Personal loans in Annapolis, MD
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Annapolis, MD.
The median household in Annapolis earns $113,860 a year, 10% above the Maryland median of $103,678. About 8% of residents live below the federal poverty line, and 38.0% of households rent their home.
Maryland law that applies in Annapolis
| Rate cap | Interest on loans of $2,000 or less is capped at 2.75% a month (33% a year) on the first $1,000 and 2% a month (24% a year) on the rest; loans over $2,000 are capped at 2% a month (24% a year) on the whole loan. |
|---|---|
| License required | Most consumer lenders must be licensed by the Commissioner of Financial Regulation; licenses can be checked on NMLS Consumer Access. |
| Loan sizes covered | The rate limits apply to anyone lending $25,000 or less (subject to certain exceptions). |
Full rules with statute citations: Personal Loans in Maryland. Cities in Maryland cannot set their own payday or title loan rate caps in most cases; zoning rules for storefronts are local.
What you need for a personal loan in Annapolis
Here's what to have on hand before you start your personal loan request in Annapolis:
- Be 18 or older and a US resident
- Your Social Security number for identity verification
- A steady source of income
- An active checking account in your name
- A working phone number and email address
Popular loan amounts in Annapolis
What Annapolis borrowers use it for
deposits, trucks and first-week expenses
Emergencieshandle the unexpected the same week
Holiday expensesgifts and travel without maxing a card
Medical billspay a doctor, dentist or pharmacy bill now
Loans for your situation
How to get a personal loan in Annapolis
- Choose an amount from $100 to $5,000 and complete one form.
- Lenders in our network review your request; many accept fair or bad credit.
- Compare the APR, monthly payment and total cost on any offer.
- If you accept, money is usually deposited in 1–2 business days.
Estimate your cost
Personal / installment loan calculator
Estimate only. Your rate depends on your credit, income and state; your lender shows the exact terms before you sign.
Banks and credit unions in the area
Banks with branches in Annapolis
27 FDIC-insured bank branches from 19 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| Truist Bank | 4 | 5 Church Cir, Annapolis 21401 |
| Manufacturers and Traders Trust Company | 3 | 2027 Somerville Rd, Annapolis 21401 |
| Bank of America, National Association | 2 | 2200 Forest Dr, Annapolis 21401 |
| Wells Fargo Bank, National Association | 2 | 171 Jennifer Rd, Annapolis 21401 |
| JPMorgan Chase Bank, National Association | 2 | 2307 Forest Dr, Annapolis 21401 |
| First National Bank of Pennsylvania | 1 | 1000 Bestgate Rd, Annapolis 21401 |
| Atlantic Union Bank | 1 | 166 Jennifer Rd, Annapolis 21401 |
| Arundel Bank | 1 | 2661 Riva Rd, Annapolis 21401 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Annapolis
8 credit-union locations from 5 credit unions.
| Credit union | Location |
|---|---|
| Navy Federal Credit Union | 825 Bestgate Rd, Annapolis 21401 |
| State Employees Cu Of Maryland, Inc | 115 West St, Annapolis 21401 |
| Nasa | 2452 Solomons Island Rd, Annapolis 21401 |
| Tower | 810 Bestgate Rd, Annapolis 21401 |
| Educational Systems | 2625 Riva Rd Ste C, Annapolis 21401 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Anne Arundel County ·
Frequently asked questions
Can I get a personal loan with bad credit in Annapolis?
Possibly. Lenders in our network consider applicants with fair and bad credit across Maryland, including Annapolis. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Annapolis, MD?
33% APR on first $1,000 (loans to $2,000); 24% otherwise.
How fast can I get a personal loan in Annapolis?
Many online lenders give a decision within minutes and deposit funds in one to two business days after you sign. Your bank's processing time can add a day.
What is an installment loan?
An installment loan is money you borrow and repay in fixed, scheduled payments, usually every two weeks or monthly, until it's paid off. Personal loans, auto loans and many short-term loans are installment loans. Because repayment is spread out, each payment is smaller than a lump sum. Lenders in our network offer installment loans from $100 to $5,000 to Annapolis borrowers who qualify.
Are personal loans bad for your credit?
Not necessarily. Checking offers often uses a soft inquiry that doesn't affect your score, though a lender may do a hard pull before final approval. Once you have the loan, on-time payments can help build your credit history, especially with lenders that report to the major bureaus, while missed payments can lower your score. Annapolis residents can see their options in about 3 minutes.
How do installment loans work in Annapolis?
You apply, the lender reviews your income and credit profile, and if you're approved you receive a lump sum deposited into your bank account. You then repay it in equal scheduled payments over an agreed term, with interest built in. Your agreement shows each payment amount and date before you sign. Annapolis residents can see installment loan offers with our free 3-minute form.
Can I get a personal loan with a 500 credit score?
It may be possible. A score around 500 limits options with traditional banks, but some online lenders consider low scores when you have steady income and an active bank account. Offers may be for smaller amounts, and approval isn't guaranteed. The quickest way to find out is to submit one request through our network and see whether lenders respond with an offer. It takes about 3 minutes.
How long does it take to get a personal loan in Annapolis?
With online lenders, the process is usually fast. Our form takes about 3 minutes, many lenders make a decision within minutes, and approved funds are often deposited by the next business day. Some lenders may ask for documents such as pay stubs, which can add a little time. Having your information ready before you start helps you get money sooner in Annapolis.
Do I need to visit a store in Annapolis?
No. You can request offers online from a phone or computer. Some lenders, especially title lenders, may ask you to visit a location or send photos of your vehicle.