Sudlersville at a glance
- Population: the Census estimates 514 residents, ranking 123rd of 157 places in Maryland (Vintage 2023).
- 2020 Census base: 508 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: up about 1.2% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Maryland places: 123rd by size among 157 communities (US Census Bureau).
- Size percentile: ahead of around 22% of Maryland places in population terms (US Census Bureau).
- Coordinates: 39.1833, -75.8535 (US Census Bureau Gazetteer).
- Nearest larger cities: Millington, MD (5 mi); Church Hill, MD (7 mi); Galena, MD (11 mi); Chestertown, MD (12 mi); Clayton, DE (13 mi) (Census populations, approximate straight-line distance).
- Nearest smaller towns: Barclay, MD (3 mi); Templeville, MD (6 mi); Marydel, MD (7 mi) — US Census Bureau populations.
What a personal loan costs in Sudlersville
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
A useful rule is to keep the new payment inside the room your budget already has, so the loan eases pressure instead of adding to it.
Maryland lending rules that apply in Sudlersville
The table lists the Maryland rules that apply to a loan made in Sudlersville, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Sudlersville
Run through this list before signing anything in Sudlersville:
- 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.