Abingdon at a glance
- Population: 8,325 residents, the 44th-largest of 227 places in Virginia (US Census Bureau, Vintage 2023).
- 2020 Census base: 8,377 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: a decline of roughly 0.6% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Virginia places: 44th largest of 227 (US Census Bureau).
- Size percentile: roughly 81% of places in Virginia rank below it by population (US Census Bureau).
- Coordinates: mapped at 36.7067, -81.9716 by the US Census Bureau Gazetteer.
- Nearest larger cities within 120 miles: Bristol, VA (12 mi); Bristol, TN (17 mi); Elizabethton, TN (29 mi); Johnson City, TN (34 mi); Kingsport, TN (34 mi) (US Census Bureau).
- Nearest smaller towns: Damascus, VA (11 mi); Glade Spring, VA (12 mi); Lebanon, VA (15 mi) — US Census Bureau populations.
What a personal loan costs in Abingdon
A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
Virginia lending rules that apply in Abingdon
The table lists the Virginia rules that apply to a loan made in Abingdon, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| Payday lending status | Legal via licensed short-term lenders; interest capped at a 36% simple annual rate plus limited fees (Va. Code § 6.2-1817) Source says: Interest at a simple annual rate not to exceed 36 percent | Virginia General Assembly (Code of Virginia) as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer finance license required from the State Corporation Commission (Va. Code § 6.2-1501) Source says: No person shall engage in the business of making loans to individuals for personal, family, household, or other nonbusiness purposes | Virginia General Assembly (Code of Virginia) as of 2026-09-16 |
| State lending regulator | Virginia State Corporation Commission, Bureau of Financial Institutions (BFI) Source says: The Bureau of Financial Institutions (BFI) is a regulatory division of the Virginia State Corporation Commission (SCC.) | Virginia State Corporation Commission (SCC) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 12% per year maximum contract rate, except as otherwise permitted by law (Va. Code § 6.2-303) Source says: no contract shall be made for the payment of interest on a loan at a rate that exceeds 12 percent per year | Virginia General Assembly (Code of Virginia) as of 2026-09-16 |
How to compare offers in Abingdon
Here is a short checklist for comparing personal loans in Abingdon:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Virginia using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.