Gray at a glance
- Population: 3,513, the 180th-largest community in Georgia out of 536 (US Census Bureau, Vintage 2023).
- 2020 Census base: 3,446 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: about 1.9% more residents than the 2020 Census base (US Census Bureau).
- Rank among Georgia places: 180th of 536 by population (US Census Bureau, Vintage 2023).
- Size percentile: it exceeds roughly 66% of Georgia's Census places by population (US Census Bureau).
- Coordinates: 33.0020, -83.5409 (US Census Bureau Gazetteer).
- Nearest larger cities (120-mile radius): Macon-Bibb, GA (16 mi); Milledgeville, GA (18 mi); Forsyth, GA (23 mi); Eatonton, GA (24 mi); Centerville, GA (27 mi) (US Census Bureau).
- Smaller places nearby: Gordon, GA (14 mi); Ivey, GA (15 mi); McIntyre, GA (22 mi), per US Census Bureau estimates.
What a personal loan costs in Gray
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
Georgia lending rules that apply in Gray
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 | Installment lender license required for loans of $3,000 or less Source says: "any entity making loans of $3,000.00 or less to individuals must be licensed with the Department as an installment lender". | Georgia Department of Banking and Finance as of 2026-09-16 |
| State lending regulator | Georgia Department of Banking and Finance (DBF) Source says: "The Non-depository division supervises mortgage lenders, mortgage brokers, and mortgage loan originators, as well as installment lenders, check cashers, and money transmitters". | Georgia Department of Banking and Finance as of 2026-09-16 |
| Installment Loan Act rate cap | 10% per annum of the face amount of the contract (licensed installment loans) Source says: "may charge interest at a rate not to exceed 10 percent per annum of the face amount of the contract". | Georgia Department of Banking and Finance as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | See the latest published figure value_text left null: Georgia's rate ceilings are set by O.C.G.A. Title 7, Chapter 4 (O.C.G.A. §§ 7-4-1 to 7-4-21); the Department of Banking and Finance does not publish the figure and the official code host could not be fetched, so no figure is asserted. | Georgia Department of Banking and Finance as of 2026-09-16 |
| Payday lending status | Prohibited (payday lending illegal in Georgia) Source says: "Payday lending is illegal in Georgia." | Georgia Department of Banking and Finance as of 2026-09-16 |
How to compare offers in Gray
Run through this list before signing anything in Gray:
- 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 Georgia using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.