St. Martinville at a glance
- Population: roughly 5,255 people; 57th of 302 places in Louisiana (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 5,430 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: about 3.2% below the 2020 Census base (US Census Bureau).
- Rank among Louisiana places: 57th out of 302 Census places (US Census Bureau).
- Size percentile: roughly 81% of places in Louisiana rank below it by population (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 30.1270, -91.8311.
- Nearest larger cities: Broussard, LA (7 mi); New Iberia, LA (8 mi); Youngsville, LA (10 mi); Breaux Bridge, LA (12 mi); Scott, LA (18 mi), each a US Census place with its estimated population.
- Smaller towns nearby: Parks, LA (6 mi); Loreauville, LA (7 mi); Henderson, LA (13 mi) (US Census Bureau).
What a personal loan costs in St. Martinville
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
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.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.
Louisiana lending rules that apply in St. Martinville
Every figure in the table below is sourced to a publisher with a date; where a state does not publish a number, we say so rather than estimate.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in St. Martinville
The order below is a sensible way to approach a loan in St. Martinville:
- 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.