Personal loans in Hagerstown, MD
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Hagerstown, MD.
The median household in Hagerstown earns $52,221 a year, 50% below the Maryland median of $103,678. About 22% of residents live below the federal poverty line, and 56.7% of households rent their home. 10.8% of households have no home internet; our form works on any phone.
Maryland law that applies in Hagerstown
| 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 Hagerstown
Here's what to have on hand before you start your personal loan request in Hagerstown:
- 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 Hagerstown
What Hagerstown borrowers use it for
deposits, trucks and first-week expenses
Holiday expensesgifts and travel without maxing a card
Need money nowthe fastest options online
Medical billspay a doctor, dentist or pharmacy bill now
Loans for your situation
How to get a personal loan in Hagerstown
- 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 Hagerstown
30 FDIC-insured bank branches from 12 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| Manufacturers and Traders Trust Company | 5 | 930 Dual Hwy, Hagerstown 21740 |
| Fulton Bank, National Association | 4 | 830 W Franklin St, Hagerstown 21740 |
| Truist Bank | 4 | 1326 Salem Ave, Hagerstown 21740 |
| PNC Bank, National Association | 3 | 17708 Virginia Ave, Hagerstown 21740 |
| First United Bank & Trust | 3 | 130 S Edgewood Dr, Hagerstown 21740 |
| CNB Bank, Inc. | 3 | 1625 Dual Hwy, Hagerstown 21740 |
| United Bank | 2 | 1219 Mount Aetna Rd, Hagerstown 21742 |
| Middletown Valley Bank | 2 | 180 Eastern Blvd N, Hagerstown 21740 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Hagerstown
13 credit-union locations from 7 credit unions.
| Credit union | Location |
|---|---|
| Vantage Point | 18450 Showalter Rd Ste 113, Hagerstown 21742 |
| State Employees Cu Of Maryland, Inc | 17239 Cole Rd, Hagerstown 21740 |
| Patriot | 18721 Longmeadow Rd, Hagerstown 21742 |
| Ardent | 18450 Showalter Rd, Hagerstown 21742 |
| Bull Dog | 580 Northern Ave, Hagerstown 21742 |
| Washington County Teachers | 19638 Leitersburg Pike, Hagerstown 21742 |
| Government Printing Office | 18450 Showalter Rd Ste 101, Hagerstown 21742 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Washington County ·
Frequently asked questions
Can I get a personal loan with bad credit in Hagerstown?
Possibly. Lenders in our network consider applicants with fair and bad credit across Maryland, including Hagerstown. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Hagerstown, MD?
33% APR on first $1,000 (loans to $2,000); 24% otherwise.
How fast can I get a personal loan in Hagerstown?
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.
How can I get an emergency loan in Hagerstown?
Unexpected bills happen, and an online emergency loan can help you handle them quickly. Fill out our 3-minute form with your income and bank details, and lenders in our network will review your request. Many make decisions within minutes, and approved funds are often deposited by the next business day. Amounts range from $100 to $5,000, and you're never obligated to accept an offer.
Can I get an emergency loan with bad credit in Hagerstown?
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. Hagerstown residents can see if they qualify in about 3 minutes.
Where can I find a loan for bad credit in Hagerstown?
You can apply at local banks and lenders in Hagerstown, or go online to reach more lenders at once. Banks often have stricter credit requirements, while many online lenders consider all credit types. Our free form sends one request to multiple lenders in our network, so you don't have to apply one by one. Many applicants get a decision within minutes.
How do installment loans work in Hagerstown?
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. Hagerstown 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.
Do I need to visit a store in Hagerstown?
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.