Personal loans in Chevy Chase Section Five, MD

Chevy Chase Section Five is a small community of about 663 residents, and a personal loan taken out here is governed by Maryland statute. Population in Chevy Chase Section Five dropped about 1.3% over the three years from 2020 to 2023.

By the Personalloaner Editorial Team · Last updated 2026-09-16

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

By population, Chevy Chase Section Five sits at 115th in Maryland, with an estimated 663 residents. Get pre-qualified with several lenders, then compare APR rather than the headline rate for a Chevy Chase Section Five loan. For the 663 people in Chevy Chase Section Five, Maryland runs its own consumer-lending licensing, and the sourced table below lists the figures that apply. A larger market lies at Chevy Chase Section Three, MD about 0 miles away.

Local context for Chevy Chase Section Five

Chevy Chase Section Five is a small community; the notes below cover its population profile and the statewide rules that apply.

Which Maryland laws govern a loan in Chevy Chase Section Five

These are Maryland's sourced lending facts as they reach Chevy Chase Section Five's 663 residents; the state has no city-level rate rule.

RuleDetailSource
State lending regulatorOffice of Financial Regulation; Commissioner of Financial Regulation (Maryland Department of Labor)
Source says: "is Maryland's consumer financial protection agency and financial services regulator"
Maryland Department of Labor
as of 2026-09-16
Maximum legal interest rate (usury cap)24% per year effective simple interest for qualifying loans (Md. Code Com. Law § 12-103(c)); otherwise 8% (written agreement) or 18%
Source says: "a lender may charge an effective rate of simple interest not in excess of 24 percent per year on the unpaid principal balance"
Maryland General Assembly
as of 2026-09-16
Payday lending statusRegulated as consumer loans: licensing and statutory interest-rate limits apply to payday-style loans (OFR)
Source says: "they are prohibited from charging or receiving an interest rate that is greater than authorized by the laws of this State"
Maryland Department of Labor, Office of Financial Regulation
as of 2026-09-16

Where Chevy Chase Section Five sits in Maryland

Set beside Maryland's 157 places, Chevy Chase Section Five ranks 115th by population and holds about 0.0% of the state total. For population change between 2020 and 2023, Chevy Chase Section Five ranks 112th of 157 in Maryland (about the 29th percentile). Its roughly 6,196 residents per square mile place it 13th among Maryland's places. The population moved by about 9 people between 2020 and 2023, a 1.3% shift.

Borrowing reach in Chevy Chase Section Five

With about 6,196 residents per square mile, Chevy Chase Section Five is densely built, and 88 larger Census places sit within 50 miles. A Maryland licence lets a lender serve Chevy Chase Section Five without a local office, so branch density does not change what its 663 residents are offered. For a larger market, the closest option is Chevy Chase Section Three, MD about 0 miles away.

A pre-application checklist for Chevy Chase Section Five

For Chevy Chase Section Five's roughly 663 residents, these are the steps that most influence the offer:

  1. Start with the credit file: order the reports, fix the errors, then apply.
  2. Model the payment on the calculator before a lender models it for you.
  3. Line up several pre-qualified offers and let the APR decide.
  4. Confirm the lender holds a Maryland licence by checking the regulator named above.
  5. Decide the purpose and how you will repay it before approaching any lender.
  6. If debt is already a struggle, talk to a nonprofit credit counsellor before borrowing more.
  7. Read the disclosure for an origination fee and any prepayment penalty before signing.

None of these steps is Chevy Chase Section Five-specific: the same Maryland licensing and disclosure rules reach all 663 residents.

Chevy Chase Section Five on the map

The Census Gazetteer records about 0.1 square miles of land within Chevy Chase Section Five, with no significant water area listed. That land carries about 6,196 people per square mile. Baltimore, the largest place in Maryland, is about 33 miles from Chevy Chase Section Five. Within 50 miles of Chevy Chase Section Five there are 88 larger Census places. The 100-mile radius contains 281 larger places.

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Common questions

What are my options in Chevy Chase Section Five if my credit is poor?
Borrowing is still possible, but expect a higher APR and a smaller approved amount. Lenders that accept lower scores hold statewide licences, so what is open to you in Chevy Chase Section Five is the same as anywhere in Maryland.
What loan size can I expect in Chevy Chase Section Five?
Most personal loans sit somewhere between $1,000 and $50,000, though the figure you are approved for turns on the lender, your income and your credit. Model the monthly payment first with our personal loan calculator.
Do I have to pledge anything to borrow in Chevy Chase Section Five?
For an unsecured personal loan, no — there is nothing to pledge. A secured loan, such as home equity or one secured by a vehicle, does require collateral, and default puts that asset at risk.
Does comparing loans in Chevy Chase Section Five cost me credit score points?
Not during pre-qualification, which normally uses a soft pull and leaves your score alone. Submitting a full application triggers a hard inquiry, which can trim a few points briefly.

Nearby places

Related