Jarratt at a glance
- Population: 635 people, the 156th-largest place among Virginia's 227 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 Census recorded 656 residents here (US Census Bureau).
- 2020 to 2023 change: down roughly 3.2% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Virginia places: 156th of 227 by population (US Census Bureau, Vintage 2023).
- Size percentile: ahead of around 31% of Virginia places in population terms (US Census Bureau).
- Coordinates: latitude 36.8160, longitude -77.4689 (US Census Bureau Gazetteer).
- Nearest larger cities: Emporia, VA (9 mi); Lawrenceville, VA (22 mi); Courtland, VA (24 mi); Gaston, NC (24 mi); Waverly, VA (26 mi) (Census populations, approximate straight-line distance).
- Nearest smaller communities: Stony Creek, VA (10 mi); Capron, VA (17 mi); McKenney, VA (18 mi) (Census populations).
What a personal loan costs in Jarratt
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.
Virginia lending rules that apply in Jarratt
The table lists the Virginia rules that apply to a loan made in Jarratt, each with the regulator that published it.
| 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 Jarratt
The steps below are worth completing first when you borrow in Jarratt:
- 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.