Pembroke at a glance
- Population: 1,130 (US Census Bureau, Vintage 2023 subcounty estimate), the 131st-largest of 227 places in Virginia.
- 2020 Census base: 1,150 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: a loss of about 1.7% since the 2020 count (US Census Bureau).
- Rank among Virginia places: 131st largest of 227 (US Census Bureau).
- Size percentile: larger than about 42% of the Census places in Virginia (US Census Bureau).
- Coordinates: mapped at 37.3219, -80.6365 by the US Census Bureau Gazetteer.
- Nearest larger cities (120-mile radius): Pearisburg, VA (5 mi); Narrows, VA (10 mi); Blacksburg, VA (13 mi); Radford, VA (15 mi); Dublin, VA (15 mi) (US Census Bureau).
- Smaller towns nearby: Peterstown, WV (10 mi); Rich Creek, VA (11 mi); Glen Lyn, VA (13 mi) (US Census Bureau).
What a personal loan costs in Pembroke
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
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.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Virginia lending rules that apply in Pembroke
The sourced rows below are the rules a licensed lender must follow when lending in Virginia, and therefore in Pembroke.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Pembroke
These steps are the ones that most affect the offer you receive in Pembroke:
- 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.