Personal loans in Covington, VA

Covington ranks 59th of 227 places in Virginia, with a population near 5,545. If debt is already a strain, a nonprofit credit counsellor can help Covington residents before they take on more. Census figures put the 2020-to-2023 decrease in Covington at about 3.5%. Borrowers who want a bigger city can look to Lexington, VA about 30 miles away.

Borrowing in Covington: the local picture

What follows is Covington's place in the Census record, alongside the Virginia rules that govern a personal loan made here.

• Population: 5,545 residents; Covington is the 59th-largest of 227 places in Virginia (US Census Bureau, Vintage 2023).
• Population trend: The 2020-to-2023 change is negative, near 3.5%.
• Change in people: the 2020-to-2023 comparison is a loss of about 202 residents.
• Size percentile: Covington's 5,545 people outrank roughly 74% of the places in Virginia.
• Population density: about 1,014 people per square mile (Census land area 5.5 sq mi).
• By land area: Covington ranks 56th among Virginia's 227 places, at 5.5 sq mi.
• Water area: Covington has 0.20 square miles of water, ranking 24th of 227 places in Virginia.
• State share: roughly 0.2% of Virginia's residents live in Covington (5,545 people).
• National rank: Covington is the 4,558th most populous of the 19,457 Census places covered here.
• Growth in Virginia: Covington stands 214th by percentage change from 2020 to 2023, among 227 places.
• Versus Virginia: the state average change is -0.0%, while Covington moved 3.5%.
• Density in Virginia: Covington ranks 87th by people per square mile.
• Density vs Virginia: Covington's 1,014 people per square mile compare with a state median of 823.
• Location: it lies at 37.7811, -79.9854 in the Census Gazetteer.
• Nearest larger cities: Lexington (30 mi); Buena Vista (34 mi); Salem (34 mi); Roanoke (35 mi); Vinton (35 mi). Online lenders reach Covington no matter how far the nearest branch is.
• Smaller places nearby: Clifton Forge (9 mi); Iron Gate (11 mi); White Sulphur Springs (17 mi).
• Smaller neighbours: 26 places smaller than Covington sit within 50 miles.
• Within 100 miles: 30 places are larger than Covington.

What is available to Covington borrowers

At roughly 1,014 people per square mile, Covington is moderately settled; 8 larger places lie within 50 miles. Distance to a branch rarely matters for Covington's 5,545 residents: the application is online and the price follows your credit file. The nearest larger city, Lexington, VA about 30 miles away.

Virginia rules behind a Covington personal loan

Every row below records a Virginia rule, its publisher and its retrieval date — the same rules a Covington lender must follow.

The anatomy of a Covington personal loan

With roughly 5,545 residents, Covington is a small town; its personal loans are typically unsecured, priced from your credit rather than the city's size. Two numbers drive a Covington loan: the APR, which includes fees, and the term, which decides how long you keep paying. A longer term lowers the monthly payment on a Covington loan but raises total interest, so the smallest payment is not the cheapest loan.

Covington's place among Virginia's 227 places

Covington is the 59th-largest of 227 Census places in Virginia and contains about 0.2% of the state's people. On the 2020-to-2023 trend, Covington stands 214th among Virginia's 227 places — roughly the 6th percentile. Its roughly 1,014 residents per square mile place it 87th among Virginia's places. The population moved by about 202 people between 2020 and 2023, a 3.5% shift.

Where Covington sits

Covington covers about 5.5 square miles of land, with 0.20 square miles of water inside its boundaries (Census Gazetteer). That land carries about 1,014 people per square mile. The largest place in Virginia, Virginia Beach, lies about 228 miles away. A 50-mile radius around Covington takes in 8 places that are larger. The 100-mile radius contains 30 larger places.