Newburg at a glance
- Population: 258 residents, the 188th-largest of 230 places in West Virginia (US Census Bureau, Vintage 2023).
- 2020 Census base: 262 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: a decline of roughly 1.5% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among West Virginia places: 188th of 230 by population (US Census Bureau, Vintage 2023).
- Size percentile: about 18% of West Virginia's Census places are smaller (US Census Bureau).
- Coordinates: 39.3889 / -79.8536, per the US Census Bureau Gazetteer.
- Nearest larger cities: Tunnelton, WV (6 mi); Reedsville, WV (9 mi); Grafton, WV (9 mi); Rowlesburg, WV (10 mi); Kingwood, WV (11 mi), each a US Census place with its estimated population.
- Nearest smaller places: Albright, WV (14 mi); Bruceton Mills, WV (22 mi); Montrose, WV (22 mi) (US Census Bureau estimates).
What a personal loan costs in Newburg
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
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.
West Virginia lending rules that apply in Newburg
The table lists the West Virginia rules that apply to a loan made in Newburg, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| Payday lending status | Traditional payday lending is generally prohibited; check cashers are regulated under W. Va. Code ch. 32A Source says: Traditional "Payday Lenders" are generally prohibited within this state. | West Virginia Division of Financial Institutions (WV DFI) as of 2026-09-16 |
| Small-loan / installment lender licensing | Regulated consumer lender license required from the Commissioner (W. Va. Code § 46A-4-101) Source says: Unless a person has first obtained a license from the commissioner authorizing the person to make regulated consumer loans | West Virginia Legislature (West Virginia Code) as of 2026-09-16 |
| State lending regulator | West Virginia Division of Financial Institutions (WV DFI) Source says: The West Virginia Division of Financial Institutions is charged with the regulation and supervision of financial institutions chartered by the State of West Virginia. | West Virginia Division of Financial Institutions (WV DFI) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 31% per year on unsecured loans of $3,500 or less; 27% on $3,500–$15,000; 18% above $15,000 (W. Va. Code § 46A-4-107) Source says: the loan finance charge, calculated according to the actuarial method, may not exceed 31 percent per year | West Virginia Legislature (West Virginia Code) as of 2026-09-16 |
How to compare offers in Newburg
Run through this list before signing anything in Newburg:
- 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 West Virginia using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.