Personal loans in Grant, AL

For a borrower among the roughly 1,057 residents of Grant, a personal loan is a tool whose cost turns on the terms, not the address. Grant is home to roughly 1,057 people and stands 251st by size out of 462 Census places in Alabama.

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

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From the 2020 Census base to the 2023 estimate, the population rose by about 1.6%. Use the calculator on this page to price an amount and term before you commit in Grant. For a bigger market, look to New Hope, AL about 9 miles away. A lender that serves Grant operates under Alabama lending statutes and a Alabama supervisor.

Grant: the sourced local profile

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

Population: about 1,057 people live here, which puts Grant 251st of 462 Census places in Alabama (Vintage 2023).
Population trend: About 1.6% above the 2020 Census base.
Net change: roughly 17 more people than the 2020 Census counted.
Size percentile: about 46% of Alabama communities are smaller than Grant (1,057 residents).
Population density: about 571 people per square mile (Census land area 1.9 sq mi).
Land area rank: Grant's 1.9 square miles rank 375th of 462 places in Alabama.
State share: roughly 0.0% of Alabama's residents live in Grant (1,057 people).
National rank: Grant is the 9,998th most populous of the 19,457 Census places covered here.
Growth in Alabama: Grant stands 150th by percentage change from 2020 to 2023, among 462 places.
Versus Alabama: the state average change is +1.0%, while Grant moved 1.6%.
Density in Alabama: Grant ranks 97th by people per square mile.
Density in context: Grant's 571 people per square mile sit against a Alabama median of 259.
Location: latitude 34.5182, longitude -86.2604 (Census Gazetteer).
Nearest larger cities: New Hope (9 mi); Guntersville (10 mi); Owens Cross Roads (12 mi); Scottsboro (15 mi); Albertville (18 mi). For most borrowers the comparison happens online, not at a branch.
Smaller communities close by: Woodville (8 mi); Langston (10 mi); Paint Rock (11 mi), each with its own Census population profile.
Within a 50-mile radius: 54 smaller Census places.
Larger places within 100 miles: 203.

How Alabama law applies in Grant

This table holds the Alabama rate and licensing rules for consumer loans made to Grant's 1,057 residents.

Rule	Detail	Source
State lending regulator	Alabama 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

The geography behind Grant

The Census Gazetteer records about 1.9 square miles of land within Grant, with no significant water area listed. Spread across it are roughly 571 residents per square mile. The largest place in Alabama, Huntsville, lies about 27 miles away. Within 50 miles of Grant there are 50 larger Census places. By land area it ranks 375th of 462 Alabama places.

What a Grant borrower is actually offered

With roughly 1,057 residents, Grant is a small community; its personal loans are typically unsecured, priced from your credit rather than the city's size. Two numbers drive a Grant loan: the APR, which includes fees, and the term, which decides how long you keep paying. A longer term lowers the monthly payment on a Grant loan but raises total interest, so the smallest payment is not the cheapest loan.

Getting a loan in Grant

At roughly 571 people per square mile, Grant is moderately settled; 50 larger places lie within 50 miles. What is available to Grant's 1,057 borrowers is set by Alabama licensing and your own credit, not by how many branches are nearby. For a larger market, the closest option is New Hope, AL about 9 miles away.

Steps to take before a Grant loan

Complete these steps first when you borrow in Grant (1,057 residents):

Start with the credit file: order the reports, fix the errors, then apply.
Price the payment first with our personal loan calculator before any lender quotes you.
Collect three or more offers and compare them on APR, not on the advertised rate.
Verify the lender's Alabama licence with the regulator listed on this page.
If the balances are already a strain, seek nonprofit credit counselling before adding a loan.
Look for an origination fee or prepayment penalty in the written disclosure.
Make sure the new payment leaves room in a budget you already keep.

None of these steps is Grant-specific: the same Alabama licensing and disclosure rules reach all 1,057 residents.

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Common questions

What are my options in Grant 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 Grant is the same as anywhere in Alabama.

What loan size can I expect in Grant?

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 Grant?

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 Grant 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

Woodville, AL — population 751
Guntersville, AL — population 9,028
New Hope, AL — population 2,927
Paint Rock, AL — population 179
Langston, AL — population 270
Owens Cross Roads, AL — population 2,917
Gurley, AL — population 850
Union Grove, AL — population 71