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 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.
- Population: 7,708 residents; Montevallo is the 82nd-largest of 462 places in Alabama (US Census Bureau, Vintage 2023).
- Population trend: About 6.7% above the 2020 Census base.
- Change in people: the 2020-to-2023 comparison is a gain of about 481 residents.
- Size percentile: roughly 82% of Alabama places rank below Montevallo.
- Density: the Census land area of 12.9 sq mi holds about 598 people per square mile.
- Land area rank: Montevallo's 12.9 square miles rank 117th of 462 places in Alabama.
- Water: Montevallo holds about 0.28 square miles, the 55th-largest water area in Alabama.
- Share of state population: Montevallo's 7,708 residents are about 0.2% of Alabama.
- National rank: Montevallo sits 3,763rd by population among the 19,457 places in this dataset.
- Growth rank: Montevallo ranks 45th among Alabama's 462 places for the 2020-to-2023 change.
- State comparison: Alabama's places average +1.0% for 2020-to-2023, against Montevallo's 6.7%.
- Density rank: Montevallo places 90th among Alabama's places by people per square mile.
- Against the state median: Montevallo runs about 598 residents per square mile, where the Alabama median is 259.
- Location: the Census Gazetteer records it at 33.1261, -86.8477.
- Nearest larger cities: Calera (6 mi); Alabaster (6 mi); Helena (11 mi); Pelham (15 mi); Hoover (17 mi). A branch is convenient; it is not what sets your APR.
- Smaller places nearby: Wilton (4 mi); Jemison (13 mi); Columbiana (14 mi).
- Smaller neighbours: 61 places smaller than Montevallo sit within 50 miles.
- At 100 miles: 53 larger Census places fall inside that radius.
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.
| 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 |
| Payday lending status | Permitted — 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 licensing | Alabama 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.
Common questions
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Nearby places
- Wilton, AL — population 593
- Alabaster, AL — population 34,107
- Calera, AL — population 18,189
- Helena, AL — population 22,117
- Jemison, AL — population 2,941
- Pelham, AL — population 25,121
- Columbiana, AL — population 4,812
- Thorsby, AL — population 2,148