Delmar at a glance
- Population: the Census estimates 4,569 residents, ranking 48th of 157 places in Maryland (Vintage 2023).
- 2020 Census base: 3,810 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: population rose about 19.9% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Maryland places: 48th of 157 by population (US Census Bureau, Vintage 2023).
- Size percentile: it exceeds roughly 69% of Maryland's Census places by population (US Census Bureau).
- Coordinates: 38.4421, -75.5604 (US Census Bureau Gazetteer).
- Nearest larger cities (120-mile radius): Salisbury, MD (5 mi); Fruitland, MD (9 mi); Seaford, DE (15 mi); Millsboro, DE (17 mi); Georgetown, DE (19 mi) (US Census Bureau).
- Nearest smaller communities: Delmar, DE (2 mi); Hebron, MD (7 mi); Pittsville, MD (9 mi), each a US Census place.
What a personal loan costs in Delmar
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.
A lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
Maryland lending rules that apply in Delmar
Each row below is a Maryland rule with its publisher and the date it was retrieved.
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | 24% per year effective simple interest for qualifying loans (Md. Code Com. Law § 12-103(c)); otherwise 8% (written agreement) or 18% Source says: "a lender may charge an effective rate of simple interest not in excess of 24 percent per year on the unpaid principal balance" | Maryland General Assembly as of 2026-09-16 |
| Payday lending status | Regulated as consumer loans: licensing and statutory interest-rate limits apply to payday-style loans (OFR) Source says: "they are prohibited from charging or receiving an interest rate that is greater than authorized by the laws of this State" | Maryland Department of Labor, Office of Financial Regulation as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer Lender license required to make loans under the Maryland Consumer Loan Law (Com. Law § 12-301 et seq.) Source says: "A Consumer Lender is a business that makes any loan or advance of money or credit under the Maryland Consumer Loan Law" | Maryland Department of Labor, Office of Financial Regulation as of 2026-09-16 |
| State lending regulator | Office of Financial Regulation; Commissioner of Financial Regulation (Maryland Department of Labor) Source says: "is Maryland's consumer financial protection agency and financial services regulator" | Maryland Department of Labor as of 2026-09-16 |
| OFR consumer-loan interest-rate limits | 2.75%/month (33%/yr) on the first $1,000 of a loan ≤$2,000; 2%/month (24%/yr) thereafter and on loans over $2,000 Source says: "Maximum interest rate allowed by law is 2.75% per month or an annual interest rate of 33%" | Maryland Department of Labor, Office of Financial Regulation as of 2026-09-16 |
How to compare offers in Delmar
Before you share your details with a lender in Delmar:
- 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 Maryland using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.