Newfane at a glance
- Population: roughly 92 people; 40th of 40 places in Vermont (Census Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 Census recorded 92 residents here (US Census Bureau).
- 2020 to 2023 change: essentially flat from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Vermont places: 40th by size among 40 communities (US Census Bureau).
- Size percentile: about 0% of Vermont's Census places are smaller (US Census Bureau).
- Coordinates: it sits at 42.9874, -72.6559 in the US Census Bureau Gazetteer.
- Nearest larger cities: Westminster, VT (12 mi); Saxtons River, VT (13 mi); Bellows Falls, VT (14 mi); Jacksonville, VT (16 mi); Keene, NH (18 mi); each population is a US Census Bureau estimate.
- Nearest smaller places: Fenwick, CT (120 mi) (US Census Bureau estimates).
What a personal loan costs in Newfane
A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
Vermont lending rules that apply in Newfane
The Vermont rate caps and licensing rules that reach Newfane are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | Lender license required from the Commissioner (8 V.S.A. ch. 73, § 2201) Source says: Without first obtaining a license under this chapter from the Commissioner, a person shall not | Vermont General Assembly (Vermont Statutes Online) as of 2026-09-16 |
| State lending regulator | Vermont Department of Financial Regulation (DFR), Banking Division Source says: The Banking Division regulates the below listed non-depository financial services. | Vermont Department of Financial Regulation (DFR) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 12% per annum general legal rate; 18% permitted for certain single-payment loans by regulated lenders (9 V.S.A. § 41a) Source says: the rate of interest or the sum allowed for forbearance or use of money shall be 12 percent per annum computed by the actuarial method | Vermont General Assembly (Vermont Statutes Online) as of 2026-09-16 |
| Payday lending status | Prohibited — payday loans (postdated check lending) are explicitly banned in Vermont Source says: Payday loans (loans contingent on a postdated payment instrument) are explicitly banned. | Vermont Attorney General as of 2026-09-16 |
How to compare offers in Newfane
Here is a short checklist for comparing personal loans in Newfane:
- 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 Vermont using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.