Personal loans in Waverly, KY

Waverly shed about 2.9% of its population between the 2020 base and the 2023 estimate. The first question in Waverly is not the rate on offer but whether the payment fits; about 304 people live here under Kentucky lending law.

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.

An estimated 304 people make their home in Waverly, a figure that ranks 341st in Kentucky. The nearest larger metro is Morganfield, KY about 4 miles away. Consumer lending that reaches Waverly's 304 residents is governed by Kentucky statute; no city ordinance changes it. If debt is already a strain, a nonprofit credit counsellor can help Waverly residents before they take on more.

Local context for Waverly

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

Waverly's place among Kentucky's 416 places

Waverly is the 341st-largest of 416 Census places in Kentucky and contains about 0.0% of the state's people. On the 2020-to-2023 trend, Waverly stands 370th among Kentucky's 416 places — roughly the 11th percentile. At about 1,139 people per square mile, Waverly is the 193rd most densely settled place in Kentucky. Within 50 miles sit 31 smaller Census places, alongside the 72 that are larger.

Inside a Waverly personal loan

A Waverly personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 304 residents. The rate you see advertised is a range, not a promise, until a lender reviews your file in Waverly. The term you choose in Waverly decides the split between a comfortable payment and the total interest you pay.

The state rulebook for Waverly

Read the table as a lender's compliance picture for Waverly: the rule, the sourced figure, the publisher and the date.

RuleDetailSource
State lending regulatorKentucky Department of Financial Institutions (DFI)
Source says: "The Department of Financial Institutions' mission is to serve Kentucky residents by promoting access to a stable financial industry, implementing effective and efficient regulatory oversight".		Kentucky Department of Financial Institutions
as of 2026-09-16
Maximum legal interest rate (usury cap)Up to 19% per annum, or 4% over the 90-day commercial-paper discount rate, whichever is less (by written agreement)
Source says: "At a per annum rate not to exceed four percent (4%) in excess of the discount rate on ninety (90) day commercial paper ... or nineteen percent (19%), whichever is less".		Kentucky Legislative Research Commission (Kentucky Revised Statutes)
as of 2026-09-16
Payday lending statusPermitted under license (deferred deposit service business; payday loans)
Source says: "The Kentucky Department of Financial Institutions (DFI) has secured the services of Veritec Solutions, LLC to provide a common database with real-time access for deferred deposit transactions".		Kentucky Department of Financial Institutions
as of 2026-09-16

What is available to Waverly borrowers

Waverly is moderately settled, with about 1,139 people per square mile and 72 larger places within 50 miles. Lenders licensed in Kentucky reach Waverly's 304 residents online, so the nearest branch is not what sets your APR. The nearest larger city, Morganfield, KY about 4 miles away.

The geography behind Waverly

Waverly covers about 0.3 square miles of land (Census Gazetteer); no significant water area is recorded inside its boundaries. The resulting density is about 1,139 people per square mile. The largest place in Kentucky, Lexington-Fayette, lies about 184 miles away. A 50-mile radius around Waverly takes in 72 places that are larger. Within the same 50 miles lie 31 smaller Census 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 Waverly 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 Waverly is the same as anywhere in Kentucky.
What loan size can I expect in Waverly?
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 Waverly?
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 Waverly 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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