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Personal loans in Nassawadox, VA

Taking out a personal loan in Nassawadox means a fixed monthly payment for a set term, and the APR you are quoted rests on your credit, income and debts. The Census puts Nassawadox at about 521 residents, the 163rd-largest of 227 places in Virginia. Rate caps and licensing for consumer lenders in Virginia come from state law, and the sourced rows below set them out.

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

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Nassawadox at a glance

  • Population: 521 — 163rd in Virginia, which has 227 Census places (US Census Bureau, Vintage 2023).
  • 2020 Census base: 535 people counted in the 2020 Census (US Census Bureau).
  • 2020 to 2023 change: about 2.6% below the 2020 Census base (US Census Bureau).
  • Rank among Virginia places: 163rd out of 227 Census places (US Census Bureau).
  • Size percentile: it exceeds roughly 28% of Virginia's Census places by population (US Census Bureau).
  • Coordinates: 37.4763, -75.8592 (US Census Bureau Gazetteer).
  • Nearest larger cities within 120 miles: Exmore, VA (4 mi); Belle Haven, VA (6 mi); Onley, VA (17 mi); Onancock, VA (17 mi); Cape Charles, VA (18 mi) (US Census Bureau).
  • Nearest smaller towns: Painter, VA (9 mi); Eastville, VA (10 mi); Keller, VA (11 mi) (US Census Bureau).

What a personal loan costs in Nassawadox

Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.

Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.

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.

Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.

Virginia lending rules that apply in Nassawadox

The table lists the Virginia rules that apply to a loan made in Nassawadox, each with the regulator that published it.

RuleDetailSource
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
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

How to compare offers in Nassawadox

Here is a short checklist for comparing personal loans in Nassawadox:

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