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Personal loans in Merrillan, WI

For residents of Merrillan, a personal loan is a lump sum with a fixed repayment schedule, and its cost reflects your credit, income and debt-to-income picture. Census estimates count about 546 residents in Merrillan, making it the 461st-largest of 605 places in Wisconsin. The table below carries the Wisconsin rate caps and licensing rules that apply to a personal loan taken out here.

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

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Merrillan at a glance

  • Population: 546 (US Census Bureau, Vintage 2023 subcounty estimate), the 461st-largest of 605 places in Wisconsin.
  • 2020 Census base: 566 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
  • 2020 to 2023 change: about 3.5% below the 2020 Census base (US Census Bureau).
  • Rank among Wisconsin places: 461st-largest of 605 (US Census Bureau, Vintage 2023 estimate).
  • Size percentile: it is larger than about 24% of the places in Wisconsin (US Census Bureau).
  • Coordinates: latitude 44.4506, longitude -90.8345 (US Census Bureau Gazetteer).
  • Nearest larger cities: Black River Falls, WI (11 mi); Neillsville, WI (14 mi); Osseo, WI (21 mi); Augusta, WI (21 mi); Blair, WI (24 mi) — straight-line distances, US Census Bureau populations.
  • Smaller towns nearby: Alma Center, WI (4 mi); Hixton, WI (10 mi); Fairchild, WI (12 mi) (US Census Bureau).

What a personal loan costs in Merrillan

A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.

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.

Wisconsin lending rules that apply in Merrillan

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

RuleDetailSource
Small-loan / installment lender licensingLicensed lender license required from the Division of Banking (Wis. Stat. § 138.09)
Source says: Before any person may do business under this section, that person shall first obtain a license from the division.		Wisconsin State Legislature
as of 2026-09-16
State lending regulatorWisconsin Department of Financial Institutions (DFI), Division of Banking
Source says: "Department" means the department of financial institutions		Wisconsin State Legislature
as of 2026-09-16
Maximum legal interest rate (usury cap)12% per year maximum ($12 per $100) on the declining principal balance, except as authorized by other statutes (Wis. Stat. § 138.05(1)(a))
Source says: At the rate of $12 upon $100 for one year computed upon the declining principal balance of the loan or forbearance		Wisconsin State Legislature
as of 2026-09-16
Payday lending statusLegal and licensed by the DFI Division of Banking; statewide database tracking (Wis. Stat. § 138.14)
Source says: "Licensee" means a person holding a license issued by the division under sub. (5)		Wisconsin State Legislature
as of 2026-09-16

How to compare offers in Merrillan

Here is a short checklist for comparing personal loans in Merrillan:

  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 Wisconsin 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 Merrillan?
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 Merrillan are the same as elsewhere in Wisconsin.
How much can I borrow with a personal loan in Merrillan?
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 Merrillan 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 Merrillan 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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