Personal loans in Powell, AL

Powell is a small community in Alabama, with an estimated 924 residents, and every licensed lender here follows the same state rulebook.

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.

A single loan can carry different costs on either side of a state line, and Powell sits on the Alabama side of that line. With an estimated 924 residents, Powell is the 267th-largest of 462 places in Alabama. For a community of about 924, the practical step is to compare APR across at least three lenders before committing. The trend for Powell between 2020 and 2023 is upward by roughly 1.5%. The nearest larger metro is Rainsville, AL about 4 miles away.

Powell: the sourced local profile

Read the local figures below as context; read the sourced Alabama table as the rulebook a lender here must follow.

Which Alabama laws govern a loan in Powell

Every row below records a Alabama rule, its publisher and its retrieval date — the same rules a Powell lender must follow.

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
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

What shapes a Powell personal loan

Powell is a small community of about 924 people, and the personal loans written here are mostly unsecured — no collateral, so the lender leans on your credit file. Two numbers drive a Powell loan: the APR, which includes fees, and the term, which decides how long you keep paying. The term you choose in Powell decides the split between a comfortable payment and the total interest you pay.

Powell's place among Alabama's 462 places

Powell is the 267th-largest of 462 Census places in Alabama and contains about 0.0% of the state's people. Its 2020-to-2023 change ranks 155th of 462 Alabama places, putting it near the 66th percentile for growth. At about 192 people per square mile, Powell is the 290th most densely settled place in Alabama. The population moved by about 14 people between 2020 and 2023, a 1.5% shift.

The geography behind Powell

Inside Powell's boundaries lie about 4.8 square miles of land, with no significant water area recorded. With 924 residents, the land area yields roughly 192 people per square mile. The largest place in Alabama, Huntsville, lies about 46 miles away. Within 50 miles of Powell there are 54 larger Census places. The 100-mile radius contains 231 larger places.

Getting a loan in Powell

With about 192 residents per square mile, Powell is lightly settled, and 54 larger Census places sit within 50 miles. Lenders licensed in Alabama reach Powell's 924 residents online, so the nearest branch is not what sets your APR. For a larger market, the closest option is Rainsville, AL about 4 miles away.

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