New Haven at a glance
- Population: roughly 1,418 people; 76th of 230 places in West Virginia (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 1,476 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: roughly 3.9% fewer residents than at the 2020 Census (US Census Bureau).
- Rank among West Virginia places: 76th in population of 230 places (US Census Bureau).
- Size percentile: about 67% of places in West Virginia are smaller (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 38.9882, -81.9673.
- Nearest larger cities (within 120 miles): Pomeroy, OH (5 mi); Middleport, OH (5 mi); Ravenswood, WV (11 mi); Point Pleasant, WV (13 mi); Gallipolis, OH (17 mi) (US Census Bureau populations).
- Smaller places close by: Syracuse, OH (1 mi); Hartford City, WV (1 mi); Racine, OH (3 mi) (US Census Bureau).
What a personal loan costs in New Haven
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
West Virginia lending rules that apply in New Haven
The West Virginia rate caps and licensing rules that reach New Haven are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in New Haven
Run through this list before signing anything in New Haven:
- 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.