Dagsboro at a glance
- Population: 961 — 34th in Delaware, which has 57 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 869 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: about 10.6% growth over the 2020 Census base (US Census Bureau).
- Rank among Delaware places: 34th in population of 57 places (US Census Bureau).
- Size percentile: about 40% of places in Delaware are smaller (US Census Bureau).
- Coordinates: 38.5462, -75.2458 (Census Gazetteer, US Census Bureau).
- Nearest larger cities (120-mile radius): Millsboro, DE (5 mi); Selbyville, DE (6 mi); Millville, DE (6 mi); Ocean View, DE (7 mi); Bethany Beach, DE (10 mi) (US Census Bureau).
- Smaller places close by: Frankford, DE (2 mi); South Bethany, DE (10 mi); Fenwick Island, DE (12 mi) (US Census Bureau).
What a personal loan costs in Dagsboro
A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
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.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Delaware lending rules that apply in Dagsboro
The table lists the Delaware rules that apply to a loan made in Dagsboro, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| Payday lending status | Permitted as 'short-term consumer loans' (≤$1,000, stated term under 60 days); max 5 per borrower per 12 months; max 4 rollovers Source says: "a short-term consumer loan that would cause the borrower to have more than 5 short-term consumer loans from all licensees in any 12-month period"; "No licensee shall make more than 4 rollovers of an existing short-term consumer loan". | Delaware General Assembly — 5 Del. C. §§ 2227, 2235A as of 2026-09-16 |
| Small-loan / installment lender licensing | Licensed lender license required from the State Bank Commissioner; making more than 5 loans in any 12-month period is deemed 'transacting the business of lending' Source says: "Every person desiring to transact the business of lending money in this State shall be required to obtain a license under this chapter". | Delaware General Assembly — 5 Del. C. § 2202 as of 2026-09-16 |
| State lending regulator | Delaware Office of the State Bank Commissioner (OSBC) Source says: "The Office of the State Bank Commissioner is responsible for regulating and examining State-chartered banks and trust companies and licensed financial services businesses". | Delaware Office of the State Bank Commissioner as of 2026-09-16 |
| Title loans (5 Del. C. ch. 22, subch. V) | Title loans permitted: secured by motor vehicle title, original repayment period of 180 days or less; borrower has a right to rescind until the end of the next business day Source says: "“Title loan” means a loan made to one or more natural persons by a licensee and secured by the title to a motor vehicle". | Delaware General Assembly — 5 Del. C. § 2250 as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 5% over the Federal Reserve discount rate; no rate limit for loans over $100,000 (licensed lenders may set rates by agreement under 5 Del. C. § 2229) Source says: "interest at any rate agreed upon in writing not in excess of 5% over the Federal Reserve discount rate"; "there shall be no limitation on the rate of interest which may be legally charged for the loan or use of money". | Delaware General Assembly — 6 Del. C. § 2301 as of 2026-09-16 |
How to compare offers in Dagsboro
The steps below are worth completing first when you borrow in Dagsboro:
- 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 Delaware using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.