Danielson at a glance
- Population: 4,219 residents, the 21st-largest of 29 places in Connecticut (US Census Bureau, Vintage 2023).
- 2020 Census base: 4,166 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
- 2020 to 2023 change: population rose about 1.3% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Connecticut places: 21st of 29 by population (US Census Bureau, Vintage 2023).
- Size percentile: roughly 28% of Connecticut's places have fewer residents (US Census Bureau).
- Coordinates: 41.8071 / -71.8844, per the US Census Bureau Gazetteer.
- Nearest larger cities: Southbridge Town, MA (19 mi); Cranston, RI (21 mi); Norwich, CT (21 mi); Woonsocket, RI (24 mi); Providence, RI (24 mi); US Census Bureau population estimates.
- Nearest smaller towns: Jewett City, CT (15 mi); Stonington, CT (33 mi); Groton Long Point, CT (35 mi) — US Census Bureau populations.
What a personal loan costs in Danielson
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
Compare offers on APR rather than the headline rate — the APR includes most fees, and you can model the total with our personal loan calculator.
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.
Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.
Connecticut lending rules that apply in Danielson
The Connecticut rate caps and licensing rules that reach Danielson are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| Small-loan APR caps (§ 36a-558(d)) | Loans under $5,000: lesser of 36% APR or the Military Lending Act rate cap; loans $5,000–$50,000: 25% APR Source says: "an APR that exceeds the lesser of thirty-six per cent"; "an APR that exceeds twenty-five per cent". | Connecticut General Assembly — C.G.S. § 36a-558(d) (2026 Supplement) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 12% per annum (consumer loans; statutory exceptions apply, e.g., banks, credit unions, small loan licensees) Source says: "charge, demand, accept or make any agreement to receive therefor interest at a rate greater than twelve per cent per annum". | Connecticut General Assembly — C.G.S. § 37-4 as of 2026-09-16 |
| Payday lending status | Not permitted — payday loans (small loans at more than 12% APR) are void and unenforceable unless made by exempt persons; licensed small loan companies may charge up to 36% APR Source says: "Connecticut Banking Law considers such loans as void and unenforceable"; "Small Loan licensees can charge up to 36% annual percentage rate (APR)". | Connecticut Department of Banking as of 2026-09-16 |
| Small-loan / installment lender licensing | Small loan license required for loans of $50,000 or less with an APR greater than 12% (Small Loan Lending and Related Activities Act, C.G.S. §§ 36a-555 to 36a-573) Source says: "Without having first obtained a small loan license from the commissioner pursuant to section 36a-565, no person shall". | Connecticut General Assembly — C.G.S. § 36a-556 (2026 Supplement) as of 2026-09-16 |
| State lending regulator | Connecticut Department of Banking Source says: "The Department of Banking considers payday loan companies as unlicensed small loan lenders". | Connecticut Department of Banking as of 2026-09-16 |
How to compare offers in Danielson
These steps are the ones that most affect the offer you receive in Danielson:
- 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 Connecticut using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.