Craigsville at a glance
- Population: 910, the 140th-largest community in Virginia out of 227 (US Census Bureau, Vintage 2023).
- 2020 Census base: 903 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: an increase of about 0.8% since the 2020 count (US Census Bureau).
- Rank among Virginia places: 140th of the state's 227 Census places (US Census Bureau).
- Size percentile: roughly 38% of Virginia's places have fewer residents (US Census Bureau).
- Coordinates: it sits at 38.0865, -79.3908 in the US Census Bureau Gazetteer.
- Nearest larger cities: Staunton, VA (19 mi); Lexington, VA (21 mi); Buena Vista, VA (25 mi); Waynesboro, VA (27 mi); Clifton Forge, VA (30 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller communities: Goshen, VA (9 mi); Monterey, VA (25 mi); Iron Gate, VA (29 mi), each a US Census place.
What a personal loan costs in Craigsville
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.
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.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Virginia lending rules that apply in Craigsville
The table lists the Virginia rules that apply to a loan made in Craigsville, each with the regulator that published it.
| 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 Craigsville
Before you commit to a personal loan in Craigsville, work through these steps:
- 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.