Salisbury at a glance
- Population: 33,159 — 9th in Maryland, which has 157 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 count put the population at 33,041 (US Census Bureau).
- 2020 to 2023 change: roughly 0.4% higher than at the 2020 Census (US Census Bureau).
- Rank among Maryland places: 9th largest of 157 (US Census Bureau).
- Size percentile: it is larger than about 94% of the places in Maryland (US Census Bureau).
- Coordinates: 38.3753 / -75.5859, per the US Census Bureau Gazetteer.
- Nearest larger cities: Dover, DE (54 mi); Annapolis, MD (64 mi); Bowie, MD (74 mi); Vineland, NJ (82 mi); Baltimore, MD (84 mi) (Census populations, approximate straight-line distance).
- Nearest smaller towns: Fruitland, MD (4 mi); Delmar, MD (5 mi); Hebron, MD (6 mi) — US Census Bureau populations.
What a personal loan costs in Salisbury
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
Maryland lending rules that apply in Salisbury
Each row below is a Maryland rule with its publisher and the date it was retrieved.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Office of Financial Regulation; Commissioner of Financial Regulation (Maryland Department of Labor) Source says: "is Maryland's consumer financial protection agency and financial services regulator" | Maryland Department of Labor as of 2026-09-16 |
| OFR consumer-loan interest-rate limits | 2.75%/month (33%/yr) on the first $1,000 of a loan ≤$2,000; 2%/month (24%/yr) thereafter and on loans over $2,000 Source says: "Maximum interest rate allowed by law is 2.75% per month or an annual interest rate of 33%" | Maryland Department of Labor, Office of Financial Regulation as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 24% per year effective simple interest for qualifying loans (Md. Code Com. Law § 12-103(c)); otherwise 8% (written agreement) or 18% Source says: "a lender may charge an effective rate of simple interest not in excess of 24 percent per year on the unpaid principal balance" | Maryland General Assembly as of 2026-09-16 |
| Payday lending status | Regulated as consumer loans: licensing and statutory interest-rate limits apply to payday-style loans (OFR) Source says: "they are prohibited from charging or receiving an interest rate that is greater than authorized by the laws of this State" | Maryland Department of Labor, Office of Financial Regulation as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer Lender license required to make loans under the Maryland Consumer Loan Law (Com. Law § 12-301 et seq.) Source says: "A Consumer Lender is a business that makes any loan or advance of money or credit under the Maryland Consumer Loan Law" | Maryland Department of Labor, Office of Financial Regulation as of 2026-09-16 |
How to compare offers in Salisbury
These steps are the ones that most affect the offer you receive in Salisbury:
- 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 Maryland using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.