Personal loans in Preston, MD
Preston's population held flat through the 2020-to-2023 comparison. Two households in Preston with comparable incomes can still be offered different rates; the city's 676 residents are not the reason.
With an estimated 676 residents, Preston is the 114th-largest of 157 places in Maryland. The nearest larger city is Hurlock, MD about 6 miles away. Lenders active in Preston report to a Maryland supervisor, identified in the sourced rows below. Work out your debt-to-income ratio first; lenders weigh it heavily, and Preston's 676 residents are no exception.
Where Preston stands
Preston is a small community; the notes below cover its population profile and the statewide rules that apply.
- Population: an estimated 676 residents, 114th of 157 places in Maryland (Census Vintage 2023 subcounty estimate).
- Population trend: About level with the 2020 Census.
- Size percentile: about 27% of Maryland's Census places are smaller than Preston.
- Population density: about 1,231 people per square mile across 0.5 square miles of land (Census Gazetteer area, Vintage 2023 population).
- Land area: Preston covers 0.5 square miles, the 104th-largest area among Maryland's 157 places.
- Water area rank: Preston ranks 55th among Maryland's 157 places, with 0.01 sq mi.
- Share of state population: Preston's 676 residents are about 0.0% of Maryland.
- National rank: Preston is the 11,947th most populous of the 19,457 Census places covered here.
- Growth rank: Preston's 2020-to-2023 change ranks 73rd of 157 places in Maryland.
- Against the state trend: Preston's 0.0% change compares with a Maryland average of +0.7% across its 157 places.
- Density rank: Preston is the 112th most densely settled place in Maryland.
- Density in context: Preston's 1,231 people per square mile sit against a Maryland median of 1,734.
- Location: 38.7102 / -75.9075, per the US Census Bureau Gazetteer.
- Nearest larger cities: Hurlock (6 mi); Federalsburg (7 mi); Trappe (8 mi); Easton (10 mi); Denton (13 mi). For most borrowers the comparison happens online, not at a branch.
- Smaller communities close by: Secretary (7 mi); East New Market (8 mi); Eldorado (11 mi), each with its own Census population profile.
- Smaller places within 50 miles: 39 of them.
- At 100 miles: 302 larger Census places fall inside that radius.
How a Preston personal loan is priced
A Preston personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 676 residents. Two numbers drive a Preston loan: the APR, which includes fees, and the term, which decides how long you keep paying. Shortening the term on a Preston loan raises the monthly payment but cuts the interest; lengthening it does the reverse.
The geography behind Preston
Inside Preston's boundaries lie roughly 0.5 square miles of land and 0.01 square miles of water. The resulting density is about 1,231 people per square mile. The largest place in Maryland, Baltimore, lies about 56 miles away. Preston has 60 larger places within a 50-mile radius. By land area it ranks 104th of 157 Maryland places.
Preston against the rest of Maryland
Against Maryland's other places, Preston accounts for about 0.0% of the state's population and ranks 114th of 157 by size. On the 2020-to-2023 trend, Preston stands 73rd among Maryland's 157 places — roughly the 54th percentile. By density, at about 1,231 people per square mile, it ranks 112th in Maryland. Between 2020 and 2023 the count changed by roughly 0 residents.
The state rulebook for Preston
Every row below records a Maryland rule, its publisher and its retrieval date — the same rules a Preston lender must follow.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Office of Financial Regulation; Commissioner of Financial Regulation (Maryland Department of Labor) Source says: "is Maryland's consumer financial protection agency and financial services regulator" | Maryland Department of Labor as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer Lender license required to make loans under the Maryland Consumer Loan Law (Com. Law § 12-301 et seq.) Source says: "A Consumer Lender is a business that makes any loan or advance of money or credit under the Maryland Consumer Loan Law" | Maryland Department of Labor, Office of Financial Regulation as of 2026-09-16 |
| OFR consumer-loan interest-rate limits | 2.75%/month (33%/yr) on the first $1,000 of a loan ≤$2,000; 2%/month (24%/yr) thereafter and on loans over $2,000 Source says: "Maximum interest rate allowed by law is 2.75% per month or an annual interest rate of 33%" | Maryland Department of Labor, Office of Financial Regulation as of 2026-09-16 |
How lenders reach Preston
Preston is a moderately settled community of about 676 people, with 60 larger places inside a 50-mile radius. Distance to a branch rarely matters for Preston's 676 residents: the application is online and the price follows your credit file. For a larger market, the closest option is Hurlock, MD about 6 miles away.
Common questions
What are my options in Preston if my credit is poor?
What loan size can I expect in Preston?
Do I have to pledge anything to borrow in Preston?
Does comparing loans in Preston cost me credit score points?
Nearby places
- Hurlock, MD — population 2,085
- Secretary, MD — population 469
- East New Market, MD — population 400
- Federalsburg, MD — population 2,804
- Trappe, MD — population 1,345
- Eldorado, MD — population 46
- Easton, MD — population 17,225
- Brookview, MD — population 47