Redondo Beach at a glance
- Population: a Census-estimated 67,749, placing it 131st among California's 482 places (Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 count put the population at 71,569 (US Census Bureau).
- 2020 to 2023 change: about 5.3% lower than the 2020 Census base (US Census Bureau).
- Rank among California places: 131st of the state's 482 Census places (US Census Bureau).
- Size percentile: it is larger than about 73% of the places in California (US Census Bureau).
- Coordinates: latitude 33.8495, longitude -118.4008 (US Census Bureau Gazetteer).
- Nearest larger cities (120-mile radius): Torrance, CA (3 mi); Hawthorne, CA (5 mi); Inglewood, CA (8 mi); Carson, CA (9 mi); Compton, CA (10 mi) (US Census Bureau).
- Smaller towns nearby: Hermosa Beach, CA (1 mi); Manhattan Beach, CA (4 mi); Lawndale, CA (4 mi) (US Census Bureau).
What a personal loan costs in Redondo Beach
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
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.
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.
California lending rules that apply in Redondo Beach
The table carries the California rate and licensing rules that apply to consumer loans made in Redondo Beach.
| Rule | Detail | Source |
|---|---|---|
| Payday lending status | Permitted under the California Deferred Deposit Transaction Law; max $300 face amount; fee ≤15%; term up to 31 days Source says: "The face amount of the check shall not exceed three hundred dollars ($300)"; "A fee for a deferred deposit transaction shall not exceed 15 percent of the face amount of the check" (Financial Code § 23036). | California Legislature — Financial Code § 23035 (and § 23036) as of 2026-09-16 |
| Small-loan / installment lender licensing | Finance lender/broker license required from the Commissioner of Financial Protection and Innovation (California Financing Law) Source says: "No person shall engage in the business of a finance lender or broker without obtaining a license from the commissioner". | California Legislature — Financial Code § 22100 as of 2026-09-16 |
| State lending regulator | California Department of Financial Protection and Innovation (DFPI) Source says: "“Department” means the Department of Financial Protection and Innovation". | California Legislature — Financial Code § 23001 as of 2026-09-16 |
| 36% rate cap on mid-size consumer loans (AB 539) | Consumer loans of $2,500 to under $10,000: cap of 36% per annum simple interest plus the Federal Funds Rate Source says: "charges at a rate not exceeding an annual simple interest rate of 36 percent per annum plus the Federal Funds Rate". | California Legislature — Financial Code § 22304.5 as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 7% per annum default; written contracts may set up to 10% per annum for consumer-purpose loans Source says: "shall be 7 percent per annum"; "for use primarily for personal, family, or household purposes, at a rate not exceeding 10 percent per annum". | California Legislature — California Constitution, Article XV, § 1 as of 2026-09-16 |
How to compare offers in Redondo Beach
The steps below are worth completing first when you borrow in Redondo Beach:
- 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 California using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.