Cape Charles at a glance
- Population: 1,265 people, the 122nd-largest place among Virginia's 227 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 Census recorded 1,176 residents here (US Census Bureau).
- 2020 to 2023 change: an increase of about 7.6% since the 2020 count (US Census Bureau).
- Rank among Virginia places: 122nd by size among 227 communities (US Census Bureau).
- Size percentile: larger than about 46% of the Census places in Virginia (US Census Bureau).
- Coordinates: it sits at 37.2497, -76.0142 in the US Census Bureau Gazetteer.
- Nearest larger cities: Poquoson, VA (18 mi); Hampton, VA (21 mi); Exmore, VA (22 mi); Norfolk, VA (26 mi); Newport News, VA (30 mi) (Census populations, approximate straight-line distance).
- Smaller places nearby: Cheriton, VA (4 mi); Eastville, VA (8 mi); Nassawadox, VA (18 mi), per US Census Bureau estimates.
What a personal loan costs in Cape Charles
A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
A lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
Virginia lending rules that apply in Cape Charles
The table lists the Virginia rules that apply to a loan made in Cape Charles, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | 12% per year maximum contract rate, except as otherwise permitted by law (Va. Code § 6.2-303) Source says: no contract shall be made for the payment of interest on a loan at a rate that exceeds 12 percent per year | Virginia General Assembly (Code of Virginia) as of 2026-09-16 |
| Payday lending status | Legal via licensed short-term lenders; interest capped at a 36% simple annual rate plus limited fees (Va. Code § 6.2-1817) Source says: Interest at a simple annual rate not to exceed 36 percent | Virginia General Assembly (Code of Virginia) as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer finance license required from the State Corporation Commission (Va. Code § 6.2-1501) Source says: No person shall engage in the business of making loans to individuals for personal, family, household, or other nonbusiness purposes | Virginia General Assembly (Code of Virginia) as of 2026-09-16 |
| State lending regulator | Virginia State Corporation Commission, Bureau of Financial Institutions (BFI) Source says: The Bureau of Financial Institutions (BFI) is a regulatory division of the Virginia State Corporation Commission (SCC.) | Virginia State Corporation Commission (SCC) as of 2026-09-16 |
How to compare offers in Cape Charles
Run through this list before signing anything in Cape Charles:
- 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 Virginia using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.