questions

Can I get a personal loan with bad credit in Hodge?
Yes, but expect a higher APR and possibly a smaller amount. Lenders that serve borrowers with lower scores are licensed statewide, so your options in Hodge are the same as elsewhere in Louisiana.
How much can I borrow with a personal loan in Hodge?
Loan amounts are set by each lender and depend on your income, credit and existing debts, so we do not quote a range we cannot source. The Consumer Financial Protection Bureau explains how lenders assess an application, and our personal loan calculator will model the payment for any amount before you apply.
Does a personal loan in Hodge require collateral?
Unsecured personal loans do not require collateral. A secured loan, such as a home-equity or auto-secured loan, does — and it puts the pledged asset at risk if you default.
Will shopping for a loan in Hodge hurt my credit?
Pre-qualification usually uses a soft credit pull that does not affect your score. A full application triggers a hard inquiry, which may lower your score by a few points temporarily.

Nearby places

Where these figures come from

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