Personal loans in Raeford, NC

Raeford is one of 549 Census places in North Carolina; its 4,544 residents put it at 164th. The 2020 count to the 2023 estimate shows about 0.3% decline in Raeford.

By the Personalloaner Editorial Team · Last updated 2026-09-16

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If you are weighing a personal loan in Raeford, start from the payment you can carry; its 4,544 residents face the same statewide rules. Rate ceilings, licensing requirements and product limits for Raeford are all set at the North Carolina level. Read the disclosure for an origination fee and any prepayment penalty before signing in Raeford. The next larger city is Hope Mills, NC about 15 miles away.

Borrowing in Raeford: the local picture

Two layers matter for a Raeford borrower: the local population picture and North Carolina's consumer-lending statutes.

Population: the Census counts 4,544 residents in Raeford (Vintage 2023 subcounty estimate), the 164th-largest figure among North Carolina's 549 places.
Population trend: The 2020-to-2023 change is negative, near 0.3%.
Net change: roughly 14 fewer people than the 2020 Census counted.
Size percentile: about 70% of North Carolina communities are smaller than Raeford (4,544 residents).
Land and density: 4.3 square miles of land carry roughly 1,061 residents per square mile.
By land area: Raeford ranks 195th among North Carolina's 549 places, at 4.3 sq mi.
Water: Raeford holds about 0.02 square miles, the 198th-largest water area in North Carolina.
State population share: Raeford accounts for about 0.1% of everyone in North Carolina.
Nationally: Raeford is the 5,101st-largest of 19,457 Census places in the dataset.
Growth in North Carolina: Raeford stands 432nd by percentage change from 2020 to 2023, among 549 places.
State comparison: North Carolina's places average +2.9% for 2020-to-2023, against Raeford's 0.3%.
Density rank: Raeford places 158th among North Carolina's places by people per square mile.
Density vs North Carolina: Raeford's 1,061 people per square mile compare with a state median of 758.
Location: 34.9813, -79.2296 (Census Gazetteer coordinates).
Nearest larger cities: Hope Mills (15 mi); Aberdeen (16 mi); Fayetteville (16 mi); Southern Pines (18 mi); Spring Lake (19 mi). Lenders licensed in the state serve Raeford whether or not they keep a local branch.
Smaller places close by: Wagram (10 mi); Lumber Bridge (11 mi); Red Springs (12 mi).
Within a 50-mile radius: 66 smaller Census places.
Larger places within 100 miles: 120.

A pre-application checklist for Raeford

Complete these steps first when you borrow in Raeford (4,544 residents):

Get all three reports, dispute anything wrong, and keep the corrected file for your applications.
Price the payment first with our personal loan calculator before any lender quotes you.
Line up several pre-qualified offers and let the APR decide.
Verify the lender's North Carolina licence with the regulator listed on this page.
Choose a term you can live with; stretching it lowers the payment but raises total interest.
Borrow only what the purpose requires, not the maximum you are offered.
Decide the purpose and how you will repay it before approaching any lender.

In Raeford as elsewhere in North Carolina, the written terms — not the advertisement — are what count for its 4,544 residents.

Which North Carolina laws govern a loan in Raeford

Every row below records a North Carolina rule, its publisher and its retrieval date — the same rules a Raeford lender must follow.

Rule	Detail	Source
State lending regulator	North Carolina Office of the Commissioner of Banks (NCCOB) Source says: "Lenders operating under the CFA must be licensed by and are subject to regulation by the NCCOB."	North Carolina Office of the Commissioner of Banks as of 2026-09-16
Consumer Finance Act installment loan rates (G.S. 53-176)	33% per annum on unpaid balance up to $4,000; 24% on $4,000-$8,000; 18% on the remainder (loans up to $12,000); 18% for loans above $12,000 Source says: "thirty-three percent (33%) per annum on that part of the unpaid principal balance not exceeding four thousand dollars ($4,000)"	North Carolina General Assembly as of 2026-09-16
Maximum legal interest rate (usury cap)	For loans of $25,000 or less: greater of the 6-month U.S. Treasury bill rate + 6% or 16% (G.S. 24-1.1(c)); any agreed rate above $25,000 Source says: "plus six percent (6%), rounded upward or downward ... or sixteen percent (16%), whichever is greater"	North Carolina General Assembly as of 2026-09-16

What a Raeford borrower is actually offered

With roughly 4,544 residents, Raeford is a small community; its personal loans are typically unsecured, priced from your credit rather than the city's size. Federal Truth in Lending rules require a Raeford lender to disclose the APR and finance charge before you sign. Because the payment is fixed, the total cost of a Raeford loan is knowable in advance — unlike a revolving card balance.

Where Raeford sits in North Carolina

Set beside North Carolina's 549 places, Raeford ranks 164th by population and holds about 0.1% of the state total. For population change between 2020 and 2023, Raeford ranks 432nd of 549 in North Carolina (about the 21th percentile). Its roughly 1,061 residents per square mile place it 158th among North Carolina's places. Within 50 miles sit 66 smaller Census places, alongside the 21 that are larger.

How lenders reach Raeford

Raeford is moderately settled, with about 1,061 people per square mile and 21 larger places within 50 miles. A North Carolina licence lets a lender serve Raeford without a local office, so branch density does not change what its 4,544 residents are offered. The nearest larger city, Hope Mills, NC about 15 miles away.

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Common questions

What are my options in Raeford if my credit is poor?

Borrowing is still possible, but expect a higher APR and a smaller approved amount. Lenders that accept lower scores hold statewide licences, so what is open to you in Raeford is the same as anywhere in North Carolina.

What loan size can I expect in Raeford?

Most personal loans sit somewhere between $1,000 and $50,000, though the figure you are approved for turns on the lender, your income and your credit. Model the monthly payment first with our personal loan calculator.

Do I have to pledge anything to borrow in Raeford?

For an unsecured personal loan, no — there is nothing to pledge. A secured loan, such as home equity or one secured by a vehicle, does require collateral, and default puts that asset at risk.

Does comparing loans in Raeford cost me credit score points?

Not during pre-qualification, which normally uses a soft pull and leaves your score alone. Submitting a full application triggers a hard inquiry, which can trim a few points briefly.

Nearby places

Wagram, NC — population 609
Red Springs, NC — population 3,142
Lumber Bridge, NC — population 82
Rennert, NC — population 280
Parkton, NC — population 501
Aberdeen, NC — population 9,488
Hope Mills, NC — population 17,973
Pinebluff, NC — population 1,536