Milton at a glance
- Population: 2,755 residents, the 45th-largest of 230 places in West Virginia (US Census Bureau, Vintage 2023).
- 2020 Census base: 2,807 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: down about 1.9% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among West Virginia places: 45th-largest of 230 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: ahead of around 80% of West Virginia places in population terms (US Census Bureau).
- Coordinates: 38.4362 latitude, -82.1360 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Hurricane, WV (6 mi); Barboursville, WV (9 mi); Huntington, WV (16 mi); St. Albans, WV (18 mi); Nitro, WV (18 mi), each a US Census place with its estimated population.
- Smaller places close by: Athalia, OH (11 mi); West Hamlin, WV (11 mi); Hamlin, WV (11 mi) (US Census Bureau).
What a personal loan costs in Milton
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
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.
West Virginia lending rules that apply in Milton
Where a figure is not published by the state, the row points to the source instead of guessing.
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | 31% per year on unsecured loans of $3,500 or less; 27% on $3,500–$15,000; 18% above $15,000 (W. Va. Code § 46A-4-107) Source says: the loan finance charge, calculated according to the actuarial method, may not exceed 31 percent per year | West Virginia Legislature (West Virginia Code) as of 2026-09-16 |
| Payday lending status | Traditional payday lending is generally prohibited; check cashers are regulated under W. Va. Code ch. 32A Source says: Traditional "Payday Lenders" are generally prohibited within this state. | West Virginia Division of Financial Institutions (WV DFI) as of 2026-09-16 |
| Small-loan / installment lender licensing | Regulated consumer lender license required from the Commissioner (W. Va. Code § 46A-4-101) Source says: Unless a person has first obtained a license from the commissioner authorizing the person to make regulated consumer loans | West Virginia Legislature (West Virginia Code) as of 2026-09-16 |
| State lending regulator | West Virginia Division of Financial Institutions (WV DFI) Source says: The West Virginia Division of Financial Institutions is charged with the regulation and supervision of financial institutions chartered by the State of West Virginia. | West Virginia Division of Financial Institutions (WV DFI) as of 2026-09-16 |
How to compare offers in Milton
The steps below are worth completing first when you borrow in Milton:
- 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 West Virginia using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.