Pacific Grove at a glance
- Population: 14,757 people, the 326th-largest place among California's 482 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 15,101 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: about 2.3% below the 2020 Census base (US Census Bureau).
- Rank among California places: 326th in population of 482 places (US Census Bureau).
- Size percentile: about 32% of places in California are smaller (US Census Bureau).
- Coordinates: 36.6226, -121.9264 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Monterey, CA (3 mi); Seaside, CA (6 mi); Marina, CA (9 mi); Salinas, CA (17 mi); Watsonville, CA (22 mi) (Census populations, approximate straight-line distance).
- Nearest smaller towns: Sand City, CA (4 mi); Carmel-by-the-Sea, CA (5 mi); Del Rey Oaks, CA (6 mi) (US Census Bureau).
What a personal loan costs in Pacific Grove
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
California lending rules that apply in Pacific Grove
Read the table as the compliance picture for a lender serving Pacific Grove: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | Finance lender/broker license required from the Commissioner of Financial Protection and Innovation (California Financing Law) Source says: "No person shall engage in the business of a finance lender or broker without obtaining a license from the commissioner". | California Legislature — Financial Code § 22100 as of 2026-09-16 |
| State lending regulator | California Department of Financial Protection and Innovation (DFPI) Source says: "“Department” means the Department of Financial Protection and Innovation". | California Legislature — Financial Code § 23001 as of 2026-09-16 |
| 36% rate cap on mid-size consumer loans (AB 539) | Consumer loans of $2,500 to under $10,000: cap of 36% per annum simple interest plus the Federal Funds Rate Source says: "charges at a rate not exceeding an annual simple interest rate of 36 percent per annum plus the Federal Funds Rate". | California Legislature — Financial Code § 22304.5 as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 7% per annum default; written contracts may set up to 10% per annum for consumer-purpose loans Source says: "shall be 7 percent per annum"; "for use primarily for personal, family, or household purposes, at a rate not exceeding 10 percent per annum". | California Legislature — California Constitution, Article XV, § 1 as of 2026-09-16 |
| Payday lending status | Permitted under the California Deferred Deposit Transaction Law; max $300 face amount; fee ≤15%; term up to 31 days Source says: "The face amount of the check shall not exceed three hundred dollars ($300)"; "A fee for a deferred deposit transaction shall not exceed 15 percent of the face amount of the check" (Financial Code § 23036). | California Legislature — Financial Code § 23035 (and § 23036) as of 2026-09-16 |
How to compare offers in Pacific Grove
Run through this list before signing anything in Pacific Grove:
- 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 California using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.