Good to excellent credit
American Express
- Credit profile
- Excellent
- APR range
- 6.99% – 19.99%
- Loan amount
- $3,500 – $40,000
Personal finance / VA
Personal loans, banking, insurance, and debt help in Virginia
Virginians use personal loans to consolidate credit card debt, cover emergencies, finance home improvements, or manage major expenses, typically through unsecured loans priced on credit and income.
33lenders in the dataset
VAstate guide
$1,199/yraverage homeowners premium in dataset
51jurisdictions in the dataset
01 / Personal loans
Personal loans in Virginia
Virginians use personal loans to consolidate credit card debt, cover emergencies, finance home improvements, or manage major expenses, typically through unsecured loans priced on credit and income.
Interest-rate law
Virginia's 2020 Fairness in Lending Act replaced the old $2,500 threshold structure with a single flat 36% rate across the entire $300-$35,000 licensed loan range.
| Loan range | Rate | Statute |
|---|---|---|
| $300 to $35,000 | Flat 36% annual, with a capped processing fee (greater of $50 or 6% of principal, up to $150), required 6-120 month term | Fairness in Lending Act (2020), Consumer Finance Companies Act |
| Above $35,000 | Falls to general usury framework, 12% cap, unless business/investment-purpose exempt or made by an exempt entity like a bank | Virginia general usury law |
Lender complaints: Virginia Bureau of Financial Institutions (State Corporation Commission)
02 / Lender directory
Lenders by credit profile
Good to excellent credit
Axos Bank
- Credit profile
- Excellent
- APR range
- 11.79% – 20.84%
- Loan amount
- $7,000 – $50,000
Good to excellent credit
Citi
- Credit profile
- Good - Excellent
- APR range
- 9.99% – 17.49%
- Loan amount
- $2,000 – $30,000
Good to excellent credit
Discover
- Credit profile
- Good - Excellent
- APR range
- 6.99% – 24.99%
- Loan amount
- $2,500 – $40,000
Good to excellent credit
Happy Money
- Credit profile
- Good
- APR range
- 7.95% – 35.99%
- Loan amount
- $5,000 – $50,000
Good to excellent credit
LightStream
- Credit profile
- Good - Excellent
- APR range
- 6.74% – 25.39%
- Loan amount
- $5,000 – $100,000
Good to excellent credit
M&T Bank
- Credit profile
- Not specified
- APR range
- 7.74% – 13.94%
- Loan amount
- $2,000 – $5,000
Good to excellent credit
PNC Bank
- Credit profile
- Not specified
- APR range
- 7.89% – 24.99%
- Loan amount
- $1,000 – $35,000
Good to excellent credit
PenFed
- Credit profile
- Good
- APR range
- 7.99% – 17.99%
- Loan amount
- $500 – $50,000
Good to excellent credit
Prosper
- Credit profile
- Good
- APR range
- 8.99% – 35.99%
- Loan amount
- $2,000 – $50,000
Good to excellent credit
Rocket Loans
- Credit profile
- Good
- APR range
- 8.01% – 29.99%
- Loan amount
- $2,000 – $45,000
Good to excellent credit
Santander
- Credit profile
- Not specified
- APR range
- 7.99% – 24.99%
- Loan amount
- $5,000 – $50,000
Good to excellent credit
SoFi
- Credit profile
- Good - Excellent
- APR range
- 8.74% – 35.99%
- Loan amount
- $5,000 – $100,000
Good to excellent credit
Truist
- Credit profile
- Good - Excellent
- APR range
- 6.74% – 25.39%
- Loan amount
- $3,500 – $100,000
Good to excellent credit
USAA
- Credit profile
- Good - Excellent
- APR range
- 9.89% – 18.51%
- Loan amount
- $2,500 – $100,000
Good to excellent credit
Wells Fargo
- Credit profile
- Good - Excellent
- APR range
- 6.74% – 25.99%
- Loan amount
- $3,000 – $100,000
Fair credit
60MonthLoans
- Credit profile
- Fair
- APR range
- 25% – 36%
- Loan amount
- $2,600 – $10,000
Fair credit
Achieve
- Credit profile
- Fair
- APR range
- 6.25% – 35.99%
- Loan amount
- $5,000 – $50,000
Fair credit
Avant
- Credit profile
- Poor to Good
- APR range
- 9.95% – 35.99%
- Loan amount
- $2,000 – $35,000
Fair credit
Best Egg
- Credit profile
- Fair
- APR range
- 6.99% – 35.99%
- Loan amount
- $2,000 – $50,000
Fair credit
Happen Bank (formerly LendingClub)
- Credit profile
- Fair
- APR range
- 7.04% – 35.99%
- Loan amount
- $1,000 – $60,000
Fair credit
LendingPoint
- Credit profile
- Fair
- APR range
- 7.99% – 35.99%
- Loan amount
- $1,000 – $36,500
Fair credit
Navy Federal Credit Union
- Credit profile
- Fair - Excellent
- APR range
- 8.74% – 18%
- Loan amount
- $250 – $50,000
Fair credit
Oportun
- Credit profile
- Fair
- APR range
- N/A – 35.95%
- Loan amount
- $300 – $10,000
Fair credit
TD Bank
- Credit profile
- Fair - Excellent
- APR range
- 9.99% – 23.99%
- Loan amount
- $2,000 – $50,000
Fair credit
Upgrade
- Credit profile
- Fair
- APR range
- 7.74% – 35.99%
- Loan amount
- $1,000 – $50,000
Fair credit
Upstart
- Credit profile
- Fair
- APR range
- 6.20% – 35.99%
- Loan amount
- $1,000 – $75,000
Poor or limited credit
Mariner Finance
- Credit profile
- Poor
- APR range
- 15.49% – 35.99%
- Loan amount
- $1,000 – $25,000
Poor or limited credit
NetCredit
- Credit profile
- Poor
- APR range
- 34% – 99.99%
- Loan amount
- $1,000 – $10,000
Poor or limited credit
OneMain Financial
- Credit profile
- Poor
- APR range
- 18% – 35.99%
- Loan amount
- $1,500 – $20,000
Poor or limited credit
OppLoans
- Credit profile
- Poor
- APR range
- 160% – 195%
- Loan amount
- $500 – $5,000
Poor or limited credit
Personify Financial
- Credit profile
- Poor
- APR range
- 36% – 179.50%
- Loan amount
- $500 – $15,000
Poor or limited credit
RISE
- Credit profile
- Poor
- APR range
- 99% – 199%
- Loan amount
- $500 – $5,000
03 / Debt consolidation
Debt consolidation
Virginia's flat 36% cap applies across the entire licensed loan range up to $35,000, so a debt consolidation loan priced near that ceiling isn't likely to save much over a typical credit card APR. Look for a rate meaningfully below 36%.
