Oak Ridge at a glance
- Population: 116 people, the 291st-largest place among Louisiana's 302 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 Census recorded 125 residents here (US Census Bureau).
- 2020 to 2023 change: down about 7.2% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Louisiana places: 291st largest of 302 (US Census Bureau).
- Size percentile: larger than about 4% of the Census places in Louisiana (US Census Bureau).
- Coordinates: 32.6244, -91.7731 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Collinston, LA (7 mi); Mer Rouge, LA (11 mi); Rayville, LA (11 mi); Bastrop, LA (13 mi); Epps, LA (17 mi); US Census Bureau population estimates.
- Smaller places close by: Felsenthal, AR (37 mi); Downsville, LA (37 mi); Mound, LA (48 mi) (US Census Bureau).
What a personal loan costs in Oak Ridge
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
Louisiana lending rules that apply in Oak Ridge
Every figure in the table below is sourced to a publisher with a date; where a state does not publish a number, we say so rather than estimate.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Oak Ridge
Run through this list before signing anything in Oak Ridge:
- 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.