Philipsburg at a glance
- Population: 910, the 59th-largest community in Montana out of 127 (US Census Bureau, Vintage 2023).
- 2020 Census base: 839 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: about 8.5% more residents than the 2020 Census base (US Census Bureau).
- Rank among Montana places: 59th of the state's 127 Census places (US Census Bureau).
- Size percentile: larger than about 54% of the Census places in Montana (US Census Bureau).
- Coordinates: 46.3324, -113.2960 (Census Gazetteer, US Census Bureau).
- Nearest larger cities (120-mile radius): Anaconda-Deer Lodge, MT (18 mi); Deer Lodge, MT (27 mi); Stevensville, MT (40 mi); Hamilton, MT (42 mi); Missoula, MT (51 mi) (US Census Bureau).
- Nearest smaller towns: Drummond, MT (24 mi); Walkerville, MT (42 mi); Pinesdale, MT (44 mi) (US Census Bureau).
What a personal loan costs in Philipsburg
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Montana lending rules that apply in Philipsburg
Read the table as the compliance picture for a lender serving Philipsburg: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | Consumer loan license required under the Montana Consumer Loan Act (32-5-101); licensing through NMLS Source says: "A consumer loan license is needed to engage in business as defined in the Montana Consumer Loan Act" | Montana Department of Administration, Division of Banking and Financial Institutions as of 2026-09-16 |
| State lending regulator | Montana Division of Banking and Financial Institutions (BFID), Department of Administration Source says: "The Montana Division of Banking and Financial Institutions (Division) does all of its licensing through the Nationwide Multistate Licensing System (NMLS)." | Montana Department of Administration, Division of Banking and Financial Institutions as of 2026-09-16 |
| Deferred deposit loan license requirement (MCA 31-1-705) | A person may not engage in or offer to engage in the business of making deferred deposit loans unless licensed by the department Source says: "A person may not engage in or offer to engage in the business of making deferred deposit loans unless licensed by the department." | Montana Legislative Services Division (Montana Code Annotated) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | Greater of 15% or prime rate + 6 percentage points per year (written agreement); regulated lenders exempt Source says: "Parties may agree in writing to the payment of any rate of interest that does not exceed the greater of 15%" | Montana Legislative Services Division (Montana Code Annotated) as of 2026-09-16 |
| Payday lending status | Legal; deferred deposit lenders must be licensed; fee capped at 36% per annum Source says: "A licensee may not charge a fee for making or carrying each deferred deposit loan authorized by this part that exceeds 36% per annum" | Montana Legislative Services Division (Montana Code Annotated) as of 2026-09-16 |
How to compare offers in Philipsburg
A few practical steps will make the process in Philipsburg less costly:
- 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 Montana using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.