Personal loans in Gassaway, WV

Two households in Gassaway with comparable incomes can still be offered different rates; the city's 734 residents are not the reason. From the 2020 Census base to the 2023 estimate, the population declined by about 3.3%.

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.

Gassaway is home to roughly 734 people and stands 120th by size out of 230 Census places in West Virginia. Get pre-qualified with several lenders, then compare APR rather than the headline rate for a Gassaway loan. To lend to Gassaway's 734 residents, a company must hold a West Virginia licence, and each sourced row below names the regulator behind it. The closest larger place is Sutton, WV about 3 miles away.

Gassaway: population, trend and location

Most of what governs a Gassaway loan is written in West Virginia law rather than in the city; the sourced notes below make that split concrete.

How personal loans work in Gassaway

With roughly 734 residents, Gassaway is a small community; its personal loans are typically unsecured, priced from your credit rather than the city's size. The APR tracks your credit score rather than Gassaway's rank of 120th in West Virginia: a strong file may earn a single-digit rate, while damaged credit can push the rate far higher. The term you choose in Gassaway decides the split between a comfortable payment and the total interest you pay.

Before you apply in Gassaway

Complete these steps first when you borrow in Gassaway (734 residents):

  1. Start with the credit file: order the reports, fix the errors, then apply.
  2. Run the numbers on the personal loan calculator so you know the payment before you apply.
  3. Get several pre-qualifications and compare APR side by side before choosing.
  4. Verify the lender's West Virginia licence with the regulator listed on this page.
  5. If debt is already a struggle, talk to a nonprofit credit counsellor before borrowing more.
  6. Look for an origination fee or prepayment penalty in the written disclosure.
  7. Make sure the new payment leaves room in a budget you already keep.

In Gassaway as elsewhere in West Virginia, the written terms — not the advertisement — are what count for its 734 residents.

Where Gassaway sits in West Virginia

Set beside West Virginia's 230 places, Gassaway ranks 120th by population and holds about 0.1% of the state total. On the 2020-to-2023 trend, Gassaway stands 126th among West Virginia's 230 places — roughly the 45th percentile. At about 635 people per square mile, Gassaway is the 173rd most densely settled place in West Virginia. By land area, its 1.2 square miles rank 87th of 230 places in West Virginia.

What is available to Gassaway borrowers

At roughly 635 people per square mile, Gassaway is moderately settled; 21 larger places lie within 50 miles. Lenders licensed in West Virginia reach Gassaway's 734 residents online, so the nearest branch is not what sets your APR. The nearest larger city, Sutton, WV about 3 miles away.

Which West Virginia laws govern a loan in Gassaway

Read the table as a lender's compliance picture for Gassaway: the rule, the sourced figure, the publisher and the date.

RuleDetailSource
State lending regulatorWest Virginia Division of Financial Institutions (WV DFI)
Source says: The West Virginia Division of Financial Institutions is charged with the regulation and supervision of financial institutions chartered by the State of West Virginia.
West Virginia Division of Financial Institutions (WV DFI)
as of 2026-09-16
Maximum legal interest rate (usury cap)31% per year on unsecured loans of $3,500 or less; 27% on $3,500–$15,000; 18% above $15,000 (W. Va. Code § 46A-4-107)
Source says: the loan finance charge, calculated according to the actuarial method, may not exceed 31 percent per year
West Virginia Legislature (West Virginia Code)
as of 2026-09-16
Payday lending statusTraditional payday lending is generally prohibited; check cashers are regulated under W. Va. Code ch. 32A
Source says: Traditional "Payday Lenders" are generally prohibited within this state.
West Virginia Division of Financial Institutions (WV DFI)
as of 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.

Common questions

What are my options in Gassaway 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 Gassaway is the same as anywhere in West Virginia.
What loan size can I expect in Gassaway?
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 Gassaway?
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 Gassaway 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.

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