Ocean View at a glance
- Population: about 2,937 residents, ranking 19th of 57 Census places in Delaware (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: 2,645 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: up roughly 11.0% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Delaware places: 19th by size among 57 communities (US Census Bureau).
- Size percentile: about 67% of places in Delaware are smaller (US Census Bureau).
- Coordinates: 38.5265 latitude, -75.1097 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Selbyville, DE (7 mi); Ocean City, MD (9 mi); Millsboro, DE (12 mi); Berlin, MD (15 mi); Lewes, DE (18 mi); each population is a US Census Bureau estimate.
- Nearest smaller places: Millville, DE (1 mi); Bethany Beach, DE (3 mi); South Bethany, DE (3 mi) (US Census Bureau estimates).
What a personal loan costs in Ocean View
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
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.
Delaware lending rules that apply in Ocean View
The Delaware rate caps and licensing rules that reach Ocean View are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | Licensed lender license required from the State Bank Commissioner; making more than 5 loans in any 12-month period is deemed 'transacting the business of lending' Source says: "Every person desiring to transact the business of lending money in this State shall be required to obtain a license under this chapter". | Delaware General Assembly — 5 Del. C. § 2202 as of 2026-09-16 |
| State lending regulator | Delaware Office of the State Bank Commissioner (OSBC) Source says: "The Office of the State Bank Commissioner is responsible for regulating and examining State-chartered banks and trust companies and licensed financial services businesses". | Delaware Office of the State Bank Commissioner as of 2026-09-16 |
| Title loans (5 Del. C. ch. 22, subch. V) | Title loans permitted: secured by motor vehicle title, original repayment period of 180 days or less; borrower has a right to rescind until the end of the next business day Source says: "“Title loan” means a loan made to one or more natural persons by a licensee and secured by the title to a motor vehicle". | Delaware General Assembly — 5 Del. C. § 2250 as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 5% over the Federal Reserve discount rate; no rate limit for loans over $100,000 (licensed lenders may set rates by agreement under 5 Del. C. § 2229) Source says: "interest at any rate agreed upon in writing not in excess of 5% over the Federal Reserve discount rate"; "there shall be no limitation on the rate of interest which may be legally charged for the loan or use of money". | Delaware General Assembly — 6 Del. C. § 2301 as of 2026-09-16 |
| Payday lending status | Permitted as 'short-term consumer loans' (≤$1,000, stated term under 60 days); max 5 per borrower per 12 months; max 4 rollovers Source says: "a short-term consumer loan that would cause the borrower to have more than 5 short-term consumer loans from all licensees in any 12-month period"; "No licensee shall make more than 4 rollovers of an existing short-term consumer loan". | Delaware General Assembly — 5 Del. C. §§ 2227, 2235A as of 2026-09-16 |
How to compare offers in Ocean View
Here is a short checklist for comparing personal loans in Ocean View:
- 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 Delaware using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.