Luray at a glance
- Population: the Census estimates 4,828 residents, ranking 67th of 227 places in Virginia (Vintage 2023).
- 2020 Census base: the 2020 count put the population at 4,830 (US Census Bureau).
- 2020 to 2023 change: about the same as at the 2020 Census (US Census Bureau).
- Rank among Virginia places: 67th of the state's 227 Census places (US Census Bureau).
- Size percentile: ahead of around 70% of Virginia places in population terms (US Census Bureau).
- Coordinates: latitude 38.6642, longitude -78.4545 (US Census Bureau Gazetteer).
- Nearest larger cities: Woodstock, VA (15 mi); Front Royal, VA (23 mi); Strasburg, VA (24 mi); Harrisonburg, VA (28 mi); Culpeper, VA (28 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller towns: Stanley, VA (6 mi); New Market, VA (12 mi); Mount Jackson, VA (12 mi) (US Census Bureau).
What a personal loan costs in Luray
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.
Virginia lending rules that apply in Luray
The table carries the Virginia rate and licensing rules that apply to consumer loans made in Luray.
| 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 Luray
The order below is a sensible way to approach a loan in Luray:
- 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.