Personal loans in Roanoke, VA
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Roanoke, VA.
The median household in Roanoke earns $55,378 a year, 41% below the Virginia median of $93,170. About 18% of residents live below the federal poverty line, and 47.6% of households rent their home. 10.8% of households have no home internet; our form works on any phone.
Virginia law that applies in Roanoke
| Rate cap | Licensed consumer finance lenders may charge a single annual interest rate of no more than 36%, computed only on the unpaid principal (no add-on or compounding). |
|---|---|
| License required | Yes. |
| Loan sizes covered | Installment loans of $300 to $35,000, with terms of 6 to 120 months, repayable in at least six substantially equal payments. |
Full rules with statute citations: Personal Loans in Virginia. Cities in Virginia 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 Roanoke
Lenders that serve Roanoke 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 Roanoke
What Roanoke borrowers use it for
pay a doctor, dentist or pharmacy bill now
Moving costsdeposits, trucks and first-week expenses
Need money nowthe fastest options online
Rent duecover a short gap before payday
Loans for your situation
How to get a personal loan in Roanoke
- 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 Roanoke
50 FDIC-insured bank branches from 16 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| Truist Bank | 8 | 4110 Brambleton Ave, Roanoke 24018 |
| Pinnacle Bank | 6 | 202 Campbell Ave Se, Roanoke 24013 |
| Atlantic Union Bank | 5 | 7337 Williamson Rd, Roanoke 24019 |
| Bank of Botetourt | 4 | 3801 Challenger Ave, Roanoke 24012 |
| HomeTrust Bank | 4 | 3956 Electric Rd, Roanoke 24018 |
| Wells Fargo Bank, National Association | 4 | 4202 Melrose Ave Nw, Roanoke 24017 |
| Carter Bank & Trust | 3 | 1722 Hershberger Rd Nw, Roanoke 24012 |
| First-Citizens Bank & Trust Company | 3 | 3862 Electric Rd, Roanoke 24018 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Roanoke
31 credit-union locations from 11 credit unions.
| Credit union | Location |
|---|---|
| Virginia | 16955 Forest Rd Ste A, Roanoke 24024 |
| Freedom First | 2221 Colonial Ave Sw, Roanoke 24015 |
| Infirst | 5005 Melrose Ave Nw, Roanoke 24017 |
| First Care | 109 Highland Ave Sw, Roanoke 24016 |
| Penair | 7635 Plantation Rd, Roanoke 24019 |
| Valleystar | 3452 Buck Mountain Rd, Roanoke 24018 |
| Beacon Credit Union, Incorporated | 3534 Electric Rd Unit 6, Roanoke 24018 |
| Blue Eagle | 2121 Electric Rd, Roanoke 24018 |
| Roanoke Valley Community | 723 5Th St Ne, Roanoke 24016 |
| Salem Va Medical Center | 2042 Electric Rd, Roanoke 24018 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Roanoke city · Payday Loans in Roanoke · Title Loans in Roanoke
Frequently asked questions
Can I get a personal loan with bad credit in Roanoke?
Possibly. Lenders in our network consider applicants with fair and bad credit across Virginia, including Roanoke. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Roanoke, VA?
36% simple annual interest on licensed $300-$35,000 installment loans.
How fast can I get a personal loan in Roanoke?
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 long does it take to get a personal loan in Roanoke?
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 Roanoke.
Where can I find a loan for bad credit in Roanoke?
You can apply at local banks and lenders in Roanoke, 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.
Can I get a personal loan in Roanoke with bad credit?
Yes, it's possible. Many lenders in our network work with borrowers who have fair, poor or limited credit, and they look at factors like income and employment, not just your score. Approval and rates depend on your full profile, and nothing is guaranteed, but checking your options is free. Roanoke residents can see if they qualify for $100 to $5,000 in about 3 minutes.
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. Roanoke residents can see their options in about 3 minutes.
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 Roanoke borrowers who qualify.
Do I need to visit a store in Roanoke?
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.