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Personal loans in Ravenswood, WV

Taking out a personal loan in Ravenswood means a fixed monthly payment for a set term, and the APR you are quoted rests on your credit, income and debts. About 3,819 people live in Ravenswood, which ranks 32nd of 230 Census places in West Virginia. The sourced table below shows the West Virginia rate caps and licensing requirements that reach every loan made here.

By the Personalloaned Editorial Team · Last updated 2026-09-16

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Ravenswood at a glance

  • Population: about 3,819 residents, ranking 32nd of 230 Census places in West Virginia (US Census Bureau, Vintage 2023 subcounty estimate).
  • 2020 Census base: 3,868 residents at the 2020 Census (US Census Bureau, 2020 count).
  • 2020 to 2023 change: down roughly 1.3% across the 2020-to-2023 comparison (US Census Bureau).
  • Rank among West Virginia places: 32nd of 230 by population (US Census Bureau, Vintage 2023).
  • Size percentile: about 86% of West Virginia's Census places are smaller (US Census Bureau).
  • Coordinates: the Census Gazetteer places it at 38.9563, -81.7620.
  • Nearest larger cities (120-mile radius): Point Pleasant, WV (21 mi); Parkersburg, WV (24 mi); Belpre, OH (24 mi); Vienna, WV (28 mi); Athens, OH (31 mi) (US Census Bureau).
  • Smaller towns nearby: Racine, OH (8 mi); Ripley, WV (10 mi); New Haven, WV (11 mi) (US Census Bureau).

What a personal loan costs in Ravenswood

A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.

APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.

Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.

A useful rule is to keep the new payment inside the room your budget already has, so the loan eases pressure instead of adding to it.

West Virginia lending rules that apply in Ravenswood

The West Virginia rate caps and licensing rules that reach Ravenswood are listed below, each with its source and retrieval date.

RuleDetailSource
Maximum legal interest rate (usury cap)31% per year on unsecured loans of $3,500 or less; 27% on $3,500–$15,000; 18% above $15,000 (W. Va. Code § 46A-4-107)
Source says: the loan finance charge, calculated according to the actuarial method, may not exceed 31 percent per year
West Virginia Legislature (West Virginia Code)
as of 2026-09-16
Payday lending statusTraditional payday lending is generally prohibited; check cashers are regulated under W. Va. Code ch. 32A
Source says: Traditional "Payday Lenders" are generally prohibited within this state.
West Virginia Division of Financial Institutions (WV DFI)
as of 2026-09-16
Small-loan / installment lender licensingRegulated consumer lender license required from the Commissioner (W. Va. Code § 46A-4-101)
Source says: Unless a person has first obtained a license from the commissioner authorizing the person to make regulated consumer loans
West Virginia Legislature (West Virginia Code)
as of 2026-09-16
State lending regulatorWest Virginia Division of Financial Institutions (WV DFI)
Source says: The West Virginia Division of Financial Institutions is charged with the regulation and supervision of financial institutions chartered by the State of West Virginia.
West Virginia Division of Financial Institutions (WV DFI)
as of 2026-09-16

How to compare offers in Ravenswood

A few practical steps will make the process in Ravenswood less costly:

  1. Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
  2. Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
  3. Pre-qualify with at least three lenders and compare the APR, not the interest rate.
  4. Check that the lender is licensed in West Virginia using the regulator named above.
  5. Read the disclosure for origination fees and any prepayment penalty before you sign.

Common questions

Frequently asked questions

Can I get a personal loan with bad credit in Ravenswood?
Yes, but expect a higher APR and possibly a smaller amount. Lenders that serve borrowers with lower scores are licensed statewide, so your options in Ravenswood are the same as elsewhere in West Virginia.
How much can I borrow with a personal loan in Ravenswood?
Loan amounts are set by each lender and depend on your income, credit and existing debts, so we do not quote a range we cannot source. The Consumer Financial Protection Bureau explains how lenders assess an application, and our personal loan calculator will model the payment for any amount before you apply.
Does a personal loan in Ravenswood require collateral?
Unsecured personal loans do not require collateral. A secured loan, such as a home-equity or auto-secured loan, does — and it puts the pledged asset at risk if you default.
Will shopping for a loan in Ravenswood hurt my credit?
Pre-qualification usually uses a soft credit pull that does not affect your score. A full application triggers a hard inquiry, which may lower your score by a few points temporarily.

Nearby places

Where these figures come from

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