Clarksville at a glance
- Population: roughly 1,302 people; 119th of 227 places in Virginia (Census Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 count put the population at 1,301 (US Census Bureau).
- 2020 to 2023 change: an increase of about 0.1% since the 2020 count (US Census Bureau).
- Rank among Virginia places: 119th of the state's 227 Census places (US Census Bureau).
- Size percentile: about 48% of places in Virginia are smaller (US Census Bureau).
- Coordinates: latitude 36.6182, longitude -78.5645 (US Census Bureau Gazetteer).
- Nearest larger cities: Chase City, VA (14 mi); South Boston, VA (20 mi); Oxford, NC (21 mi); Henderson, NC (22 mi); South Hill, VA (25 mi) (Census populations, approximate straight-line distance).
- Smaller places nearby: Boydton, VA (10 mi); Stovall, NC (12 mi); Virgilina, VA (13 mi), per US Census Bureau estimates.
What a personal loan costs in Clarksville
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
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.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
Virginia lending rules that apply in Clarksville
The Virginia rate caps and licensing rules that reach Clarksville are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Clarksville
Run through this list before signing anything in Clarksville:
- 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.