Chevy Chase Section Five at a glance
- Population: 663 — 115th in Maryland, which has 157 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 count put the population at 672 (US Census Bureau).
- 2020 to 2023 change: population fell about 1.3% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Maryland places: 115th largest of 157 (US Census Bureau).
- Size percentile: ahead of around 27% of Maryland places in population terms (US Census Bureau).
- Coordinates: 38.9840 / -77.0740, per the US Census Bureau Gazetteer.
- Nearest larger cities: Chevy Chase Section Three, MD (0 mi); Martin's Additions, MD (0 mi); Chevy Chase, MD (1 mi); Chevy Chase Village, MD (1 mi); North Chevy Chase, MD (1 mi); US Census Bureau population estimates.
- Smaller towns nearby: Glen Echo, MD (4 mi); North Brentwood, MD (7 mi); Washington Grove, MD (12 mi) (US Census Bureau).
What a personal loan costs in Chevy Chase Section Five
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
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.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Maryland lending rules that apply in Chevy Chase Section Five
The Maryland rate caps and licensing rules that reach Chevy Chase Section Five are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| OFR consumer-loan interest-rate limits | 2.75%/month (33%/yr) on the first $1,000 of a loan ≤$2,000; 2%/month (24%/yr) thereafter and on loans over $2,000 Source says: "Maximum interest rate allowed by law is 2.75% per month or an annual interest rate of 33%" | Maryland Department of Labor, Office of Financial Regulation as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 24% per year effective simple interest for qualifying loans (Md. Code Com. Law § 12-103(c)); otherwise 8% (written agreement) or 18% Source says: "a lender may charge an effective rate of simple interest not in excess of 24 percent per year on the unpaid principal balance" | Maryland General Assembly as of 2026-09-16 |
| Payday lending status | Regulated as consumer loans: licensing and statutory interest-rate limits apply to payday-style loans (OFR) Source says: "they are prohibited from charging or receiving an interest rate that is greater than authorized by the laws of this State" | Maryland Department of Labor, Office of Financial Regulation as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer Lender license required to make loans under the Maryland Consumer Loan Law (Com. Law § 12-301 et seq.) Source says: "A Consumer Lender is a business that makes any loan or advance of money or credit under the Maryland Consumer Loan Law" | Maryland Department of Labor, Office of Financial Regulation as of 2026-09-16 |
| State lending regulator | Office of Financial Regulation; Commissioner of Financial Regulation (Maryland Department of Labor) Source says: "is Maryland's consumer financial protection agency and financial services regulator" | Maryland Department of Labor as of 2026-09-16 |
How to compare offers in Chevy Chase Section Five
Here is a short checklist for comparing personal loans in Chevy Chase Section Five:
- 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 Maryland using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.