Essex Junction at a glance
- Population: 10,817, the 4th-largest community in Vermont out of 40 (US Census Bureau, Vintage 2023).
- 2020 Census base: 10,602 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
- 2020 to 2023 change: a gain of roughly 2.0% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Vermont places: the 4th-largest of 40 (US Census Bureau, 2023 estimate).
- Size percentile: it is larger than about 90% of the places in Vermont (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 44.4903, -73.1141.
- Nearest larger cities: South Burlington, VT (5 mi); Burlington, VT (6 mi); Plattsburgh, NY (22 mi); Rutland, VT (61 mi); Lebanon, NH (73 mi), each a US Census place with its estimated population.
- Nearest smaller communities: Winooski, VT (4 mi); Cambridge, VT (15 mi); Jeffersonville, VT (18 mi) (Census populations).
What a personal loan costs in Essex Junction
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.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Vermont lending rules that apply in Essex Junction
Each row below is a Vermont rule with its publisher and the date it was retrieved.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Essex Junction
The steps below are worth completing first when you borrow in Essex Junction:
- 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.