Mineral at a glance
- Population: roughly 512 people; 167th of 227 places in Virginia (Census Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 Census recorded 471 residents here (US Census Bureau).
- 2020 to 2023 change: an increase of about 8.7% since the 2020 count (US Census Bureau).
- Rank among Virginia places: 167th of the state's 227 Census places (US Census Bureau).
- Size percentile: ahead of around 26% of Virginia places in population terms (US Census Bureau).
- Coordinates: 38.0076 latitude, -77.9062 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Louisa, VA (5 mi); Gordonsville, VA (18 mi); Orange, VA (20 mi); Ashland, VA (29 mi); Fredericksburg, VA (30 mi), each a US Census place with its estimated population.
- Nearest smaller communities: Madison, VA (32 mi); Stanardsville, VA (35 mi); Port Royal, VA (40 mi), each a US Census place.
What a personal loan costs in Mineral
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
A lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.
Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.
Virginia lending rules that apply in Mineral
The sourced rows below are the rules a licensed lender must follow when lending in Virginia, and therefore in Mineral.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Mineral
Run through this list before signing anything in Mineral:
- 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.