Personal loans in Laurel, MD
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Laurel, MD.
The median household in Laurel earns $100,504 a year, about the same as the Maryland median of $103,678. About 9% of residents live below the federal poverty line, and 55.8% of households rent their home.
Maryland law that applies in Laurel
| 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 Laurel
Lenders that serve Laurel typically ask for the following:
- 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 Laurel
What Laurel borrowers use it for
pay a doctor, dentist or pharmacy bill now
Rent duecover a short gap before payday
Car repairskeep getting to work while the shop fixes it
Emergencieshandle the unexpected the same week
Loans for your situation
How to get a personal loan in Laurel
- 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 Laurel
15 FDIC-insured bank branches from 10 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| PNC Bank, National Association | 3 | 390 Main St, Laurel 20707 |
| Atlantic Union Bank | 3 | 14404 Baltimore Ave, Laurel 20707 |
| Truist Bank | 2 | 14070 Baltimore Ave, Laurel 20707 |
| Bank of America, National Association | 1 | 344 Montrose Ave, Laurel 20707 |
| Manufacturers and Traders Trust Company | 1 | 207 Bowie Rd, Laurel 20707 |
| Wells Fargo Bank, National Association | 1 | 14817 Baltimore Ave, Laurel 20707 |
| Citibank, National Association | 1 | 14405 Laurel Pl, Laurel 20707 |
| TD Bank, National Association | 1 | 14401 Baltimore Ave, Laurel 20707 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Laurel
9 credit-union locations from 5 credit unions.
| Credit union | Location |
|---|---|
| Navy Federal Credit Union | 14700 Baltimore Ave, Laurel 20707 |
| Tower | 7901 Sandy Spring Rd, Laurel 20707 |
| Apl | 11050 Johns Hopkins Rd, Laurel 20723 |
| Market Usa | 8871 Gorman Rd, Laurel 20723 |
| W S S C | 14501 Sweitzer Ln, Laurel 20707 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Prince George's County ·
Frequently asked questions
Can I get a personal loan with bad credit in Laurel?
Possibly. Lenders in our network consider applicants with fair and bad credit across Maryland, including Laurel. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Laurel, MD?
33% APR on first $1,000 (loans to $2,000); 24% otherwise.
How fast can I get a personal loan in Laurel?
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 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 Laurel with our free 3-minute form.
How long does it take to get a personal loan in Laurel?
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 Laurel.
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.
Can I get an emergency loan with bad credit in Laurel?
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. Laurel residents can see if they qualify in about 3 minutes.
Where can I find a loan for bad credit in Laurel?
You can apply at local banks and lenders in Laurel, 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.
Do I need to visit a store in Laurel?
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.