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Personal loans in Beaver Dam, KY

The first question in Beaver Dam is not the rate on offer but whether the payment fits; about 3,498 people live here under Kentucky lending law. State law, not city hall, decides what a lender may do to Beaver Dam's roughly 3,498 residents, and a state regulator supervises it. The Census counts 3,498 people in Beaver Dam, the 98th-largest figure among Kentucky's 416 places. Compare APR, not the interest rate, because the APR folds in most fees on a Beaver Dam loan. From the 2020 Census base to the 2023 estimate, the population declined by about 1.1%. The closest larger city is Central City, KY about 16 miles away.

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

Compare loan offers Run the numbers first

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Where Beaver Dam stands

Only a few things actually differ by place — population, area, location, and the Kentucky rules a lender must follow — and they are below.

Kentucky consumer-lending rules applied in Beaver Dam

The rows below set out what a licensed lender must follow in Kentucky, and so for Beaver Dam's roughly 3,498 residents.

RuleDetailSource
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
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

Steps to take before a Beaver Dam loan

Before you apply in Beaver Dam, a community of about 3,498, work through these steps:

  1. Order your free credit reports and dispute anything inaccurate — it is the cheapest way to move the rate you are offered.
  2. Price the payment first with our personal loan calculator before any lender quotes you.
  3. Shop at least three lenders and judge them on APR and total cost.
  4. Verify the lender's Kentucky licence with the regulator listed on this page.
  5. Keep the amount to the expense; an approval is not a reason to take more.
  6. Decide the purpose and how you will repay it before approaching any lender.
  7. If the balances are already a strain, seek nonprofit credit counselling before adding a loan.

None of these steps is Beaver Dam-specific: the same Kentucky licensing and disclosure rules reach all 3,498 residents.

Beaver Dam in state context

Set beside Kentucky's 416 places, Beaver Dam ranks 98th by population and holds about 0.2% of the state total. For population change between 2020 and 2023, Beaver Dam ranks 258th of 416 in Kentucky (about the 38th percentile). At about 1,151 people per square mile, Beaver Dam is the 189th most densely settled place in Kentucky. The population moved by about 39 people between 2020 and 2023, a 1.1% shift.

Beaver Dam on the map

Beaver Dam covers about 3.0 square miles of land (Census Gazetteer); no significant water area is recorded inside its boundaries. With 3,498 residents, the land area yields roughly 1,151 people per square mile. For the state's biggest city, Lexington-Fayette, the distance is roughly 139 miles. Beaver Dam has 10 larger places within a 50-mile radius. The 100-mile radius contains 80 larger places.

The anatomy of a Beaver Dam personal loan

Beaver Dam is a small community of about 3,498 people, and the personal loans written here are mostly unsecured — no collateral, so the lender leans on your credit file. Because pricing is borrower-level, two people in Beaver Dam can be quoted different APRs on the same amount and term. Shortening the term on a Beaver Dam loan raises the monthly payment but cuts the interest; lengthening it does the reverse.

Compare personal loan offers Run the numbers first

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Common questions

What are my options in Beaver Dam if my credit is poor?
Borrowing is still possible, but expect a higher APR and a smaller approved amount. Lenders that accept lower scores hold statewide licences, so what is open to you in Beaver Dam is the same as anywhere in Kentucky.
What loan size can I expect in Beaver Dam?
Most personal loans sit somewhere between $1,000 and $50,000, though the figure you are approved for turns on the lender, your income and your credit. Model the monthly payment first with our personal loan calculator.
Do I have to pledge anything to borrow in Beaver Dam?
For an unsecured personal loan, no — there is nothing to pledge. A secured loan, such as home equity or one secured by a vehicle, does require collateral, and default puts that asset at risk.
Does comparing loans in Beaver Dam cost me credit score points?
Not during pre-qualification, which normally uses a soft pull and leaves your score alone. Submitting a full application triggers a hard inquiry, which can trim a few points briefly.

Nearby places

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