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Personal loans in Haysi, VA

A personal loan in Haysi is a fixed-payment installment loan, and the rate you are offered turns on your credit, your income and your existing debts. Haysi is home to about 477 people and ranks 170th among the 227 Census places in Virginia. Virginia's rate ceilings and lender-licensing requirements appear below, each with the publisher and date behind it.

By the Personalloaned Editorial Team · Last updated 2026-09-16

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Haysi at a glance

  • Population: 477 — 170th in Virginia, which has 227 Census places (US Census Bureau, Vintage 2023).
  • 2020 Census base: 485 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
  • 2020 to 2023 change: population fell about 1.6% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
  • Rank among Virginia places: 170th of 227 by population (US Census Bureau, Vintage 2023).
  • Size percentile: it exceeds roughly 25% of Virginia's Census places by population (US Census Bureau).
  • Coordinates: 37.2159, -82.2867 (Census Gazetteer, US Census Bureau).
  • Nearest larger cities: Elkhorn City, KY (8 mi); Clintwood, VA (10 mi); Grundy, VA (11 mi); Pound, VA (19 mi); Jenkins, KY (20 mi) — straight-line distances, US Census Bureau populations.
  • Nearest smaller towns: Clinchco, VA (5 mi); Cleveland, VA (20 mi); Wheelwright, KY (25 mi) — US Census Bureau populations.

What a personal loan costs in Haysi

A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.

Because the APR includes origination and finance charges, it is the honest comparison number; the personal loan calculator turns an APR and term into a monthly payment.

Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.

Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.

Virginia lending rules that apply in Haysi

Every figure in the table below is sourced to a publisher with a date; where a state does not publish a number, we say so rather than estimate.

RuleDetailSource
Small-loan / installment lender licensingConsumer 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 regulatorVirginia 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 statusLegal 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 Haysi

Before you share your details with a lender in Haysi:

  1. Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
  2. Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
  3. Pre-qualify with at least three lenders and compare the APR, not the interest rate.
  4. Check that the lender is licensed in Virginia using the regulator named above.
  5. Read the disclosure for origination fees and any prepayment penalty before you sign.

Common questions

Frequently asked questions

Can I get a personal loan with bad credit in Haysi?
Yes, but expect a higher APR and possibly a smaller amount. Lenders that serve borrowers with lower scores are licensed statewide, so your options in Haysi are the same as elsewhere in Virginia.
How much can I borrow with a personal loan in Haysi?
Loan amounts are set by each lender and depend on your income, credit and existing debts, so we do not quote a range we cannot source. The Consumer Financial Protection Bureau explains how lenders assess an application, and our personal loan calculator will model the payment for any amount before you apply.
Does a personal loan in Haysi require collateral?
Unsecured personal loans do not require collateral. A secured loan, such as a home-equity or auto-secured loan, does — and it puts the pledged asset at risk if you default.
Will shopping for a loan in Haysi hurt my credit?
Pre-qualification usually uses a soft credit pull that does not affect your score. A full application triggers a hard inquiry, which may lower your score by a few points temporarily.

Nearby places

Where these figures come from

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