Colmar Manor at a glance
- Population: the Census estimates 1,555 residents, ranking 85th of 157 places in Maryland (Vintage 2023).
- 2020 Census base: 1,598 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: about 2.7% lower than the 2020 Census base (US Census Bureau).
- Rank among Maryland places: the 85th-largest of 157 (US Census Bureau, 2023 estimate).
- Size percentile: ahead of around 46% of Maryland places in population terms (US Census Bureau).
- Coordinates: 38.9268 latitude, -76.9439 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Brentwood, MD (1 mi); Bladensburg, MD (1 mi); Mount Rainier, MD (2 mi); Cheverly, MD (2 mi); Edmonston, MD (2 mi); US Census Bureau population estimates.
- Nearest smaller communities: Cottage City, MD (1 mi); North Brentwood, MD (1 mi); Fairmount Heights, MD (2 mi) (Census populations).
What a personal loan costs in Colmar Manor
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
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.
The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
Maryland lending rules that apply in Colmar Manor
The table carries the Maryland rate and licensing rules that apply to consumer loans made in Colmar Manor.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Colmar Manor
The steps below are worth completing first when you borrow in Colmar Manor:
- 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.