Bayboro at a glance
- Population: the Census estimates 1,026 residents, ranking 332nd of 549 places in North Carolina (Vintage 2023).
- 2020 Census base: 1,159 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: down about 11.5% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among North Carolina places: 332nd of 549 by population (US Census Bureau, Vintage 2023).
- Size percentile: roughly 40% of North Carolina's places have fewer residents (US Census Bureau).
- Coordinates: 35.1493 latitude, -76.7694 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: New Bern, NC (18 mi); Havelock, NC (18 mi); Trent Woods, NC (19 mi); River Bend, NC (22 mi); Newport, NC (27 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller communities: Stonewall, NC (2 mi); Alliance, NC (2 mi); Grantsboro, NC (4 mi) (Census populations).
What a personal loan costs in Bayboro
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.
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.
North Carolina lending rules that apply in Bayboro
The North Carolina rate caps and licensing rules that reach Bayboro 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 Bayboro
These steps are the ones that most affect the offer you receive in Bayboro:
- 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.