Spring Grove at a glance
- Population: the Census estimates 2,488 residents, ranking 373rd of 1,013 places in Pennsylvania (Vintage 2023).
- 2020 Census base: 2,374 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: about 4.8% growth over the 2020 Census base (US Census Bureau).
- Rank among Pennsylvania places: 373rd of 1,013 by population (US Census Bureau, Vintage 2023).
- Size percentile: larger than about 63% of the Census places in Pennsylvania (US Census Bureau).
- Coordinates: 39.8809 latitude, -76.8640 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: West York, PA (7 mi); Hanover, PA (8 mi); York, PA (9 mi); McSherrystown, PA (10 mi); Dallastown, PA (12 mi), each a US Census place with its estimated population.
- Smaller places nearby: New Salem, PA (4 mi); Jefferson, PA (5 mi); Seven Valleys, PA (5 mi), per US Census Bureau estimates.
What a personal loan costs in Spring Grove
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.
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.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
Pennsylvania lending rules that apply in Spring Grove
The table lists the Pennsylvania rules that apply to a loan made in Spring Grove, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Pennsylvania Department of Banking and Securities (DoBS) Source says: "The Department of Banking and Securities regulates financial services in Pennsylvania." | Pennsylvania Department of Banking and Securities as of 2026-09-16 |
| Bank rate-cap exemption (state-specific rule) | Pennsylvania state-chartered banks are not subject to state interest-rate caps (Banking Code Sections 303/506 supersede the LIPL 6% cap). Source says: "Pennsylvania law does not impose any restrictions on the interest rate that Pennsylvania state-chartered banks may charge to customers." (DoBS interpretive letter, May 11, 2023). | Pennsylvania Department of Banking and Securities as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 6% per annum maximum for loans of $50,000 or less where no lower rate is contracted (41 P.S. 201(a)). Source says: "the maximum lawful rate of interest for the loan or use of money... shall be six per cent per annum" (Loan Interest and Protection Law, Section 201(a)). | Pennsylvania General Assembly (Laws of Pennsylvania, Act 6 of 1974) as of 2026-09-16 |
| Payday lending status | No separate payday-lending license; non-bank lenders are limited to 6% (unlicensed) or up to 24% (CDCA-licensed), so high-cost payday loans are not permitted. Source says: "if a lender is licensed by the Department in accord with the CDCA, it can charge between 6-24% on loans under $25,000" (DoBS interpretive letter, May 11, 2023). | Pennsylvania Department of Banking and Securities as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer Discount Company Act license required for non-mortgage consumer loans above 6%; licensed lenders may charge up to 24% on loans of $25,000 or less. Source says: "A consumer discount company is a business corporation that negotiates or makes non-mortgage loans or advances of money on credit." | Pennsylvania Department of Banking and Securities as of 2026-09-16 |
How to compare offers in Spring Grove
A few practical steps will make the process in Spring Grove less costly:
- 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 Pennsylvania using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.