Personal loans in Midfield, AL

By population, Midfield sits at 107th in Alabama, with an estimated 4,960 residents. In Midfield, one of 462 Census places in Alabama, the figure to compare across lenders is the APR, not the advertised rate.

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

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.

Census figures put the 2020-to-2023 decrease in Midfield at about 4.7%. For a community of about 4,960, the practical step is to compare APR across at least three lenders before committing. Rate ceilings, licensing requirements and product limits for Midfield are all set at the Alabama level. The closest larger place is Fairfield, AL about 1 miles away.

Midfield: population, trend and location

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

Getting a loan in Midfield

Midfield is moderately settled, with about 1,867 people per square mile and 37 larger places within 50 miles. A Alabama licence lets a lender serve Midfield without a local office, so branch density does not change what its 4,960 residents are offered. The nearest bigger place is Fairfield, AL about 1 miles away.

Alabama consumer-lending rules applied in Midfield

When Alabama does not publish a figure, the row links to the source instead of inventing a number; Midfield is bound by the same rules.

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

Midfield on the map

Midfield covers about 2.7 square miles of land (Census Gazetteer); no significant water area is recorded inside its boundaries. The resulting density is about 1,867 people per square mile. For the state's biggest city, Huntsville, the distance is roughly 87 miles. Within 50 miles of Midfield there are 37 larger Census places. Within the same 50 miles lie 67 smaller Census places.

Midfield's place among Alabama's 462 places

Set beside Alabama's 462 places, Midfield ranks 107th by population and holds about 0.2% of the state total. On the 2020-to-2023 trend, Midfield stands 430th among Alabama's 462 places — roughly the 7th percentile. At about 1,867 people per square mile, Midfield is the 6th most densely settled place in Alabama. In land area, Midfield ranks 344th among Alabama's 462 places.

Inside a Midfield personal loan

A Midfield personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 4,960 residents. Because pricing is borrower-level, two people in Midfield can be quoted different APRs on the same amount and term. The term you choose in Midfield decides the split between a comfortable payment and the total interest you pay.

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