Personal loans in Montevallo, AL

If you are weighing a personal loan in Montevallo, start from the payment you can carry; its 7,708 residents face the same statewide rules. Read the disclosure for an origination fee and any prepayment penalty before signing in Montevallo.

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.

By population, Montevallo sits at 82nd in Alabama, with an estimated 7,708 residents. Every figure below is Alabama's own, applied to Montevallo's 7,708 residents, with the publisher and retrieval date attached. Census figures put the 2020-to-2023 increase in Montevallo at about 6.7%. A larger market lies at Calera, AL about 6 miles away.

Where Montevallo stands

Montevallo is a small town; the notes below cover its population profile and the statewide rules that apply.

How personal loans work in Montevallo

A Montevallo personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 7,708 residents. The rate you see advertised is a range, not a promise, until a lender reviews your file in Montevallo. Shortening the term on a Montevallo loan raises the monthly payment but cuts the interest; lengthening it does the reverse.

What Alabama law requires in Montevallo

For the roughly 7,708 residents of Montevallo, the rules below are Alabama's own; each row carries its publisher and retrieval date.

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

Where Montevallo sits

Inside Montevallo's boundaries lie roughly 12.9 square miles of land and 0.28 square miles of water. The resulting density is about 598 people per square mile. The state's population centre of gravity, Huntsville, is roughly 109 miles away. Montevallo has 29 larger places within a 50-mile radius. Within the same 50 miles lie 61 smaller Census places.

Borrowing reach in Montevallo

At roughly 598 people per square mile, Montevallo is moderately settled; 29 larger places lie within 50 miles. Lenders licensed in Alabama reach Montevallo's 7,708 residents online, so the nearest branch is not what sets your APR. The nearest larger city, Calera, AL about 6 miles away.

Montevallo against the rest of Alabama

Montevallo is the 82nd-largest of 462 Census places in Alabama and contains about 0.2% of the state's people. For population change between 2020 and 2023, Montevallo ranks 45th of 462 in Alabama (about the 90th percentile). By density, at about 598 people per square mile, it ranks 90th in Alabama. By land area, its 12.9 square miles rank 117th of 462 places in Alabama.

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