Rutland at a glance
- Population: a Census-estimated 15,630, placing it 3rd among Vermont's 40 places (Vintage 2023 subcounty estimate).
- 2020 Census base: 15,815 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: a decline of roughly 1.2% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Vermont places: 3rd by size among 40 communities (US Census Bureau).
- Size percentile: it exceeds roughly 92% of Vermont's Census places by population (US Census Bureau).
- Coordinates: 43.6097, -72.9778 (US Census Bureau Gazetteer).
- Nearest larger cities: Saratoga Springs, NY (55 mi); Keene, NH (56 mi); South Burlington, VT (58 mi); Burlington, VT (62 mi); Cohoes, NY (69 mi); each population is a US Census Bureau estimate.
- Nearest smaller communities: Poultney, VT (14 mi); Granville, NY (20 mi); Ludlow, VT (20 mi), each a US Census place.
What a personal loan costs in Rutland
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
Vermont lending rules that apply in Rutland
Where a figure is not published by the state, the row points to the source instead of guessing.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Vermont Department of Financial Regulation (DFR), Banking Division Source says: The Banking Division regulates the below listed non-depository financial services. | Vermont Department of Financial Regulation (DFR) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 12% per annum general legal rate; 18% permitted for certain single-payment loans by regulated lenders (9 V.S.A. § 41a) Source says: the rate of interest or the sum allowed for forbearance or use of money shall be 12 percent per annum computed by the actuarial method | Vermont General Assembly (Vermont Statutes Online) as of 2026-09-16 |
| Payday lending status | Prohibited — payday loans (postdated check lending) are explicitly banned in Vermont Source says: Payday loans (loans contingent on a postdated payment instrument) are explicitly banned. | Vermont Attorney General as of 2026-09-16 |
| Small-loan / installment lender licensing | Lender license required from the Commissioner (8 V.S.A. ch. 73, § 2201) Source says: Without first obtaining a license under this chapter from the Commissioner, a person shall not | Vermont General Assembly (Vermont Statutes Online) as of 2026-09-16 |
How to compare offers in Rutland
A few practical steps will make the process in Rutland less costly:
- 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 Vermont using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.