Weymouth Town at a glance
- Population: 59,114 people, the 19th-largest place among Massachusetts's 54 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 Census recorded 57,442 residents here (US Census Bureau).
- 2020 to 2023 change: an increase of about 2.9% since the 2020 count (US Census Bureau).
- Rank among Massachusetts places: the 19th-largest of 54 (US Census Bureau, 2023 estimate).
- Size percentile: larger than about 65% of the Census places in Massachusetts (US Census Bureau).
- Coordinates: 42.2073, -70.9437 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Quincy, MA (5 mi); Brockton, MA (10 mi); Boston, MA (10 mi); Cambridge, MA (15 mi); Somerville, MA (15 mi); US Census Bureau population estimates.
- Nearest smaller communities: Braintree Town, MA (3 mi); Randolph Town, MA (6 mi); Winthrop Town, MA (12 mi) (Census populations).
What a personal loan costs in Weymouth Town
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
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 term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.
Massachusetts lending rules that apply in Weymouth Town
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 |
|---|---|---|
| Small-loan / installment lender licensing | Small-loan license required for loans of $6,000 or less when interest and expenses exceed 12% per year (M.G.L. c. 140, § 96) Source says: "No person shall directly or indirectly engage in the business of making loans of six thousand dollars or less ... without first obtaining ... a license" | Massachusetts General Court as of 2026-09-16 |
| State lending regulator | Division of Banks (Office of the Commissioner of Banks) Source says: "The Division of Banks (DOB) cautions you when applying for a payday loan" | Massachusetts Division of Banks as of 2026-09-16 |
| Small-loan rate order | Maximum 23% per annum plus a $20 administrative fee (209 CMR 26.00/26.01) Source says: "Regulation 209 CMR 26.00 et seq. limits the annual interest rate that can be charged on small loans to 23%" | Massachusetts Division of Banks as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 20% per annum criminal-usury threshold (M.G.L. c. 271, § 49); statutory exceptions apply Source says: "interest and expenses the aggregate of which exceeds an amount greater than twenty per centum per annum upon the sum loaned" | Massachusetts General Court as of 2026-09-16 |
| Payday lending status | Restricted: DOB states payday lending is not prohibited, but a 'payday loan' is illegal due to the high APR Source says: "Payday lending is not prohibited in Massachusetts. Yet what is referred to as a 'payday loan' is illegal" | Massachusetts Division of Banks as of 2026-09-16 |
How to compare offers in Weymouth Town
The steps below are worth completing first when you borrow in Weymouth Town:
- 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 Massachusetts using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.