Taylor Mill at a glance
- Population: 6,937 residents, the 60th-largest of 416 places in Kentucky (US Census Bureau, Vintage 2023).
- 2020 Census base: 6,876 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: an increase of about 0.9% since the 2020 count (US Census Bureau).
- Rank among Kentucky places: the 60th-largest of 416 (US Census Bureau, 2023 estimate).
- Size percentile: it is larger than about 86% of the places in Kentucky (US Census Bureau).
- Coordinates: mapped at 39.0088, -84.4995 by the US Census Bureau Gazetteer.
- Nearest larger cities: Covington, KY (2 mi); Edgewood, KY (3 mi); Fort Mitchell, KY (4 mi); Independence, KY (4 mi); Newport, KY (5 mi), each a US Census place with its estimated population.
- Nearest smaller places: Fairview, KY (1 mi); Wilder, KY (2 mi); Highland Heights, KY (3 mi) (US Census Bureau estimates).
What a personal loan costs in Taylor Mill
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
Kentucky lending rules that apply in Taylor Mill
Where a figure is not published by the state, the row points to the source instead of guessing.
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | Up to 19% per annum, or 4% over the 90-day commercial-paper discount rate, whichever is less (by written agreement) Source says: "At a per annum rate not to exceed four percent (4%) in excess of the discount rate on ninety (90) day commercial paper ... or nineteen percent (19%), whichever is less". | Kentucky Legislative Research Commission (Kentucky Revised Statutes) as of 2026-09-16 |
| Payday lending status | Permitted under license (deferred deposit service business; payday loans) Source says: "The Kentucky Department of Financial Institutions (DFI) has secured the services of Veritec Solutions, LLC to provide a common database with real-time access for deferred deposit transactions". | Kentucky Department of Financial Institutions as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer Loan Company license required (KRS Chapter 286.4) Source says: "How to License a Consumer Loan Company: 1. Read KRS 286.4 and the applicable administrative regulations under KAR 808, Chapter 6". | Kentucky Department of Financial Institutions as of 2026-09-16 |
| State lending regulator | Kentucky Department of Financial Institutions (DFI) Source says: "The Department of Financial Institutions' mission is to serve Kentucky residents by promoting access to a stable financial industry, implementing effective and efficient regulatory oversight". | Kentucky Department of Financial Institutions as of 2026-09-16 |
| Consumer Loan Company license — statutory basis | License required from the commissioner to make loans at a greater rate of interest than otherwise permitted by law Source says: "No person shall, without first obtaining a license from the commissioner, engage in the business of making loans ... at a greater rate of interest". | Kentucky Legislative Research Commission (Kentucky Revised Statutes) as of 2026-09-16 |
How to compare offers in Taylor Mill
The order below is a sensible way to approach a loan in Taylor Mill:
- 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 Kentucky using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.