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Personal loans in Double Springs, AL

For the 1,114 people in Double Springs, Alabama runs its own consumer-lending licensing, and the sourced table below lists the figures that apply. Two households in Double Springs with comparable incomes can still be offered different rates; the city's 1,114 residents are not the reason. At about 1,114 residents, Double Springs is larger than roughly 47% of the places in Alabama. Double Springs's population held flat through the 2020-to-2023 comparison. Use the calculator on this page to price an amount and term before you commit in Double Springs. The closest larger place is Haleyville, AL about 14 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.

Double Springs: the sourced local profile

Most of what governs a Double Springs loan is written in Alabama law rather than in the city; the sourced notes below make that split concrete.

Which Alabama laws govern a loan in Double Springs

The rows below set out what a licensed lender must follow in Alabama, and so for Double Springs's roughly 1,114 residents.

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
Payday lending statusPermitted — deferred presentment services licensed by the supervisor; maximum advance $500; maximum fee 17.5% of amount advanced
Source says: "a maximum fee on any deferred presentment transaction not to exceed 17.5 percent of the amount advanced"; "The maximum amount that may be advanced in any deferred presentment transaction is five hundred dollars ($500)".		Alabama State Banking Department — Deferred Presentment Services Act (Code of Alabama §§ 5-18A-1 et seq.)
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

Double Springs on the map

Double Springs covers about 5.1 square miles of land, with 0.02 square miles of water inside its boundaries (Census Gazetteer). That land carries about 218 people per square mile. For the state's biggest city, Huntsville, the distance is roughly 56 miles. Within 50 miles of Double Springs there are 44 larger Census places. The 100-mile radius contains 177 larger places.

Double Springs's place among Alabama's 462 places

Within Alabama, Double Springs holds roughly 0.0% of all residents, the 247th-largest share among 462 places. For population change between 2020 and 2023, Double Springs ranks 239th of 462 in Alabama (about the 48th percentile). At about 218 people per square mile, Double Springs is the 263rd most densely settled place in Alabama. Within 50 miles sit 48 smaller Census places, alongside the 44 that are larger.

Borrowing reach in Double Springs

Double Springs is lightly settled, with about 218 people per square mile and 44 larger places within 50 miles. Lenders licensed in Alabama reach Double Springs's 1,114 residents online, so the nearest branch is not what sets your APR. For a larger market, the closest option is Haleyville, AL about 14 miles away.

What shapes a Double Springs personal loan

With roughly 1,114 residents, Double Springs is a small community; its personal loans are typically unsecured, priced from your credit rather than the city's size. Federal Truth in Lending rules require a Double Springs lender to disclose the APR and finance charge before you sign. Shortening the term on a Double Springs 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 Double Springs 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 Double Springs is the same as anywhere in Alabama.
What loan size can I expect in Double Springs?
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 Double Springs?
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 Double Springs 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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