Warwick at a glance
- Population: 82,999 — 2nd in Rhode Island, which has 8 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 82,829 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: up about 0.2% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Rhode Island places: 2nd largest of 8 (US Census Bureau).
- Size percentile: it is larger than about 75% of the places in Rhode Island (US Census Bureau).
- Coordinates: 41.7031 / -71.4203, per the US Census Bureau Gazetteer.
- Nearest larger cities: Providence, RI (8 mi); Fall River, MA (17 mi); New Bedford, MA (25 mi); Brockton, MA (33 mi); Worcester, MA (44 mi), each a US Census place with its estimated population.
- Smaller towns nearby: Cranston, RI (6 mi); East Providence, RI (7 mi); Pawtucket, RI (12 mi) (US Census Bureau).
What a personal loan costs in Warwick
Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Rhode Island lending rules that apply in Warwick
Read the table as the compliance picture for a lender serving Warwick: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| Commercial loan rate exemption (state-specific rule) | No interest-rate limit on commercial loans exceeding $1,000,000 not secured by the borrower's principal residence. Source says: "there is no limitation on the rate of interest that may be legally charged" and "where the amount of money loaned exceeds the sum of one million dollars ($1,000,000)" (R.I. Gen. Laws 6-26-2(e)). | Rhode Island General Assembly (R.I. General Laws) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | Loans may not exceed the greater of 21% per annum or the alternate rate (prime + 9 points); no cap for commercial loans over $1,000,000. Source says: "charge, or take interest on a loan... at a rate that shall exceed the greater of twenty-one percent (21%) per annum or the alternate rate" (R.I. Gen. Laws 6-26-2(a)). | Rhode Island General Assembly (R.I. General Laws) as of 2026-09-16 |
| Payday lending status | Legal for licensed check cashers: deferred deposits max $500, minimum 13-day term, fee limited to 10% of funds advanced; fee provision sunsets January 1, 2027. Source says: "The face amount of the check shall not exceed five hundred dollars ($500)" (19-14.4-5.1); "Charge deferred deposit transaction fees in excess of ten percent (10%) of the amount of funds advanced" (19-14.4-4(4)). | Rhode Island General Assembly (R.I. General Laws) as of 2026-09-16 |
| Small-loan / installment lender licensing | License required for making/funding loans or acting as a small loan lender; small loans (under $5,000, non-real-estate) regulated under R.I. Gen. Laws ch. 19-14.2. Source says: "Making or funding loans or acting as a lender or small loan lender... without first obtaining a license" (R.I. Gen. Laws 19-14-2(a)). | Rhode Island General Assembly (R.I. General Laws) as of 2026-09-16 |
| State lending regulator | Rhode Island Department of Business Regulation (DBR) - Division of Banking Source says: "any rule or regulation promulgated by the department of business regulation pertaining to check cashers" (R.I. Gen. Laws 19-14.4-3); DBR's own site returned HTTP 403 to automated requests. | Rhode Island General Assembly (R.I. General Laws 19-14.4-3) as of 2026-09-16 |
How to compare offers in Warwick
Before you share your details with a lender in Warwick:
- 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 Rhode Island using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.