Montpelier at a glance
- Population: a Census-estimated 7,991, placing it 7th among Vermont's 40 places (Vintage 2023 subcounty estimate).
- 2020 Census base: 8,084 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: population fell about 1.2% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Vermont places: 7th out of 40 Census places (US Census Bureau).
- Size percentile: larger than about 82% of the Census places in Vermont (US Census Bureau).
- Coordinates: 44.2664 / -72.5715, per the US Census Bureau Gazetteer.
- Nearest larger cities: Barre, VT (6 mi); Essex Junction, VT (31 mi); South Burlington, VT (32 mi); Winooski, VT (34 mi); Burlington, VT (36 mi); US Census Bureau population estimates.
- Smaller places nearby: Marshfield, VT (13 mi); Morrisville, VT (20 mi); Hyde Park, VT (23 mi), per US Census Bureau estimates.
What a personal loan costs in Montpelier
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
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.
The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.
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.
Vermont lending rules that apply in Montpelier
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.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Vermont Department of Financial Regulation (DFR), Banking Division Source says: The Banking Division regulates the below listed non-depository financial services. | Vermont Department of Financial Regulation (DFR) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 12% per annum general legal rate; 18% permitted for certain single-payment loans by regulated lenders (9 V.S.A. § 41a) Source says: the rate of interest or the sum allowed for forbearance or use of money shall be 12 percent per annum computed by the actuarial method | Vermont General Assembly (Vermont Statutes Online) as of 2026-09-16 |
| Payday lending status | Prohibited — payday loans (postdated check lending) are explicitly banned in Vermont Source says: Payday loans (loans contingent on a postdated payment instrument) are explicitly banned. | Vermont Attorney General as of 2026-09-16 |
| Small-loan / installment lender licensing | Lender license required from the Commissioner (8 V.S.A. ch. 73, § 2201) Source says: Without first obtaining a license under this chapter from the Commissioner, a person shall not | Vermont General Assembly (Vermont Statutes Online) as of 2026-09-16 |
How to compare offers in Montpelier
The order below is a sensible way to approach a loan in Montpelier:
- 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 Vermont using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.