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Personal loans in Five Points, AL

A personal loan in Five Points is priced from your credit file and income, not from the fact that the city holds 117 people. Lenders active in Five Points report to a Alabama supervisor, identified in the sourced rows below. An estimated 117 people make their home in Five Points, a figure that ranks 441st in Alabama. Verify the lender's Alabama licence against the regulator named below before borrowing in Five Points. Population in Five Points dropped about 0.8% over the three years from 2020 to 2023. The closest larger place is La Fayette, AL about 9 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.

Five Points: population, trend and location

Two layers matter for a Five Points borrower: the local population picture and Alabama's consumer-lending statutes.

What is available to Five Points borrowers

At roughly 114 people per square mile, Five Points is lightly settled; 67 larger places lie within 50 miles. Lenders licensed in Alabama reach Five Points's 117 residents online, so the nearest branch is not what sets your APR. The nearest bigger place is La Fayette, AL about 9 miles away.

Where Five Points sits

Inside Five Points's boundaries lie about 1.0 square miles of land, with no significant water area recorded. With 117 residents, the land area yields roughly 114 people per square mile. For the state's biggest city, Huntsville, the distance is roughly 139 miles. A 50-mile radius around Five Points takes in 67 places that are larger. Within the same 50 miles lie 3 smaller Census places.

How Alabama law applies in Five Points

Alabama has no separate rate rule for Five Points; the sourced rows below are what reach every lender that serves its 117 people.

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
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
Maximum legal interest rate (usury cap)6% per annum without a written contract; 8% per annum by written contract
Source says: "except by written contract is $6 upon $100 for one year"; "the rate of interest by written contract is not to exceed $8 upon $100 for one year". (Code text retrieved from the Alabama Legislature's official Code of Alabama service.)		Alabama Legislature — Code of Alabama 1975, § 8-8-1
as of 2026-09-16

How personal loans work in Five Points

Most loans made to Five Points's 117 residents are unsecured, so nothing is pledged and the lender relies on your credit history. The APR tracks your credit score rather than Five Points's rank of 441st 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 Five Points loan is knowable in advance — unlike a revolving card balance.

A practical checklist for Five Points borrowers

Before you hand your details to a lender in Five Points, where the population is near 117:

  1. Get all three reports, dispute anything wrong, and keep the corrected file for your applications.
  2. Model the payment on the calculator before a lender models it for you.
  3. Shop at least three lenders and judge them on APR and total cost.
  4. Check the Alabama regulator's records to confirm the lender is licensed here.
  5. Look for an origination fee or prepayment penalty in the written disclosure.
  6. Make sure the new payment leaves room in a budget you already keep.
  7. Choose a term you can live with; stretching it lowers the payment but raises total interest.

What differs between Five Points and the rest of Alabama is not the process but the borrower's own file, among the 117 people here.

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