Personal loans in Towson, MD
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Towson, MD.
The median household in Towson earns $101,320 a year, about the same as the Maryland median of $103,678. About 12% of residents live below the federal poverty line, and 44.4% of households rent their home.
Maryland law that applies in Towson
| 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 Towson
Here's what to have on hand before you start your personal loan request in Towson:
- 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 Towson
What Towson borrowers use it for
cover a short gap before payday
Medical billspay a doctor, dentist or pharmacy bill now
Emergencieshandle the unexpected the same week
Moving costsdeposits, trucks and first-week expenses
Loans for your situation
How to get a personal loan in Towson
- 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 Towson
14 FDIC-insured bank branches from 9 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| Manufacturers and Traders Trust Company | 4 | 405 Washington Ave, Towson 21204 |
| Truist Bank | 2 | 627 York Rd, Towson 21204 |
| PNC Bank, National Association | 2 | 409 Washington Ave, Towson 21204 |
| Wells Fargo Bank, National Association | 1 | 989 Fairmount Ave, Towson 21204 |
| Atlantic Union Bank | 1 | 502 Washington Ave, Towson 21204 |
| First National Bank of Pennsylvania | 1 | 1 W Pennsylvania Ave, Towson 21204 |
| JPMorgan Chase Bank, National Association | 1 | 800 York Rd, Towson 21204 |
| Firstrust Savings Bank | 1 | 32 W Pennsylvania Ave, Towson 21204 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Towson
3 credit-union locations from 3 credit unions.
| Credit union | Location |
|---|---|
| State Employees Cu Of Maryland, Inc | 8603 La Salle Rd, Towson 21286 |
| First Financial Of Maryland | 7601 Osler Dr, Towson 21204 |
| Peake | 23 W Susquehanna Ave, Towson 21204 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Baltimore County ·
Frequently asked questions
Can I get a personal loan with bad credit in Towson?
Possibly. Lenders in our network consider applicants with fair and bad credit across Maryland, including Towson. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Towson, MD?
33% APR on first $1,000 (loans to $2,000); 24% otherwise.
How fast can I get a personal loan in Towson?
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 Towson borrowers who qualify.
How long does it take to get a personal loan in Towson?
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 Towson.
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.
Where can I find a loan for bad credit in Towson?
You can apply at local banks and lenders in Towson, 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.
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 Towson with our free 3-minute form.
Do I need to visit a store in Towson?
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.