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Personal loans in Waverly, KY

For a borrower in Waverly, a personal loan is a sum repaid in equal monthly installments, priced mainly from your credit profile, income and debt load. With roughly 304 people, Waverly ranks 341st of 416 Census places in Kentucky. The sourced table below shows the Kentucky rate caps and licensing requirements that reach every loan made here.

By the Personalloaned Editorial Team · Last updated 2026-09-16

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Waverly at a glance

  • Population: 304, the 341st-largest community in Kentucky out of 416 (US Census Bureau, Vintage 2023).
  • 2020 Census base: 313 residents (US Census Bureau, 2020 Census).
  • 2020 to 2023 change: down about 2.9% from the 2020 Census base to the 2023 estimate (US Census Bureau).
  • Rank among Kentucky places: 341st-largest of 416 (US Census Bureau, Vintage 2023 estimate).
  • Size percentile: it is larger than about 18% of the places in Kentucky (US Census Bureau).
  • Coordinates: latitude 37.7097, longitude -87.8151 (US Census Bureau Gazetteer).
  • Nearest larger cities: Morganfield, KY (4 mi); Corydon, KY (6 mi); Uniontown, KY (8 mi); Sturgis, KY (15 mi); Dixon, KY (15 mi); US Census Bureau population estimates.
  • Smaller towns nearby: Wheatcroft, KY (15 mi); Old Shawneetown, IL (18 mi); Slaughters, KY (23 mi) (US Census Bureau).

What a personal loan costs in Waverly

With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.

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.

Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.

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.

Kentucky lending rules that apply in Waverly

The sourced rows below are the rules a licensed lender must follow when lending in Kentucky, and therefore in Waverly.

RuleDetailSource
Consumer Loan Company license — statutory basisLicense 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
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 statusPermitted 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 licensingConsumer 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 regulatorKentucky 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

How to compare offers in Waverly

Here is a short checklist for comparing personal loans in Waverly:

  1. Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
  2. Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
  3. Pre-qualify with at least three lenders and compare the APR, not the interest rate.
  4. Check that the lender is licensed in Kentucky using the regulator named above.
  5. Read the disclosure for origination fees and any prepayment penalty before you sign.

Common questions

Frequently asked questions

Can I get a personal loan with bad credit in Waverly?
Yes, but expect a higher APR and possibly a smaller amount. Lenders that serve borrowers with lower scores are licensed statewide, so your options in Waverly are the same as elsewhere in Kentucky.
How much can I borrow with a personal loan in Waverly?
Loan amounts are set by each lender and depend on your income, credit and existing debts, so we do not quote a range we cannot source. The Consumer Financial Protection Bureau explains how lenders assess an application, and our personal loan calculator will model the payment for any amount before you apply.
Does a personal loan in Waverly require collateral?
Unsecured personal loans do not require collateral. A secured loan, such as a home-equity or auto-secured loan, does — and it puts the pledged asset at risk if you default.
Will shopping for a loan in Waverly hurt my credit?
Pre-qualification usually uses a soft credit pull that does not affect your score. A full application triggers a hard inquiry, which may lower your score by a few points temporarily.

Nearby places

Where these figures come from

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