Tobaccoville at a glance
- Population: the Census estimates 2,696 residents, ranking 225th of 549 places in North Carolina (Vintage 2023).
- 2020 Census base: 2,577 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: population rose about 4.6% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among North Carolina places: 225th-largest of 549 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: roughly 59% of North Carolina's places have fewer residents (US Census Bureau).
- Coordinates: 36.2256 latitude, -80.3588 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: King, NC (3 mi); Rural Hall, NC (3 mi); Lewisville, NC (9 mi); Winston-Salem, NC (10 mi); Walkertown, NC (12 mi), each a US Census place with its estimated population.
- Smaller places nearby: Bethania, NC (3 mi); East Bend, NC (8 mi); Pilot Mountain, NC (13 mi), per US Census Bureau estimates.
What a personal loan costs in Tobaccoville
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
North Carolina lending rules that apply in Tobaccoville
The North Carolina rate caps and licensing rules that reach Tobaccoville are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | For loans of $25,000 or less: greater of the 6-month U.S. Treasury bill rate + 6% or 16% (G.S. 24-1.1(c)); any agreed rate above $25,000 Source says: "plus six percent (6%), rounded upward or downward ... or sixteen percent (16%), whichever is greater" | North Carolina General Assembly as of 2026-09-16 |
| Payday lending status | Payday lenders shut down in North Carolina; online payday lending remains an enforcement target Source says: "Payday Lenders: Shut Down In NC, But Still Victimizing Borrowers Online" | North Carolina Department of Justice (Office of the Attorney General) as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer Finance Act license from the Commissioner of Banks required for loans of $25,000 or less charging more than Chapter 24 rates Source says: "Direct lenders seeking to charge rates higher than allowed under Chapter 24 on consumer term loans of twenty-five thousand dollars ($25,000) or less" | North Carolina Office of the Commissioner of Banks as of 2026-09-16 |
| State lending regulator | North Carolina Office of the Commissioner of Banks (NCCOB) Source says: "Lenders operating under the CFA must be licensed by and are subject to regulation by the NCCOB." | North Carolina Office of the Commissioner of Banks as of 2026-09-16 |
| Consumer Finance Act installment loan rates (G.S. 53-176) | 33% per annum on unpaid balance up to $4,000; 24% on $4,000-$8,000; 18% on the remainder (loans up to $12,000); 18% for loans above $12,000 Source says: "thirty-three percent (33%) per annum on that part of the unpaid principal balance not exceeding four thousand dollars ($4,000)" | North Carolina General Assembly as of 2026-09-16 |
How to compare offers in Tobaccoville
Here is a short checklist for comparing personal loans in Tobaccoville:
- 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 North Carolina using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.