Summerville at a glance
- Population: roughly 4,420 people; 155th of 536 places in Georgia (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 4,431 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
- 2020 to 2023 change: down about 0.2% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Georgia places: 155th in population of 536 places (US Census Bureau).
- Size percentile: ahead of around 71% of Georgia places in population terms (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 34.4787, -85.3491.
- Nearest larger cities: LaFayette, GA (16 mi); Rome, GA (17 mi); Fort Payne, AL (19 mi); Calhoun, GA (24 mi); Adairsville, GA (26 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller places: Trion, GA (5 mi); Lyerly, GA (6 mi); Menlo, GA (7 mi) (US Census Bureau estimates).
What a personal loan costs in Summerville
Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.
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.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Georgia lending rules that apply in Summerville
The table carries the Georgia rate and licensing rules that apply to consumer loans made in Summerville.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | Installment lender license required for loans of $3,000 or less Source says: "any entity making loans of $3,000.00 or less to individuals must be licensed with the Department as an installment lender". | Georgia Department of Banking and Finance as of 2026-09-16 |
| State lending regulator | Georgia Department of Banking and Finance (DBF) Source says: "The Non-depository division supervises mortgage lenders, mortgage brokers, and mortgage loan originators, as well as installment lenders, check cashers, and money transmitters". | Georgia Department of Banking and Finance as of 2026-09-16 |
| Installment Loan Act rate cap | 10% per annum of the face amount of the contract (licensed installment loans) Source says: "may charge interest at a rate not to exceed 10 percent per annum of the face amount of the contract". | Georgia Department of Banking and Finance as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | See the latest published figure value_text left null: Georgia's rate ceilings are set by O.C.G.A. Title 7, Chapter 4 (O.C.G.A. §§ 7-4-1 to 7-4-21); the Department of Banking and Finance does not publish the figure and the official code host could not be fetched, so no figure is asserted. | Georgia Department of Banking and Finance as of 2026-09-16 |
| Payday lending status | Prohibited (payday lending illegal in Georgia) Source says: "Payday lending is illegal in Georgia." | Georgia Department of Banking and Finance as of 2026-09-16 |
How to compare offers in Summerville
Run through this list before signing anything in Summerville:
- 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 Georgia using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.