Derby Center at a glance
- Population: about 634, 26th by size in Vermont of 40 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 count put the population at 649 (US Census Bureau).
- 2020 to 2023 change: about 2.3% below the 2020 Census base (US Census Bureau).
- Rank among Vermont places: 26th out of 40 Census places (US Census Bureau).
- Size percentile: about 35% of Vermont's Census places are smaller (US Census Bureau).
- Coordinates: 44.9546, -72.1362 (US Census Bureau Gazetteer).
- Nearest larger cities within 120 miles: Derby Line, VT (3 mi); Newport, VT (4 mi); Orleans, VT (11 mi); Barton, VT (14 mi); Lyndonville, VT (30 mi) (US Census Bureau).
- Nearest smaller towns: North Troy, VT (13 mi); Albany, VT (20 mi); West Burke, VT (23 mi) — US Census Bureau populations.
What a personal loan costs in Derby Center
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
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.
Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.
A useful rule is to keep the new payment inside the room your budget already has, so the loan eases pressure instead of adding to it.
Vermont lending rules that apply in Derby Center
The sourced rows below are the rules a licensed lender must follow when lending in Vermont, and therefore in Derby Center.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | Lender license required from the Commissioner (8 V.S.A. ch. 73, § 2201) Source says: Without first obtaining a license under this chapter from the Commissioner, a person shall not | Vermont General Assembly (Vermont Statutes Online) as of 2026-09-16 |
| State lending regulator | Vermont Department of Financial Regulation (DFR), Banking Division Source says: The Banking Division regulates the below listed non-depository financial services. | Vermont Department of Financial Regulation (DFR) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 12% per annum general legal rate; 18% permitted for certain single-payment loans by regulated lenders (9 V.S.A. § 41a) Source says: the rate of interest or the sum allowed for forbearance or use of money shall be 12 percent per annum computed by the actuarial method | Vermont General Assembly (Vermont Statutes Online) as of 2026-09-16 |
| Payday lending status | Prohibited — payday loans (postdated check lending) are explicitly banned in Vermont Source says: Payday loans (loans contingent on a postdated payment instrument) are explicitly banned. | Vermont Attorney General as of 2026-09-16 |
How to compare offers in Derby Center
Run through this list before signing anything in Derby Center:
- 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 Vermont using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.