Lakin at a glance
- Population: 2,121 (US Census Bureau, Vintage 2023 subcounty estimate), the 113th-largest of 625 places in Kansas.
- 2020 Census base: 2,209 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: a decline of roughly 4.0% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Kansas places: 113th in population of 625 places (US Census Bureau).
- Size percentile: it exceeds roughly 82% of Kansas's Census places by population (US Census Bureau).
- Coordinates: latitude 37.9400, longitude -101.2584 (US Census Bureau Gazetteer).
- Nearest larger cities: Holcomb, KS (15 mi); Garden City, KS (22 mi); Ulysses, KS (26 mi); Scott City, KS (42 mi); Hugoton, KS (53 mi); US Census Bureau population estimates.
- Smaller towns nearby: Deerfield, KS (7 mi); Syracuse, KS (29 mi); Johnson City, KS (37 mi) (US Census Bureau).
What a personal loan costs in Lakin
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
Kansas lending rules that apply in Lakin
The table carries the Kansas rate and licensing rules that apply to consumer loans made in Lakin.
| Rule | Detail | Source |
|---|---|---|
| UCCC consumer loan rate caps | 36% on first $860 of unpaid balance; 21% above $860 (closed-end consumer loans) Source says: "36% on the unpaid principal balance which is $860 or less, and 21% on the unpaid principal balance which exceeds $860". | Kansas Office of the State Bank Commissioner as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 15% per annum (general contract-rate ceiling for written instruments) Source says: "may stipulate therein for interest receivable ... at a rate not to exceed 15% per annum unless otherwise specifically authorized by law". | Kansas Office of the Revisor of Statutes as of 2026-09-16 |
| Payday lending status | Permitted under license (payday cash advances of $500 or less; charge capped at 15%) Source says: "a licensed or supervised lender may charge an amount not to exceed 15% of the amount of the cash advance". | Kansas Office of the Revisor of Statutes as of 2026-09-16 |
| Small-loan / installment lender licensing | Supervised lender license required (supervised loans) Source says: "Unless a person is exempt from licensing ... such person shall not engage in the business of: (a) Making supervised loans". | Kansas Office of the Revisor of Statutes as of 2026-09-16 |
| State lending regulator | Kansas Office of the State Bank Commissioner (OSBC) Source says: "The Office of the State Bank Commissioner regulates all state-chartered banks, trust companies, mortgage businesses, supervised lenders, credit service organizations, earned wage access service providers, and money transmitters". | Kansas Office of the State Bank Commissioner as of 2026-09-16 |
How to compare offers in Lakin
Here is a short checklist for comparing personal loans in Lakin:
- 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 Kansas using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.