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Personal loans in Mineral, VA

Borrowers in Mineral use personal loans to consolidate balances or cover a one-time cost, and the terms depend on your credit, income and existing obligations. The Census counts about 512 residents in Mineral, ranking it 167th among the 227 places in Virginia. The rate caps and licensing requirements that apply to a lender in Virginia are set out in the sourced table below.

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

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Mineral at a glance

  • Population: roughly 512 people; 167th of 227 places in Virginia (Census Vintage 2023 subcounty estimate).
  • 2020 Census base: the 2020 Census recorded 471 residents here (US Census Bureau).
  • 2020 to 2023 change: an increase of about 8.7% since the 2020 count (US Census Bureau).
  • Rank among Virginia places: 167th of the state's 227 Census places (US Census Bureau).
  • Size percentile: ahead of around 26% of Virginia places in population terms (US Census Bureau).
  • Coordinates: 38.0076 latitude, -77.9062 longitude (US Census Bureau Gazetteer).
  • Nearest larger cities: Louisa, VA (5 mi); Gordonsville, VA (18 mi); Orange, VA (20 mi); Ashland, VA (29 mi); Fredericksburg, VA (30 mi), each a US Census place with its estimated population.
  • Nearest smaller communities: Madison, VA (32 mi); Stanardsville, VA (35 mi); Port Royal, VA (40 mi), each a US Census place.

What a personal loan costs in Mineral

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

Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.

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.

Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.

Virginia lending rules that apply in Mineral

The sourced rows below are the rules a licensed lender must follow when lending in Virginia, and therefore in Mineral.

RuleDetailSource
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
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

How to compare offers in Mineral

Run through this list before signing anything in Mineral:

  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 Mineral?
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 Mineral are the same as elsewhere in Virginia.
How much can I borrow with a personal loan in Mineral?
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 Mineral 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 Mineral 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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