Glade Spring at a glance
- Population: 1,368 residents, the 117th-largest of 227 places in Virginia (US Census Bureau, Vintage 2023).
- 2020 Census base: 1,369 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: down about 0.1% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Virginia places: 117th out of 227 Census places (US Census Bureau).
- Size percentile: roughly 48% of Virginia's places have fewer residents (US Census Bureau).
- Coordinates: latitude 36.7899, longitude -81.7723 (US Census Bureau Gazetteer).
- Nearest larger cities within 120 miles: Chilhowie, VA (5 mi); Saltville, VA (6 mi); Abingdon, VA (12 mi); Marion, VA (15 mi); Lebanon, VA (19 mi) (US Census Bureau).
- Smaller towns nearby: Damascus, VA (11 mi); Honaker, VA (19 mi); Troutdale, VA (20 mi) (US Census Bureau).
What a personal loan costs in Glade Spring
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
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.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
Virginia lending rules that apply in Glade Spring
Where a figure is not published by the state, the row points to the source instead of guessing.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | Consumer 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 regulator | Virginia 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 |
| Payday lending status | Legal 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 |
How to compare offers in Glade Spring
A few practical steps will make the process in Glade Spring less costly:
- 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 Virginia using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.