Ludlow at a glance
- Population: about 789, 20th by size in Vermont of 40 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 785 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: up roughly 0.5% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Vermont places: 20th of 40 by population (US Census Bureau, Vintage 2023).
- Size percentile: ahead of around 50% of Vermont places in population terms (US Census Bureau).
- Coordinates: 43.4019 / -72.6992, per the US Census Bureau Gazetteer.
- Nearest larger cities: Woodstock, VT (18 mi); Claremont, NH (18 mi); Rutland, VT (20 mi); Bellows Falls, VT (22 mi); Lebanon, NH (28 mi), each a US Census place with its estimated population.
- Nearest smaller towns: Saxtons River, VT (20 mi); Manchester, VT (25 mi); Westminster, VT (26 mi) (US Census Bureau).
What a personal loan costs in Ludlow
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
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.
The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.
A useful rule is to keep the new payment inside the room your budget already has, so the loan eases pressure instead of adding to it.
Vermont lending rules that apply in Ludlow
The table carries the Vermont rate and licensing rules that apply to consumer loans made in Ludlow.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Ludlow
A few practical steps will make the process in Ludlow 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 Vermont using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.