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Personal loans in Dungannon, VA

Taking out a personal loan in Dungannon means a fixed monthly payment for a set term, and the APR you are quoted rests on your credit, income and debts. The Census counts about 254 residents in Dungannon, ranking it 202nd among the 227 places in Virginia. The rate caps and licensing requirements that apply to a lender in Virginia are set out in the sourced table below.

By the Personalloaned Editorial Team · Last updated 2026-09-16

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Dungannon at a glance

  • Population: 254 (US Census Bureau, Vintage 2023 subcounty estimate), the 202nd-largest of 227 places in Virginia.
  • 2020 Census base: the 2020 count put the population at 255 (US Census Bureau).
  • 2020 to 2023 change: a loss of about 0.4% since the 2020 count (US Census Bureau).
  • Rank among Virginia places: 202nd in population of 227 places (US Census Bureau).
  • Size percentile: ahead of around 11% of Virginia places in population terms (US Census Bureau).
  • Coordinates: 36.8284 / -82.4681, per the US Census Bureau Gazetteer.
  • Nearest larger cities within 120 miles: Nickelsville, VA (6 mi); Coeburn, VA (8 mi); St. Paul, VA (10 mi); Norton, VA (11 mi); Wise, VA (12 mi) (US Census Bureau).
  • Nearest smaller towns: Clinchport, VA (18 mi); Cleveland, VA (19 mi); Duffield, VA (20 mi) — US Census Bureau populations.

What a personal loan costs in Dungannon

A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.

The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.

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.

Virginia lending rules that apply in Dungannon

Read the table as the compliance picture for a lender serving Dungannon: label, sourced figure, publisher and date.

RuleDetailSource
Payday lending statusLegal 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
Small-loan / installment lender licensingConsumer 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 regulatorVirginia 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

How to compare offers in Dungannon

The steps below are worth completing first when you borrow in Dungannon:

  1. Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
  2. Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
  3. Pre-qualify with at least three lenders and compare the APR, not the interest rate.
  4. Check that the lender is licensed in Virginia using the regulator named above.
  5. Read the disclosure for origination fees and any prepayment penalty before you sign.

Common questions

Frequently asked questions

Can I get a personal loan with bad credit in Dungannon?
Yes, but expect a higher APR and possibly a smaller amount. Lenders that serve borrowers with lower scores are licensed statewide, so your options in Dungannon are the same as elsewhere in Virginia.
How much can I borrow with a personal loan in Dungannon?
Loan amounts are set by each lender and depend on your income, credit and existing debts, so we do not quote a range we cannot source. The Consumer Financial Protection Bureau explains how lenders assess an application, and our personal loan calculator will model the payment for any amount before you apply.
Does a personal loan in Dungannon require collateral?
Unsecured personal loans do not require collateral. A secured loan, such as a home-equity or auto-secured loan, does — and it puts the pledged asset at risk if you default.
Will shopping for a loan in Dungannon hurt my credit?
Pre-qualification usually uses a soft credit pull that does not affect your score. A full application triggers a hard inquiry, which may lower your score by a few points temporarily.

Nearby places

Where these figures come from

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