McKenney at a glance
- Population: 460 people, the 174th-largest place among Virginia's 227 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 454 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: up about 1.3% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Virginia places: the 174th-largest of 227 (US Census Bureau, 2023 estimate).
- Size percentile: roughly 23% of Virginia's places have fewer residents (US Census Bureau).
- Coordinates: latitude 36.9854, longitude -77.7219 (US Census Bureau Gazetteer).
- Nearest larger cities: Blackstone, VA (17 mi); Lawrenceville, VA (17 mi); Jarratt, VA (18 mi); Emporia, VA (22 mi); Kenbridge, VA (23 mi); each population is a US Census Bureau estimate.
- Nearest smaller communities: Alberta, VA (13 mi); Stony Creek, VA (18 mi); Brodnax, VA (26 mi) (Census populations).
What a personal loan costs in McKenney
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
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.
A lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Virginia lending rules that apply in McKenney
The sourced rows below are the rules a licensed lender must follow when lending in Virginia, and therefore in McKenney.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in McKenney
Here is a short checklist for comparing personal loans in McKenney:
- 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.