Shongaloo at a glance
- Population: 143 (US Census Bureau, Vintage 2023 subcounty estimate), the 286th-largest of 302 places in Louisiana.
- 2020 Census base: 149 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: down about 4.0% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Louisiana places: 286th of the state's 302 Census places (US Census Bureau).
- Size percentile: larger than about 5% of the Census places in Louisiana (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 32.9403, -93.2932.
- Nearest larger cities: Cullen, LA (9 mi); Haynesville, LA (9 mi); Sarepta, LA (10 mi); Springhill, LA (11 mi); Cotton Valley, LA (12 mi), each a US Census place with its estimated population.
- Smaller towns nearby: Gilliam, LA (33 mi); Mount Lebanon, LA (33 mi); Lillie, LA (37 mi) (US Census Bureau).
What a personal loan costs in Shongaloo
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
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.
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.
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.
Louisiana lending rules that apply in Shongaloo
The table lists the Louisiana rules that apply to a loan made in Shongaloo, each with the regulator that published it.
| 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 Shongaloo
The steps below are worth completing first when you borrow in Shongaloo:
- 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.