Personalloaned Compare rates

PA · city page

Personal loans in Ephrata, PA

Borrowers in Ephrata use personal loans to consolidate balances or cover a one-time cost, and the terms depend on your credit, income and existing obligations. About 13,660 people live in Ephrata, which ranks 43rd of 1,013 Census places in Pennsylvania. Pennsylvania law sets the rate ceilings and the licensing a lender must hold, and the table below lists each sourced figure.

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

Advertising disclosure: Personalloaned may receive a referral fee if you apply through a link on this page. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. The lowest rates are only available to the most qualified applicants. Read the full disclosure.

Ephrata at a glance

  • Population: 13,660 — 43rd in Pennsylvania, which has 1,013 Census places (US Census Bureau, Vintage 2023).
  • 2020 Census base: 13,798 people (US Census Bureau, 2020 Census count).
  • 2020 to 2023 change: a loss of about 1.0% since the 2020 count (US Census Bureau).
  • Rank among Pennsylvania places: 43rd largest of 1,013 (US Census Bureau).
  • Size percentile: it exceeds roughly 96% of Pennsylvania's Census places by population (US Census Bureau).
  • Coordinates: mapped at 40.1809, -76.1802 by the US Census Bureau Gazetteer.
  • Nearest larger cities within 120 miles: Lancaster, PA (12 mi); Lebanon, PA (17 mi); Reading, PA (17 mi); Pottstown, PA (29 mi); York, PA (33 mi) (US Census Bureau).
  • Nearest smaller towns: Akron, PA (2 mi); Denver, PA (4 mi); Lititz, PA (7 mi) — US Census Bureau populations.

What a personal loan costs in Ephrata

The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.

The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.

A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.

Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.

Pennsylvania lending rules that apply in Ephrata

Each row below is a Pennsylvania rule with its publisher and the date it was retrieved.

RuleDetailSource
Bank rate-cap exemption (state-specific rule)Pennsylvania state-chartered banks are not subject to state interest-rate caps (Banking Code Sections 303/506 supersede the LIPL 6% cap).
Source says: "Pennsylvania law does not impose any restrictions on the interest rate that Pennsylvania state-chartered banks may charge to customers." (DoBS interpretive letter, May 11, 2023).
Pennsylvania Department of Banking and Securities
as of 2026-09-16
Maximum legal interest rate (usury cap)6% per annum maximum for loans of $50,000 or less where no lower rate is contracted (41 P.S. 201(a)).
Source says: "the maximum lawful rate of interest for the loan or use of money... shall be six per cent per annum" (Loan Interest and Protection Law, Section 201(a)).
Pennsylvania General Assembly (Laws of Pennsylvania, Act 6 of 1974)
as of 2026-09-16
Payday lending statusNo separate payday-lending license; non-bank lenders are limited to 6% (unlicensed) or up to 24% (CDCA-licensed), so high-cost payday loans are not permitted.
Source says: "if a lender is licensed by the Department in accord with the CDCA, it can charge between 6-24% on loans under $25,000" (DoBS interpretive letter, May 11, 2023).
Pennsylvania Department of Banking and Securities
as of 2026-09-16
Small-loan / installment lender licensingConsumer Discount Company Act license required for non-mortgage consumer loans above 6%; licensed lenders may charge up to 24% on loans of $25,000 or less.
Source says: "A consumer discount company is a business corporation that negotiates or makes non-mortgage loans or advances of money on credit."
Pennsylvania Department of Banking and Securities
as of 2026-09-16
State lending regulatorPennsylvania Department of Banking and Securities (DoBS)
Source says: "The Department of Banking and Securities regulates financial services in Pennsylvania."
Pennsylvania Department of Banking and Securities
as of 2026-09-16

How to compare offers in Ephrata

Here is a short checklist for comparing personal loans in Ephrata:

  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 Pennsylvania 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 Ephrata?
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 Ephrata are the same as elsewhere in Pennsylvania.
How much can I borrow with a personal loan in Ephrata?
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 Ephrata 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 Ephrata 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

Related