Franklinville at a glance
- Population: about 1,240, 313th by size in North Carolina of 549 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 count put the population at 1,201 (US Census Bureau).
- 2020 to 2023 change: about 3.2% growth over the 2020 Census base (US Census Bureau).
- Rank among North Carolina places: 313th out of 549 Census places (US Census Bureau).
- Size percentile: ahead of around 43% of North Carolina places in population terms (US Census Bureau).
- Coordinates: it sits at 35.7413, -79.6912 in the US Census Bureau Gazetteer.
- Nearest larger cities: Ramseur, NC (2 mi); Asheboro, NC (7 mi); Randleman, NC (8 mi); Liberty, NC (10 mi); Siler City, NC (13 mi); each population is a US Census Bureau estimate.
- Smaller places close by: Staley, NC (9 mi); Seagrove, NC (15 mi); Alamance, NC (23 mi) (US Census Bureau).
What a personal loan costs in Franklinville
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.
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.
Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less overall.
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.
North Carolina lending rules that apply in Franklinville
The table carries the North Carolina rate and licensing rules that apply to consumer loans made in Franklinville.
| Rule | Detail | Source |
|---|---|---|
| Consumer Finance Act installment loan rates (G.S. 53-176) | 33% per annum on unpaid balance up to $4,000; 24% on $4,000-$8,000; 18% on the remainder (loans up to $12,000); 18% for loans above $12,000 Source says: "thirty-three percent (33%) per annum on that part of the unpaid principal balance not exceeding four thousand dollars ($4,000)" | North Carolina General Assembly as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | For loans of $25,000 or less: greater of the 6-month U.S. Treasury bill rate + 6% or 16% (G.S. 24-1.1(c)); any agreed rate above $25,000 Source says: "plus six percent (6%), rounded upward or downward ... or sixteen percent (16%), whichever is greater" | North Carolina General Assembly as of 2026-09-16 |
| Payday lending status | Payday lenders shut down in North Carolina; online payday lending remains an enforcement target Source says: "Payday Lenders: Shut Down In NC, But Still Victimizing Borrowers Online" | North Carolina Department of Justice (Office of the Attorney General) as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer Finance Act license from the Commissioner of Banks required for loans of $25,000 or less charging more than Chapter 24 rates Source says: "Direct lenders seeking to charge rates higher than allowed under Chapter 24 on consumer term loans of twenty-five thousand dollars ($25,000) or less" | North Carolina Office of the Commissioner of Banks as of 2026-09-16 |
| State lending regulator | North Carolina Office of the Commissioner of Banks (NCCOB) Source says: "Lenders operating under the CFA must be licensed by and are subject to regulation by the NCCOB." | North Carolina Office of the Commissioner of Banks as of 2026-09-16 |
How to compare offers in Franklinville
Before you commit to a personal loan in Franklinville, work through these steps:
- 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 North Carolina using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.