Beverly at a glance
- Population: 602, the 138th-largest community in West Virginia out of 230 (US Census Bureau, Vintage 2023).
- 2020 Census base: 622 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: about 3.2% below the 2020 Census base (US Census Bureau).
- Rank among West Virginia places: 138th in population of 230 places (US Census Bureau).
- Size percentile: it is larger than about 40% of the places in West Virginia (US Census Bureau).
- Coordinates: 38.8441 latitude, -79.8719 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Elkins, WV (6 mi); Belington, WV (12 mi); Parsons, WV (20 mi); Buckhannon, WV (22 mi); Philippi, WV (23 mi); each population is a US Census Bureau estimate.
- Nearest smaller towns: Womelsdorf (Coalton), WV (6 mi); Mill Creek, WV (9 mi); Junior, WV (10 mi) (US Census Bureau).
What a personal loan costs in Beverly
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
West Virginia lending rules that apply in Beverly
Where a figure is not published by the state, the row points to the source instead of guessing.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | West Virginia Division of Financial Institutions (WV DFI) Source says: The West Virginia Division of Financial Institutions is charged with the regulation and supervision of financial institutions chartered by the State of West Virginia. | West Virginia Division of Financial Institutions (WV DFI) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 31% per year on unsecured loans of $3,500 or less; 27% on $3,500–$15,000; 18% above $15,000 (W. Va. Code § 46A-4-107) Source says: the loan finance charge, calculated according to the actuarial method, may not exceed 31 percent per year | West Virginia Legislature (West Virginia Code) as of 2026-09-16 |
| Payday lending status | Traditional payday lending is generally prohibited; check cashers are regulated under W. Va. Code ch. 32A Source says: Traditional "Payday Lenders" are generally prohibited within this state. | West Virginia Division of Financial Institutions (WV DFI) as of 2026-09-16 |
| Small-loan / installment lender licensing | Regulated consumer lender license required from the Commissioner (W. Va. Code § 46A-4-101) Source says: Unless a person has first obtained a license from the commissioner authorizing the person to make regulated consumer loans | West Virginia Legislature (West Virginia Code) as of 2026-09-16 |
How to compare offers in Beverly
Before you share your details with a lender in Beverly:
- 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 West Virginia using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.