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Personal loans in Madison, VA

For residents of Madison, a personal loan is a lump sum with a fixed repayment schedule, and its cost reflects your credit, income and debt-to-income picture. With roughly 209 people, Madison ranks 207th of 227 Census places in Virginia. Lenders in Virginia work under state rate caps and licensing rules, each listed with its publisher in the table below.

By the Personalloaned Editorial Team · Last updated 2026-09-16

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Madison at a glance

  • Population: 209, the 207th-largest community in Virginia out of 227 (US Census Bureau, Vintage 2023).
  • 2020 Census base: 206 people (US Census Bureau, 2020 Census count).
  • 2020 to 2023 change: a gain of roughly 1.5% between the 2020 count and the 2023 estimate (US Census Bureau).
  • Rank among Virginia places: 207th largest of 227 (US Census Bureau).
  • Size percentile: it is larger than about 9% of the places in Virginia (US Census Bureau).
  • Coordinates: mapped at 38.3794, -78.2586 by the US Census Bureau Gazetteer.
  • Nearest larger cities (within 120 miles): Stanardsville, VA (11 mi); Orange, VA (12 mi); Culpeper, VA (15 mi); Gordonsville, VA (17 mi); Stanley, VA (19 mi) (US Census Bureau populations).
  • Nearest smaller towns: Washington, VA (24 mi); Port Royal, VA (59 mi); Hillsboro, VA (64 mi) — US Census Bureau populations.

What a personal loan costs in Madison

A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.

The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.

A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.

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 Madison

Every figure in the table below is sourced to a publisher with a date; where a state does not publish a number, we say so rather than estimate.

RuleDetailSource
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
Payday lending statusLegal 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 licensingConsumer 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 regulatorVirginia 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

How to compare offers in Madison

Run through this list before signing anything in Madison:

  1. Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
  2. Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
  3. Pre-qualify with at least three lenders and compare the APR, not the interest rate.
  4. Check that the lender is licensed in Virginia using the regulator named above.
  5. Read the disclosure for origination fees and any prepayment penalty before you sign.

Common questions

Frequently asked questions

Can I get a personal loan with bad credit in Madison?
Yes, but expect a higher APR and possibly a smaller amount. Lenders that serve borrowers with lower scores are licensed statewide, so your options in Madison are the same as elsewhere in Virginia.
How much can I borrow with a personal loan in Madison?
Loan amounts are set by each lender and depend on your income, credit and existing debts, so we do not quote a range we cannot source. The Consumer Financial Protection Bureau explains how lenders assess an application, and our personal loan calculator will model the payment for any amount before you apply.
Does a personal loan in Madison require collateral?
Unsecured personal loans do not require collateral. A secured loan, such as a home-equity or auto-secured loan, does — and it puts the pledged asset at risk if you default.
Will shopping for a loan in Madison hurt my credit?
Pre-qualification usually uses a soft credit pull that does not affect your score. A full application triggers a hard inquiry, which may lower your score by a few points temporarily.

Nearby places

Where these figures come from

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