Kaplan at a glance
- Population: about 4,165 residents, ranking 68th of 302 Census places in Louisiana (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: 4,344 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: population fell about 4.1% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Louisiana places: the 68th-largest of 302 (US Census Bureau, 2023 estimate).
- Size percentile: it exceeds roughly 77% of Louisiana's Census places by population (US Census Bureau).
- Coordinates: 30.0060 latitude, -92.2839 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Abbeville, LA (10 mi); Crowley, LA (16 mi); Rayne, LA (16 mi); Youngsville, LA (18 mi); Scott, LA (20 mi), each a US Census place with its estimated population.
- Nearest smaller communities: Maurice, LA (12 mi); Gueydan, LA (13 mi); Erath, LA (15 mi), each a US Census place.
What a personal loan costs in Kaplan
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total 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.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
Louisiana lending rules that apply in Kaplan
The table lists the Louisiana rules that apply to a loan made in Kaplan, each with the regulator that published it.
| 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 Kaplan
The steps below are worth completing first when you borrow in Kaplan:
- 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.