Cedar Grove at a glance
- Population: a Census-estimated 691, placing it 128th among West Virginia's 230 places (Vintage 2023 subcounty estimate).
- 2020 Census base: 720 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
- 2020 to 2023 change: a decline of roughly 4.0% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among West Virginia places: the 128th-largest of 230 (US Census Bureau, 2023 estimate).
- Size percentile: it exceeds roughly 44% of West Virginia's Census places by population (US Census Bureau).
- Coordinates: mapped at 38.2224, -81.4379 by the US Census Bureau Gazetteer.
- Nearest larger cities (within 120 miles): East Bank, WV (1 mi); Chesapeake, WV (5 mi); Belle, WV (5 mi); Montgomery, WV (7 mi); Marmet, WV (8 mi) (US Census Bureau populations).
- Nearest smaller towns: Glasgow, WV (1 mi); Pratt, WV (3 mi); Handley, WV (4 mi) — US Census Bureau populations.
What a personal loan costs in Cedar Grove
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, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.
Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less overall.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
West Virginia lending rules that apply in Cedar Grove
The West Virginia rate caps and licensing rules that reach Cedar Grove are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Cedar Grove
Run through this list before signing anything in Cedar Grove:
- 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.