Penns Grove at a glance
- Population: the Census estimates 4,865 residents, ranking 198th of 323 places in New Jersey (Vintage 2023).
- 2020 Census base: the 2020 Census recorded 4,840 residents here (US Census Bureau).
- 2020 to 2023 change: about 0.5% more residents than the 2020 Census base (US Census Bureau).
- Rank among New Jersey places: 198th of 323 by population (US Census Bureau, Vintage 2023).
- Size percentile: it exceeds roughly 39% of New Jersey's Census places by population (US Census Bureau).
- Coordinates: it sits at 39.7277, -75.4690 in the US Census Bureau Gazetteer.
- Nearest larger cities (120-mile radius): Wilmington, DE (3 mi); New Castle, DE (7 mi); Elsmere, DE (7 mi); Chester, PA (10 mi); Brookhaven, PA (11 mi) (US Census Bureau).
- Nearest smaller communities: Bellefonte, DE (3 mi); Ardencroft, DE (5 mi); Ardentown, DE (6 mi) (Census populations).
What a personal loan costs in Penns Grove
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.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
New Jersey lending rules that apply in Penns Grove
The sourced rows below are the rules a licensed lender must follow when lending in New Jersey, and therefore in Penns Grove.
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | Civil usury: rates above 6% (agreement not in writing) or above 16% (written contract specifying the rate) Source says: "the civil usury rate is any interest rate greater than 6 percent for an agreement that is not in writing" | New Jersey Department of Banking and Insurance as of 2026-09-16 |
| Payday lending status | Unlicensed payday lending violates New Jersey's civil and criminal usury rates; payday lenders must be licensed Source says: "out-of-state or foreign entities that have not obtained the required New Jersey license and whose payment terms violate New Jersey's civil and criminal usury rates" | New Jersey Department of Banking and Insurance as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer lender license required for loans of $50,000 or less for personal, family, or household purposes (N.J.S.A. 17:11C-1 et seq.) Source says: "A consumer lender license is required for the making of a loan that is to be used primarily for personal, family or household purposes" | New Jersey Department of Banking and Insurance as of 2026-09-16 |
| State lending regulator | New Jersey Department of Banking and Insurance (DOBI); Office of Consumer Finance supervises consumer lenders Source says: "The Office of Consumer Finance regulates 16 types of businesses that provide a variety of consumer financial services." | New Jersey Department of Banking and Insurance as of 2026-09-16 |
| Criminal usury limits | 30% for non-corporate borrowers; 50% for corporations Source says: "the criminal usury limitation is 50 percent for corporations and 30 percent for non-corporate borrowers" | New Jersey Department of Banking and Insurance as of 2026-09-16 |
How to compare offers in Penns Grove
Here is a short checklist for comparing personal loans in Penns 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 New Jersey using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.