Palmyra at a glance
- Population: 1,693 — 281st in Wisconsin, which has 605 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 count put the population at 1,730 (US Census Bureau).
- 2020 to 2023 change: down roughly 2.1% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Wisconsin places: 281st in population of 605 places (US Census Bureau).
- Size percentile: it exceeds roughly 54% of Wisconsin's Census places by population (US Census Bureau).
- Coordinates: latitude 42.8812, longitude -88.5981 (US Census Bureau Gazetteer).
- Nearest larger cities within 120 miles: Eagle, WI (7 mi); Whitewater, WI (8 mi); North Prairie, WI (11 mi); Dousman, WI (11 mi); East Troy, WI (12 mi) (US Census Bureau).
- Nearest smaller towns: Sullivan, WI (9 mi); Oconomowoc Lake, WI (17 mi); Nashotah, WI (17 mi) — US Census Bureau populations.
What a personal loan costs in Palmyra
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
A useful rule is to keep the new payment inside the room your budget already has, so the loan eases pressure instead of adding to it.
Wisconsin lending rules that apply in Palmyra
The Wisconsin rate caps and licensing rules that reach Palmyra are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Wisconsin 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 status | Legal 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 |
| Small-loan / installment lender licensing | Licensed 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 |
How to compare offers in Palmyra
These steps are the ones that most affect the offer you receive in Palmyra:
- 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 Wisconsin using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.