Good to excellent credit
American Express
- Credit profile
- Excellent
- APR range
- 6.99% – 19.99%
- Loan amount
- $3,500 – $40,000
Personal finance / VT
Personal loans, banking, insurance, and debt help in Vermont
Vermonters 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.
20lenders in the dataset
VTstate guide
$1,025/yraverage homeowners premium in dataset
51jurisdictions in the dataset
01 / Personal loans
Personal loans in Vermont
Vermonters 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
Vermont is one of the stricter states in the country: single-payment loans by Title 8-licensed lenders are capped at a flat 18%, while retail installment contracts follow a tiered structure. The general usury cap for non-licensed lending is 12%.
| Loan range | Rate | Statute |
|---|---|---|
| Single-payment loans (Title 8-licensed lenders) | Flat 18% | Vermont Title 8 |
| Retail installment contracts, first $500 | 18% | Vermont retail installment law |
| Retail installment contracts, above $500 | 15% | Vermont retail installment law |
| Non-licensed lending | 12% general usury cap | Vermont general usury law |
Lender complaints: Vermont Department of Financial Regulation
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
KeyBank
- Credit profile
- Not specified
- APR range
- 8.99% – 22.99%
- Loan amount
- $2,000 – $100,000
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
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
SoFi
- Credit profile
- Good - Excellent
- APR range
- 8.74% – 35.99%
- Loan amount
- $5,000 – $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
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
03 / Debt consolidation
Debt consolidation
Vermont's tiered structure runs from 18% down to roughly 15% depending on loan size, so a well-priced debt consolidation loan should land comfortably under those ceilings compared to a typical credit card APR.
04 / Banking and credit unions
Banking in Vermont
National banks offer scale and broad networks, while Vermont-based and regional banks compete on relationship banking and local lending decisions.
Banks listed
- TD BankU.S. headquarters in Cherry Hill, NJ.
- Community Bank N.A.Headquartered in DeWitt, NY, with a significant Vermont presence.
- M&T BankHeadquartered in Buffalo, NY.
- NBT BankHeadquartered in Norwich, NY.
- Union BankHeadquartered in Morrisville, VT.
- ChaseNational bank.
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.
Vermont credit unions posted median membership growth of about 6.2% year over year (Q4 2025 NCUA data), one of the strongest in the comparison, alongside strong median asset growth (~6.3%).
Vermont State Employees Credit Union (now merged into EastRise) began in 1946 among seven state employees. Vermont Federal Credit Union expanded to cover the entire state only in 2021. Vermont has undergone rapid consolidation, with only about 16 credit unions domiciled in the state today after mergers like 802 Credit Union (2020) and VSECU merging with New England Federal Credit Union to form EastRise.
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 under Vt. Stat. Ann. tit. 8, § 2751 et seq. (debt adjustment), regulated by the Vermont Department of Financial Regulation, with historically strict fee limits. Rules are strict enough that several national debt settlement companies do not operate in Vermont at all.
Companies listed in the dataset
06 / Insurance
Vermont insurance
Regulator
Vermont Department of Financial Regulation, Insurance Division
Insurance regulator websiteAuto insurance
25/50/10
Vermont requires liability insurance with minimum limits of $25,000 per person and $50,000 per accident for bodily injury, plus $10,000 for property damage. Uninsured and underinsured motorist coverage is also required.
Homeowners and renters
$1,025/yr
- State requirement
- No
- National homeowners average
- $1,337/yr
- Renters average
- $150/yr
Vermont carries real exposure to flooding, both from heavy rain and spring snowmelt along its rivers, along with heavy winter snow and ice loads.
07 / Questions
Vermont FAQs
How do I file a complaint against a lender in Vermont?
Contact the Vermont Department of Financial Regulation, which licenses and supervises consumer lenders operating in Vermont.
How do I file a complaint against my insurance company in Vermont?
File with the Vermont Department of Financial Regulation, Insurance Division.
What's the maximum interest rate a lender can legally charge on a personal loan in Vermont?
Single-payment loans by Title 8-licensed lenders are capped at a flat 18%. Retail installment contracts follow a tiered structure: 18% on the first $500 and 15% above that. The general usury cap for non-licensed lending is 12%.
Are payday loans legal in Vermont, and are there caps on fees or loan amounts?
No. Vermont banned payday loans in 2001, and the state's 18% APR cap on single-payment loans (9 V.S.A. § 41a) makes triple-digit payday rates illegal. By 2012, every storefront payday lender had left the state. A loophole exists for out-of-state bank partnerships offering loans over 400% APR, though these remain controversial and can be voided by a Vermont court.
How long can a debt collector legally pursue an unpaid debt in Vermont before the statute of limitations runs out?
Written contracts, oral contracts, and open accounts all carry a 6-year statute of limitations (12 V.S.A. § 511). Promissory notes signed before an attesting witness get a 14-year window.
What's the difference between a debt consolidation loan and debt settlement for someone living in Vermont?
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. Vermont's debt settlement rules are strict enough that several national providers don't operate in the state.
