Lyerly at a glance
- Population: 463 (US Census Bureau, Vintage 2023 subcounty estimate), the 397th-largest of 536 places in Georgia.
- 2020 Census base: 458 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: about 1.1% more residents than the 2020 Census base (US Census Bureau).
- Rank among Georgia places: 397th by size among 536 communities (US Census Bureau).
- Size percentile: it is larger than about 26% of the places in Georgia (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 34.4034, -85.4041.
- Nearest larger cities (120-mile radius): Summerville, GA (6 mi); Menlo, GA (7 mi); Trion, GA (11 mi); Rome, GA (16 mi); Valley Head, AL (16 mi) (US Census Bureau).
- Nearest smaller places: Gaylesville, AL (13 mi); Mentone, AL (15 mi); Hammondville, AL (18 mi) (US Census Bureau estimates).
What a personal loan costs in Lyerly
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
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 lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.
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.
Georgia lending rules that apply in Lyerly
The table carries the Georgia rate and licensing rules that apply to consumer loans made in Lyerly.
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | See the latest published figure value_text left null: Georgia's rate ceilings are set by O.C.G.A. Title 7, Chapter 4 (O.C.G.A. §§ 7-4-1 to 7-4-21); the Department of Banking and Finance does not publish the figure and the official code host could not be fetched, so no figure is asserted. | Georgia Department of Banking and Finance as of 2026-09-16 |
| Payday lending status | Prohibited (payday lending illegal in Georgia) Source says: "Payday lending is illegal in Georgia." | Georgia Department of Banking and Finance as of 2026-09-16 |
| Small-loan / installment lender licensing | Installment lender license required for loans of $3,000 or less Source says: "any entity making loans of $3,000.00 or less to individuals must be licensed with the Department as an installment lender". | Georgia Department of Banking and Finance as of 2026-09-16 |
| State lending regulator | Georgia Department of Banking and Finance (DBF) Source says: "The Non-depository division supervises mortgage lenders, mortgage brokers, and mortgage loan originators, as well as installment lenders, check cashers, and money transmitters". | Georgia Department of Banking and Finance as of 2026-09-16 |
| Installment Loan Act rate cap | 10% per annum of the face amount of the contract (licensed installment loans) Source says: "may charge interest at a rate not to exceed 10 percent per annum of the face amount of the contract". | Georgia Department of Banking and Finance as of 2026-09-16 |
How to compare offers in Lyerly
Run through this list before signing anything in Lyerly:
- 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 Georgia using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.