Glassboro at a glance
- Population: about 23,987, 40th by size in New Jersey of 323 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 23,155 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: an increase of about 3.6% since the 2020 count (US Census Bureau).
- Rank among New Jersey places: 40th by size among 323 communities (US Census Bureau).
- Size percentile: it exceeds roughly 88% of New Jersey's Census places by population (US Census Bureau).
- Coordinates: 39.7001, -75.1114 (Census Gazetteer, US Census Bureau).
- Nearest larger cities (120-mile radius): Camden, NJ (16 mi); Chester, PA (17 mi); Vineland, NJ (17 mi); Bridgeton, NJ (20 mi); Philadelphia, PA (21 mi) (US Census Bureau).
- Smaller towns nearby: Pitman, NJ (2 mi); Clayton, NJ (3 mi); Wenonah, NJ (7 mi) (US Census Bureau).
What a personal loan costs in Glassboro
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
New Jersey lending rules that apply in Glassboro
The table carries the New Jersey rate and licensing rules that apply to consumer loans made in Glassboro.
| Rule | Detail | Source |
|---|---|---|
| Payday lending status | Unlicensed payday lending violates New Jersey's civil and criminal usury rates; payday lenders must be licensed Source says: "out-of-state or foreign entities that have not obtained the required New Jersey license and whose payment terms violate New Jersey's civil and criminal usury rates" | New Jersey Department of Banking and Insurance as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer lender license required for loans of $50,000 or less for personal, family, or household purposes (N.J.S.A. 17:11C-1 et seq.) Source says: "A consumer lender license is required for the making of a loan that is to be used primarily for personal, family or household purposes" | New Jersey Department of Banking and Insurance as of 2026-09-16 |
| State lending regulator | New Jersey Department of Banking and Insurance (DOBI); Office of Consumer Finance supervises consumer lenders Source says: "The Office of Consumer Finance regulates 16 types of businesses that provide a variety of consumer financial services." | New Jersey Department of Banking and Insurance as of 2026-09-16 |
| Criminal usury limits | 30% for non-corporate borrowers; 50% for corporations Source says: "the criminal usury limitation is 50 percent for corporations and 30 percent for non-corporate borrowers" | New Jersey Department of Banking and Insurance as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | Civil usury: rates above 6% (agreement not in writing) or above 16% (written contract specifying the rate) Source says: "the civil usury rate is any interest rate greater than 6 percent for an agreement that is not in writing" | New Jersey Department of Banking and Insurance as of 2026-09-16 |
How to compare offers in Glassboro
These steps are the ones that most affect the offer you receive in Glassboro:
- 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 New Jersey using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.