Wayne at a glance
- Population: 1,395 (US Census Bureau, Vintage 2023 subcounty estimate), the 78th-largest of 230 places in West Virginia.
- 2020 Census base: 1,442 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: about 3.3% lower than the 2020 Census base (US Census Bureau).
- Rank among West Virginia places: the 78th-largest of 230 (US Census Bureau, 2023 estimate).
- Size percentile: larger than about 66% of the Census places in West Virginia (US Census Bureau).
- Coordinates: 38.2298 latitude, -82.4416 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Louisa, KY (12 mi); Huntington, WV (13 mi); Kenova, WV (14 mi); Barboursville, WV (15 mi); South Point, OH (15 mi), each a US Census place with its estimated population.
- Nearest smaller communities: Fort Gay, WV (11 mi); Ceredo, WV (13 mi); Chesapeake, OH (14 mi), each a US Census place.
What a personal loan costs in Wayne
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
Compare offers on APR rather than the headline rate — the APR includes most fees, and you can model the total with our personal loan calculator.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
West Virginia lending rules that apply in Wayne
The table carries the West Virginia rate and licensing rules that apply to consumer loans made in Wayne.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | Regulated 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 regulator | West 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 |
| 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 status | Traditional 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 |
How to compare offers in Wayne
Before you share your details with a lender in Wayne:
- 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 West Virginia using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.