04 / Banking and credit unions
Banking in Virginia
National banks offer scale and broad networks, while Virginia-based and regional banks compete on relationship banking and local lending decisions.
Banks listed
- Bank of AmericaNational bank.
- TruistHeadquartered in Charlotte, NC.
- Wells FargoNational bank.
- ChaseNational bank.
- Atlantic Union BankHeadquartered in Richmond, VA.
- TowneBankHeadquartered in Portsmouth, VA.
- Capital OneHeadquartered in McLean, VA.
Credit unions
Credit unions are member-owned, not-for-profit institutions offering lower rates and fewer fees than banks, with membership tied to geography, employer, or affiliation.
Virginia credit unions posted median membership growth of about 3.0% year over year (Q4 2025 NCUA data), alongside modest median loan growth (about -0.5%).
Virginia is home to Navy Federal Credit Union, the largest credit union in the world, founded in 1933 for Navy Department employees in Washington, D.C. It opened to all Navy personnel in 1954, then all DoD personnel and contractors by 2003, growing into a $197 billion institution with over 15 million members, relocating to Vienna, VA in 1977 near the Pentagon and Northern Virginia's federal contractor base.
Federally insured credit union deposits are protected up to $250,000 through the National Credit Union Share Insurance Fund.
Credit unions listed
05 / Debt settlement
Debt settlement
Legal and licensed effective July 1, 2021 under the Debt Settlement Services Providers statute (Va. Code § 6.2-2000 et seq.), regulated by the SCC Bureau of Financial Institutions. Licensees may not accept a fee before providing the requested service, must carry a surety bond, and violations are treated as prohibited practices under the Virginia Consumer Protection Act.
Companies listed in the dataset
06 / Insurance
Virginia insurance
Regulator
Virginia Bureau of Insurance (State Corporation Commission)
Insurance regulator websiteAuto insurance
25/50/20
Virginia requires liability insurance with minimum limits of $25,000 per person and $50,000 per accident for bodily injury, plus $20,000 for property damage. Uninsured and underinsured motorist coverage is also required. Virginia is one of the few states that allows drivers to pay an uninsured motorist fee instead of carrying insurance, though that provides no actual coverage.
Homeowners and renters
$1,199/yr
- State requirement
- No
- National homeowners average
- $1,337/yr
- Renters average
- $151/yr
Virginia carries real exposure to hurricanes and tropical storms along its coast, along with severe thunderstorms and occasional tornadoes further inland; coastal counties see meaningfully higher premiums.
07 / Questions
Virginia FAQs
How do I file a complaint against a lender in Virginia?
Contact the Virginia Bureau of Financial Institutions (State Corporation Commission), which licenses and supervises consumer lenders operating in Virginia.
How do I file a complaint against my insurance company in Virginia?
File with the Virginia Bureau of Insurance (State Corporation Commission).
What's the maximum interest rate a lender can legally charge on a personal loan in Virginia?
36% flat, across Virginia's entire licensed loan range of $300 to $35,000, following the 2020 Fairness in Lending Act. This replaced an older structure capping only loans up to $2,500 at 36% and leaving larger loans uncapped. Above $35,000, a loan reverts to Virginia's general 12% usury cap, unless business/investment-purpose exempt.
Are payday loans legal in Virginia, and are there caps on fees or loan amounts?
Not in the traditional sense anymore. The 2020 Fairness in Lending Act renamed 'payday loans' to 'short-term loans,' raised the maximum from $500 to $2,500, required a minimum four-month term, and capped interest and fees at 36% simple annual plus a monthly maintenance fee of up to the lesser of 8% of the original loan or $25.
How long can a debt collector legally pursue an unpaid debt in Virginia before the statute of limitations runs out?
Signed written contracts, including personal loans and credit cards, have a 5-year statute of limitations (Va. Code § 8.01-246). Oral contracts and unsigned written agreements have a 3-year window.
What's the difference between a debt consolidation loan and debt settlement for someone living in Virginia?
A debt consolidation loan pays off debts in full with new borrowed money on a fixed schedule. Debt settlement negotiates reduced payoffs but damages credit. Virginia licenses debt settlement companies under a 2021 statute, a real regulatory layer.
