Derby Line at a glance
- Population: about 666, 25th by size in Vermont of 40 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 Census recorded 680 residents here (US Census Bureau).
- 2020 to 2023 change: down about 2.1% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Vermont places: 25th of the state's 40 Census places (US Census Bureau).
- Size percentile: larger than about 38% of the Census places in Vermont (US Census Bureau).
- Coordinates: 44.9987, -72.1073 (US Census Bureau Gazetteer).
- Nearest larger cities (within 120 miles): Newport, VT (7 mi); Orleans, VT (14 mi); Barton, VT (18 mi); Lyndonville, VT (33 mi); Enosburg Falls, VT (35 mi) (US Census Bureau populations).
- Nearest smaller towns: Derby Center, VT (3 mi); North Troy, VT (14 mi); Albany, VT (23 mi) (US Census Bureau).
What a personal loan costs in Derby Line
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
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.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
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.
Vermont lending rules that apply in Derby Line
The Vermont rate caps and licensing rules that reach Derby Line are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | 12% per annum general legal rate; 18% permitted for certain single-payment loans by regulated lenders (9 V.S.A. § 41a) Source says: the rate of interest or the sum allowed for forbearance or use of money shall be 12 percent per annum computed by the actuarial method | Vermont General Assembly (Vermont Statutes Online) as of 2026-09-16 |
| Payday lending status | Prohibited — payday loans (postdated check lending) are explicitly banned in Vermont Source says: Payday loans (loans contingent on a postdated payment instrument) are explicitly banned. | Vermont Attorney General as of 2026-09-16 |
| Small-loan / installment lender licensing | Lender license required from the Commissioner (8 V.S.A. ch. 73, § 2201) Source says: Without first obtaining a license under this chapter from the Commissioner, a person shall not | Vermont General Assembly (Vermont Statutes Online) as of 2026-09-16 |
| State lending regulator | Vermont Department of Financial Regulation (DFR), Banking Division Source says: The Banking Division regulates the below listed non-depository financial services. | Vermont Department of Financial Regulation (DFR) as of 2026-09-16 |
How to compare offers in Derby Line
Before you commit to a personal loan in Derby Line, 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 Vermont using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.