Fredericksburg at a glance
- Population: 28,928 — 19th in Virginia, which has 227 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 27,973 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
- 2020 to 2023 change: roughly 3.4% higher than at the 2020 Census (US Census Bureau).
- Rank among Virginia places: 19th in population of 227 places (US Census Bureau).
- Size percentile: roughly 92% of Virginia's places have fewer residents (US Census Bureau).
- Coordinates: mapped at 38.2993, -77.4867 by the US Census Bureau Gazetteer.
- Nearest larger cities: Manassas, VA (31 mi); Alexandria, VA (42 mi); Washington, DC (49 mi); Richmond, VA (53 mi); Leesburg, VA (56 mi); US Census Bureau population estimates.
- Smaller places close by: Port Royal, VA (18 mi); Bowling Green, VA (19 mi); Quantico, VA (19 mi) (US Census Bureau).
What a personal loan costs in Fredericksburg
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.
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.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
Virginia lending rules that apply in Fredericksburg
Read the table as the compliance picture for a lender serving Fredericksburg: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Fredericksburg
Here is a short checklist for comparing personal loans in Fredericksburg:
- 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.