Smithfield at a glance
- Population: 96 residents, the 225th-largest of 230 places in West Virginia (US Census Bureau, Vintage 2023).
- 2020 Census base: 102 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: a decline of roughly 5.9% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among West Virginia places: 225th of the state's 230 Census places (US Census Bureau).
- Size percentile: roughly 2% of West Virginia's places have fewer residents (US Census Bureau).
- Coordinates: 39.4949 latitude, -80.5600 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Pine Grove, WV (8 mi); Mannington, WV (12 mi); Lumberport, WV (14 mi); Hundred, WV (14 mi); Salem, WV (15 mi), each a US Census place with its estimated population.
- Nearest smaller communities: Friendly, WV (27 mi); Antioch, OH (29 mi); Auburn, WV (32 mi) (Census populations).
What a personal loan costs in Smithfield
Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.
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 longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
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 Smithfield
Every figure in the table below is sourced to a publisher with a date; where a state does not publish a number, we say so rather than estimate.
| 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 Smithfield
Before you commit to a personal loan in Smithfield, 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 West Virginia using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.