Colonial Beach at a glance
- Population: about 4,003 residents, ranking 71st of 227 Census places in Virginia (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: 3,906 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: up about 2.5% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Virginia places: 71st largest of 227 (US Census Bureau).
- Size percentile: it is larger than about 69% of the places in Virginia (US Census Bureau).
- Coordinates: 38.2644 / -76.9937, per the US Census Bureau Gazetteer.
- Nearest larger cities (120-mile radius): La Plata, MD (19 mi); Leonardtown, MD (19 mi); Indian Head, MD (25 mi); Fredericksburg, VA (27 mi); Dumfries, VA (27 mi) (US Census Bureau).
- Nearest smaller communities: Port Royal, VA (13 mi); Montross, VA (15 mi); Port Tobacco Village, MD (17 mi) (Census populations).
What a personal loan costs in Colonial Beach
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
Because the APR includes origination and finance charges, it is the honest comparison number; the personal loan calculator turns an APR and term into a monthly payment.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
Virginia lending rules that apply in Colonial Beach
Where a figure is not published by the state, the row points to the source instead of guessing.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Colonial Beach
These steps are the ones that most affect the offer you receive in Colonial Beach:
- 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.