Grafton at a glance
- Population: about 4,589, 28th by size in West Virginia of 230 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 4,731 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
- 2020 to 2023 change: about 3.0% lower than the 2020 Census base (US Census Bureau).
- Rank among West Virginia places: 28th by size among 230 communities (US Census Bureau).
- Size percentile: larger than about 88% of the Census places in West Virginia (US Census Bureau).
- Coordinates: 39.3406 / -80.0161, per the US Census Bureau Gazetteer.
- Nearest larger cities: Fairmont, WV (12 mi); Bridgeport, WV (12 mi); Clarksburg, WV (19 mi); Morgantown, WV (21 mi); Buckhannon, WV (27 mi) (Census populations, approximate straight-line distance).
- Nearest smaller communities: Flemington, WV (8 mi); Newburg, WV (9 mi); White Hall, WV (11 mi), each a US Census place.
What a personal loan costs in Grafton
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
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.
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.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
West Virginia lending rules that apply in Grafton
Read the table as the compliance picture for a lender serving Grafton: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | 31% per year on unsecured loans of $3,500 or less; 27% on $3,500–$15,000; 18% above $15,000 (W. Va. Code § 46A-4-107) Source says: the loan finance charge, calculated according to the actuarial method, may not exceed 31 percent per year | West Virginia Legislature (West Virginia Code) as of 2026-09-16 |
| Payday lending status | Traditional payday lending is generally prohibited; check cashers are regulated under W. Va. Code ch. 32A Source says: Traditional "Payday Lenders" are generally prohibited within this state. | West Virginia Division of Financial Institutions (WV DFI) as of 2026-09-16 |
| Small-loan / installment lender licensing | Regulated consumer lender license required from the Commissioner (W. Va. Code § 46A-4-101) Source says: Unless a person has first obtained a license from the commissioner authorizing the person to make regulated consumer loans | West Virginia Legislature (West Virginia Code) as of 2026-09-16 |
| State lending regulator | West Virginia Division of Financial Institutions (WV DFI) Source says: The West Virginia Division of Financial Institutions is charged with the regulation and supervision of financial institutions chartered by the State of West Virginia. | West Virginia Division of Financial Institutions (WV DFI) as of 2026-09-16 |
How to compare offers in Grafton
These steps are the ones that most affect the offer you receive in Grafton:
- 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 West Virginia using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.