Personal loans in Collinsville, AL

The Census counts 2,064 people in Collinsville, the 180th-largest figure among Alabama's 462 places.

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.

With roughly 2,064 residents, Collinsville is a small community, and the lending rules its borrowers live under are written in Alabama, not by the city. Price two or three terms so you can see which payment is truly affordable in Collinsville. State law, not city hall, decides what a lender may do to Collinsville's roughly 2,064 residents, and a state regulator supervises it. Census figures put the 2020-to-2023 increase in Collinsville at about 0.4%. A larger market lies at Centre, AL about 14 miles away.

What the Census records for Collinsville

Here is the sourced Census picture for Collinsville, plus the Alabama lending rules that apply to a loan taken out here.

Inside a Collinsville personal loan

A Collinsville personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 2,064 residents. The APR tracks your credit score rather than Collinsville's rank of 180th in Alabama: a strong file may earn a single-digit rate, while damaged credit can push the rate far higher. Because the payment is fixed, the total cost of a Collinsville loan is knowable in advance — unlike a revolving card balance.

Alabama consumer-lending rules applied in Collinsville

For the roughly 2,064 residents of Collinsville, the rules below are Alabama's own; each row carries its publisher and retrieval date.

RuleDetailSource
State lending regulatorAlabama State Banking Department — Bureau of Loans (BOL)
Source says: "The Bureau of Loans (hereinafter “the BOL”) was established in 1945". The BOL administers the Small Loan Act, Consumer Credit Act, Pawn Shop Act, Mortgage Brokers Licensing Act, Deferred Presentment Services Act and SAFE Act.		Alabama State Banking Department
as of 2026-09-16
Small-loan / installment lender licensingAlabama Small Loan Act license required from the supervisor for loans under $1,500; interest capped at 3% per month on the first $200 and 2% per month on $200–$1,500
Source says: "No person shall engage in the business of lending in amounts of less than one thousand five hundred dollars ($1,500)"; "without first having obtained a license from the supervisor"; "not exceeding three percent a month on that part of the unpaid principal balance not in excess of two hundred dollars".		Alabama State Banking Department — Alabama Small Loan Act (Code of Alabama §§ 5-18-1 et seq.)
as of 2026-09-16
Parity lending rate provision (§ 8-8-1.1)Any lender may charge the same rates as any federally or state-chartered or licensed lending institution in Alabama
Source says: "may, on any loans or extensions of credit made by them, charge or impose the same rate of interest or finance charge".		Alabama Legislature — Code of Alabama 1975, § 8-8-1.1
as of 2026-09-16

Borrowing reach in Collinsville

At roughly 617 people per square mile, Collinsville is moderately settled; 34 larger places lie within 50 miles. Lenders licensed in Alabama reach Collinsville's 2,064 residents online, so the nearest branch is not what sets your APR. The nearest larger city, Centre, AL about 14 miles away.

A pre-application checklist for Collinsville

A sensible order of operations for a loan in Collinsville, home to about 2,064 people:

  1. Get all three reports, dispute anything wrong, and keep the corrected file for your applications.
  2. Price the payment first with our personal loan calculator before any lender quotes you.
  3. Gather at least three pre-qualified offers and line up the APR, not the headline rate.
  4. Check the Alabama regulator's records to confirm the lender is licensed here.
  5. Check the disclosure for fees that raise the true cost above the quoted rate.
  6. Check that the monthly payment fits your budget next to your existing obligations.
  7. Pick the shortest term whose payment you can comfortably afford.

None of these steps is Collinsville-specific: the same Alabama licensing and disclosure rules reach all 2,064 residents.

How Collinsville compares across Alabama

Collinsville is the 180th-largest of 462 Census places in Alabama and contains about 0.1% of the state's people. Its 2020-to-2023 change ranks 228th of 462 Alabama places, putting it near the 51th percentile for growth. At about 617 people per square mile, Collinsville is the 86th most densely settled place in Alabama. The population moved by about 9 people between 2020 and 2023, a 0.4% shift.

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 Collinsville 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 Collinsville is the same as anywhere in Alabama.
What loan size can I expect in Collinsville?
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 Collinsville?
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 Collinsville 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.

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