Personal loans in Crofton, MD
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Crofton, MD.
The median household in Crofton earns $150,577 a year, 45% above the Maryland median of $103,678. About 3% of residents live below the federal poverty line, and 17.8% of households rent their home.
Maryland law that applies in Crofton
| 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 Crofton
Most Crofton applicants can finish in one sitting if they have these ready:
- 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 Crofton
What Crofton borrowers use it for
handle the unexpected the same week
Holiday expensesgifts and travel without maxing a card
Car repairskeep getting to work while the shop fixes it
Medical billspay a doctor, dentist or pharmacy bill now
Loans for your situation
How to get a personal loan in Crofton
- 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 Crofton
4 FDIC-insured bank branches from 4 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| United Bank | 1 | 2120 Baldwin Ave, Crofton 21114 |
| Wells Fargo Bank, National Association | 1 | 1623 Crofton Ctr, Crofton 21114 |
| Bank of America, National Association | 1 | 2001 Davidsonville Rd, Crofton 21114 |
| Shore United Bank, National Association | 1 | 2151 Defense Hwy, Crofton 21114 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Crofton
1 credit-union locations from 1 credit unions.
| Credit union | Location |
|---|---|
| State Employees Cu Of Maryland, Inc | 1298 Cronson Blvd, Crofton 21114 |
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 Crofton?
Possibly. Lenders in our network consider applicants with fair and bad credit across Maryland, including Crofton. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Crofton, MD?
33% APR on first $1,000 (loans to $2,000); 24% otherwise.
How fast can I get a personal loan in Crofton?
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.
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. Crofton residents can see their options in about 3 minutes.
What credit score do I need for a personal loan?
There's no single minimum. Some lenders want good credit, but many lenders in our network consider fair, poor and limited credit and weigh your income and job history too. A higher score may get you better rates and larger amounts, while lower scores may still qualify for smaller loans. Find out what's available to you in Crofton with our free 3-minute form.
How do I apply for a personal loan with bad credit in Crofton?
Start by gathering your ID, proof of income and bank account details. Then complete our online form with accurate information about your income and the amount you need. Lenders in our network review your request, and many respond within minutes. Asking for an amount that fits your income can improve your chances. If you're approved, you'll review the full terms before signing.
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 Crofton borrowers who qualify.
Can I get an emergency loan with bad credit in Crofton?
Yes, many emergency loan lenders consider borrowers with bad credit. They often put more weight on your current income and ability to repay than on past credit problems. Approval isn't guaranteed, but applying through our network lets you reach multiple lenders with a single request instead of applying again and again. Crofton residents can see if they qualify in about 3 minutes.
Do I need to visit a store in Crofton?
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.