Parks at a glance
- Population: 634 residents, the 192nd-largest of 302 places in Louisiana (US Census Bureau, Vintage 2023).
- 2020 Census base: 642 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: a loss of about 1.2% since the 2020 count (US Census Bureau).
- Rank among Louisiana places: the 192nd-largest of 302 (US Census Bureau, 2023 estimate).
- Size percentile: it is larger than about 36% of the places in Louisiana (US Census Bureau).
- Coordinates: mapped at 30.2178, -91.8276 by the US Census Bureau Gazetteer.
- Nearest larger cities: St. Martinville, LA (6 mi); Breaux Bridge, LA (6 mi); Henderson, LA (7 mi); Broussard, LA (9 mi); Loreauville, LA (12 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller places: Cankton, LA (19 mi); Rosedale, LA (27 mi); Grosse Tete, LA (27 mi) (US Census Bureau estimates).
What a personal loan costs in Parks
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.
Because the APR includes origination and finance charges, it is the honest comparison number; the personal loan calculator turns an APR and term into a monthly payment.
The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Louisiana lending rules that apply in Parks
The sourced rows below are the rules a licensed lender must follow when lending in Louisiana, and therefore in Parks.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Parks
These steps are the ones that most affect the offer you receive in Parks:
- 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.