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Personal loans in Laurel, MT

The roughly 7,193 people who live in Laurel borrow under Montana rules; city hall sets no personal-loan rate. An estimated 7,193 people make their home in Laurel, a figure that ranks 13th in Montana. Laurel lost roughly 0.4% of its population across the 2020-to-2023 comparison. A lender that serves Laurel operates under Montana lending statutes and a Montana supervisor. If debt is already a strain, a nonprofit credit counsellor can help Laurel residents before they take on more. Borrowers who want a bigger city can look to Billings, MT about 13 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.

What the Census records for Laurel

The figures below are Laurel's own — Census population, land area and coordinates — followed by the Montana rules.

The Montana lending rules that reach Laurel

The rows below set out what a licensed lender must follow in Montana, and so for Laurel's roughly 7,193 residents.

RuleDetailSource
State lending regulatorMontana Division of Banking and Financial Institutions (BFID), Department of Administration
Source says: "The Montana Division of Banking and Financial Institutions (Division) does all of its licensing through the Nationwide Multistate Licensing System (NMLS)."		Montana Department of Administration, Division of Banking and Financial Institutions
as of 2026-09-16
Maximum legal interest rate (usury cap)Greater of 15% or prime rate + 6 percentage points per year (written agreement); regulated lenders exempt
Source says: "Parties may agree in writing to the payment of any rate of interest that does not exceed the greater of 15%"		Montana Legislative Services Division (Montana Code Annotated)
as of 2026-09-16
Payday lending statusLegal; deferred deposit lenders must be licensed; fee capped at 36% per annum
Source says: "A licensee may not charge a fee for making or carrying each deferred deposit loan authorized by this part that exceeds 36% per annum"		Montana Legislative Services Division (Montana Code Annotated)
as of 2026-09-16

Getting a loan in Laurel

Laurel is fairly dense, with about 2,761 people per square mile and 1 larger places within 50 miles. What is available to Laurel's 7,193 borrowers is set by Montana licensing and your own credit, not by how many branches are nearby. For a larger market, the closest option is Billings, MT about 13 miles away.

How personal loans work in Laurel

In Laurel, a small town of about 7,193, the amount is advanced up front and repaid in fixed installments; the city's size does not change the pricing. Two numbers drive a Laurel loan: the APR, which includes fees, and the term, which decides how long you keep paying. The term you choose in Laurel decides the split between a comfortable payment and the total interest you pay.

Laurel in state context

Against Montana's other places, Laurel accounts for about 1.2% of the state's population and ranks 13th of 127 by size. For population change between 2020 and 2023, Laurel ranks 88th of 127 in Montana (about the 31th percentile). At about 2,761 people per square mile, Laurel is the 3rd most densely settled place in Montana. Within 50 miles sit 10 smaller Census places, alongside the 1 that are larger.

The geography behind Laurel

Laurel's land area is roughly 2.6 square miles, and the Gazetteer records no significant water area within it. That land carries about 2,761 people per square mile. Billings, the largest place in Montana, is about 13 miles from Laurel. A 50-mile radius around Laurel takes in 1 places that are larger. By land area it ranks 22nd of 127 Montana places.

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 Laurel 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 Laurel is the same as anywhere in Montana.
What loan size can I expect in Laurel?
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 Laurel?
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 Laurel 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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