Lake Arthur at a glance
- Population: 2,565 — 101st in Louisiana, which has 302 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 2,591 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: down roughly 1.0% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Louisiana places: 101st of the state's 302 Census places (US Census Bureau).
- Size percentile: about 67% of Louisiana's Census places are smaller (US Census Bureau).
- Coordinates: mapped at 30.0800, -92.6774 by the US Census Bureau Gazetteer.
- Nearest larger cities: Jennings, LA (10 mi); Welsh, LA (13 mi); Crowley, LA (20 mi); Iowa, LA (23 mi); Kaplan, LA (24 mi), each a US Census place with its estimated population.
- Nearest smaller communities: Mermentau, LA (9 mi); Gueydan, LA (11 mi); Morse, LA (11 mi) (Census populations).
What a personal loan costs in Lake Arthur
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
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.
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 Lake Arthur
The table carries the Louisiana rate and licensing rules that apply to consumer loans made in Lake Arthur.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Lake Arthur
These steps are the ones that most affect the offer you receive in Lake Arthur:
- 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.