Orrum at a glance
- Population: 59, the 542nd-largest community in North Carolina out of 549 (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 Census recorded 58 residents here (US Census Bureau).
- 2020 to 2023 change: up roughly 1.7% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among North Carolina places: 542nd of 549 by population (US Census Bureau, Vintage 2023).
- Size percentile: about 1% of North Carolina's Census places are smaller (US Census Bureau).
- Coordinates: latitude 34.4667, longitude -79.0089 (US Census Bureau Gazetteer).
- Nearest larger cities (within 120 miles): Proctorville, NC (2 mi); Boardman, NC (5 mi); Fairmont, NC (6 mi); Marietta, NC (9 mi); Fair Bluff, NC (11 mi) (US Census Bureau populations).
- Smaller places nearby: Seven Springs, NC (84 mi); Falkland, NC (120 mi), per US Census Bureau estimates.
What a personal loan costs in Orrum
A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
North Carolina lending rules that apply in Orrum
The table carries the North Carolina rate and licensing rules that apply to consumer loans made in Orrum.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | North Carolina Office of the Commissioner of Banks (NCCOB) Source says: "Lenders operating under the CFA must be licensed by and are subject to regulation by the NCCOB." | North Carolina Office of the Commissioner of Banks as of 2026-09-16 |
| Consumer Finance Act installment loan rates (G.S. 53-176) | 33% per annum on unpaid balance up to $4,000; 24% on $4,000-$8,000; 18% on the remainder (loans up to $12,000); 18% for loans above $12,000 Source says: "thirty-three percent (33%) per annum on that part of the unpaid principal balance not exceeding four thousand dollars ($4,000)" | North Carolina General Assembly as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | For loans of $25,000 or less: greater of the 6-month U.S. Treasury bill rate + 6% or 16% (G.S. 24-1.1(c)); any agreed rate above $25,000 Source says: "plus six percent (6%), rounded upward or downward ... or sixteen percent (16%), whichever is greater" | North Carolina General Assembly as of 2026-09-16 |
| Payday lending status | Payday lenders shut down in North Carolina; online payday lending remains an enforcement target Source says: "Payday Lenders: Shut Down In NC, But Still Victimizing Borrowers Online" | North Carolina Department of Justice (Office of the Attorney General) as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer Finance Act license from the Commissioner of Banks required for loans of $25,000 or less charging more than Chapter 24 rates Source says: "Direct lenders seeking to charge rates higher than allowed under Chapter 24 on consumer term loans of twenty-five thousand dollars ($25,000) or less" | North Carolina Office of the Commissioner of Banks as of 2026-09-16 |
How to compare offers in Orrum
Before you commit to a personal loan in Orrum, work through these steps:
- 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 North Carolina using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.