Emmitsburg at a glance
- Population: 2,959 — 61st in Maryland, which has 157 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 2,766 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: population rose about 7.0% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Maryland places: 61st in population of 157 places (US Census Bureau).
- Size percentile: larger than about 61% of the Census places in Maryland (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 39.7052, -77.3213.
- Nearest larger cities (within 120 miles): Carroll Valley, PA (5 mi); Thurmont, MD (7 mi); Taneytown, MD (9 mi); Gettysburg, PA (10 mi); Littlestown, PA (13 mi) (US Census Bureau populations).
- Nearest smaller places: Fairfield, PA (6 mi); Woodsboro, MD (12 mi); Union Bridge, MD (12 mi) (US Census Bureau estimates).
What a personal loan costs in Emmitsburg
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Maryland lending rules that apply in Emmitsburg
The sourced rows below are the rules a licensed lender must follow when lending in Maryland, and therefore in Emmitsburg.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Emmitsburg
A few practical steps will make the process in Emmitsburg less costly:
- 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.