Liberty at a glance
- Population: the Census estimates 2,704 residents, ranking 223rd of 549 places in North Carolina (Vintage 2023).
- 2020 Census base: 2,655 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: population rose about 1.8% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among North Carolina places: 223rd out of 549 Census places (US Census Bureau).
- Size percentile: larger than about 59% of the Census places in North Carolina (US Census Bureau).
- Coordinates: 35.8550, -79.5693 (Census Gazetteer, US Census Bureau).
- Nearest larger cities (within 120 miles): Siler City, NC (11 mi); Pleasant Garden, NC (12 mi); Randleman, NC (14 mi); Burlington, NC (16 mi); Asheboro, NC (17 mi) (US Census Bureau populations).
- Smaller towns nearby: Staley, NC (4 mi); Ramseur, NC (9 mi); Franklinville, NC (10 mi) (US Census Bureau).
What a personal loan costs in Liberty
A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less overall.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
North Carolina lending rules that apply in Liberty
The table carries the North Carolina rate and licensing rules that apply to consumer loans made in Liberty.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | Consumer Finance Act license from the Commissioner of Banks required for loans of $25,000 or less charging more than Chapter 24 rates Source says: "Direct lenders seeking to charge rates higher than allowed under Chapter 24 on consumer term loans of twenty-five thousand dollars ($25,000) or less" | North Carolina Office of the Commissioner of Banks as of 2026-09-16 |
| State lending regulator | North Carolina Office of the Commissioner of Banks (NCCOB) Source says: "Lenders operating under the CFA must be licensed by and are subject to regulation by the NCCOB." | North Carolina Office of the Commissioner of Banks as of 2026-09-16 |
| Consumer Finance Act installment loan rates (G.S. 53-176) | 33% per annum on unpaid balance up to $4,000; 24% on $4,000-$8,000; 18% on the remainder (loans up to $12,000); 18% for loans above $12,000 Source says: "thirty-three percent (33%) per annum on that part of the unpaid principal balance not exceeding four thousand dollars ($4,000)" | North Carolina General Assembly as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | For loans of $25,000 or less: greater of the 6-month U.S. Treasury bill rate + 6% or 16% (G.S. 24-1.1(c)); any agreed rate above $25,000 Source says: "plus six percent (6%), rounded upward or downward ... or sixteen percent (16%), whichever is greater" | North Carolina General Assembly as of 2026-09-16 |
| Payday lending status | Payday lenders shut down in North Carolina; online payday lending remains an enforcement target Source says: "Payday Lenders: Shut Down In NC, But Still Victimizing Borrowers Online" | North Carolina Department of Justice (Office of the Attorney General) as of 2026-09-16 |
How to compare offers in Liberty
The steps below are worth completing first when you borrow in Liberty:
- 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 North Carolina using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.