Sarepta at a glance
- Population: about 683, 186th by size in Louisiana of 302 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 716 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
- 2020 to 2023 change: about 4.6% lower than the 2020 Census base (US Census Bureau).
- Rank among Louisiana places: 186th by size among 302 communities (US Census Bureau).
- Size percentile: about 38% of places in Louisiana are smaller (US Census Bureau).
- Coordinates: latitude 32.8950, longitude -93.4515 (US Census Bureau Gazetteer).
- Nearest larger cities: Cotton Valley, LA (6 mi); Springhill, LA (7 mi); Plain Dealing, LA (14 mi); Haynesville, LA (19 mi); Minden, LA (22 mi) (Census populations, approximate straight-line distance).
- Smaller places close by: Cullen, LA (5 mi); Shongaloo, LA (10 mi); Taylor, AR (14 mi) (US Census Bureau).
What a personal loan costs in Sarepta
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
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.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
Louisiana lending rules that apply in Sarepta
The table lists the Louisiana rules that apply to a loan made in Sarepta, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Sarepta
Before you commit to a personal loan in Sarepta, work through these steps:
- 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.