West Point at a glance
- Population: 3,536 (US Census Bureau, Vintage 2023 subcounty estimate), the 72nd-largest of 227 places in Virginia.
- 2020 Census base: 3,414 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
- 2020 to 2023 change: an increase of about 3.6% since the 2020 count (US Census Bureau).
- Rank among Virginia places: 72nd out of 227 Census places (US Census Bureau).
- Size percentile: ahead of around 68% of Virginia places in population terms (US Census Bureau).
- Coordinates: 37.5523, -76.8018 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Williamsburg, VA (20 mi); Hopewell, VA (33 mi); Newport News, VA (36 mi); Richmond, VA (37 mi); Colonial Heights, VA (38 mi); US Census Bureau population estimates.
- Nearest smaller communities: Urbanna, VA (14 mi); Irvington, VA (22 mi); White Stone, VA (23 mi) (Census populations).
What a personal loan costs in West Point
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
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.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Virginia lending rules that apply in West Point
The Virginia rate caps and licensing rules that reach West Point are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Virginia State Corporation Commission, Bureau of Financial Institutions (BFI) Source says: The Bureau of Financial Institutions (BFI) is a regulatory division of the Virginia State Corporation Commission (SCC.) | Virginia State Corporation Commission (SCC) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 12% per year maximum contract rate, except as otherwise permitted by law (Va. Code § 6.2-303) Source says: no contract shall be made for the payment of interest on a loan at a rate that exceeds 12 percent per year | Virginia General Assembly (Code of Virginia) as of 2026-09-16 |
| Payday lending status | Legal via licensed short-term lenders; interest capped at a 36% simple annual rate plus limited fees (Va. Code § 6.2-1817) Source says: Interest at a simple annual rate not to exceed 36 percent | Virginia General Assembly (Code of Virginia) as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer finance license required from the State Corporation Commission (Va. Code § 6.2-1501) Source says: No person shall engage in the business of making loans to individuals for personal, family, household, or other nonbusiness purposes | Virginia General Assembly (Code of Virginia) as of 2026-09-16 |
How to compare offers in West Point
Run through this list before signing anything in West Point:
- 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 Virginia using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.