Rainelle at a glance
- Population: 1,159, the 94th-largest community in West Virginia out of 230 (US Census Bureau, Vintage 2023).
- 2020 Census base: 1,189 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: about 2.5% below the 2020 Census base (US Census Bureau).
- Rank among West Virginia places: 94th of 230 by population (US Census Bureau, Vintage 2023).
- Size percentile: about 59% of West Virginia's Census places are smaller (US Census Bureau).
- Coordinates: latitude 37.9680, longitude -80.7708 (US Census Bureau Gazetteer).
- Nearest larger cities: Fayetteville, WV (20 mi); Oak Hill, WV (21 mi); Hinton, WV (21 mi); Lewisburg, WV (21 mi); Ansted, WV (21 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller places: Rupert, WV (5 mi); Quinwood, WV (7 mi); Meadow Bridge, WV (9 mi) (US Census Bureau estimates).
What a personal loan costs in Rainelle
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
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.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
West Virginia lending rules that apply in Rainelle
Where a figure is not published by the state, the row points to the source instead of guessing.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Rainelle
Here is a short checklist for comparing personal loans in Rainelle:
- 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.