Hillsville at a glance
- Population: roughly 2,856 people; 84th of 227 places in Virginia (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 2,882 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: down roughly 0.9% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Virginia places: the 84th-largest of 227 (US Census Bureau, 2023 estimate).
- Size percentile: larger than about 63% of the Census places in Virginia (US Census Bureau).
- Coordinates: 36.7616, -80.7367 (US Census Bureau Gazetteer).
- Nearest larger cities (within 120 miles): Galax, VA (12 mi); Mount Airy, NC (19 mi); Pulaski, VA (20 mi); Wytheville, VA (24 mi); Radford, VA (27 mi) (US Census Bureau populations).
- Nearest smaller towns: Fries, VA (14 mi); Dublin, VA (24 mi); Independence, VA (25 mi) (US Census Bureau).
What a personal loan costs in Hillsville
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
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 Hillsville
The table lists the Virginia rules that apply to a loan made in Hillsville, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Hillsville
A few practical steps will make the process in Hillsville 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.