Personal loans in New York

Consumer lending in New York is regulated by the New York State Department of Financial Services. Below are the sourced rules that affect what a lender can charge you, followed by the cities we cover.

Lending rules in New York

Payday lending	No specific payday lending statute; lenders must comply with the state's interest-rate cap on consumer loans, which effectively bars high-cost payday lending. NCSL lists this jurisdiction among those with no specific payday lending statute and/or an applicable consumer-loan rate cap.Source: National Conference of State Legislatures · as of 2023
Small-loan / installment licensing	Consumer lenders must obtain a state license (Yes; if loan is $25,000 or less (personal) or $50,000 or less (commercial) with an interest rate greater than 16%). Statutory basis: N.Y. Banking Law §§ 340 et seq.; 3 NYCRR Part 401. Licensing administered through NMLS: Yes.Source: Conference of State Bank Supervisors · as of 2026
Interest rate cap (usury limit)	Usury limit: 16% (NY CLS Gen. Oblig. §5-501(1)); 25% constitutes criminal usury (N.Y. Penal Law § 190.42). Finance rates and fees for licensed lenders: Interest rate agreed to by the parties, not to exceed 25%. CSBS 50-state survey of consumer finance laws; state-verified usury catalog.Source: Conference of State Bank Supervisors · as of 2026
Consumer lending regulator	Consumer lenders in New York are licensed and supervised by the New York State Department of Financial Services.Source: Conference of State Bank Supervisors · as of 2026
Debt collection rules	Third-party debt collectors must comply with the federal Fair Debt Collection Practices Act (FDCPA), 15 U.S.C. § 1692 et seq.; state consumer-protection and debt-collection enforcement is handled by the New York State Office of the Attorney General. The FDCPA expressly authorizes state attorneys general to enforce it (15 U.S.C. § 1692l). Some states also require collection agencies to be licensed.Source: New York State Office of the Attorney General · as of 2026
Military lending protections	The federal Military Lending Act (MLA) caps the Military Annual Percentage Rate (MAPR) at 36% for consumer credit extended to active-duty service members, their spouses and certain dependents, and bars mandatory arbitration and prepayment penalties on covered loans. Federal protection that applies nationwide, including in this state.Source: Consumer Financial Protection Bureau · as of 2024
Complaint / licensing lookup	Check whether a lender holds a state license through NMLS Consumer Access (nmlsconsumeraccess.org) or the New York State Department of Financial Services; consumers can file complaints with the New York State Department of Financial Services or the CFPB at consumerfinance.gov/complaint.Source: Nationwide Multistate Licensing System (NMLS) Consumer Access · as of 2026

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Cities in New York

New York Brooklyn Queens Manhattan Bronx Buffalo Rochester Albany Staten Island Poughkeepsie Syracuse Yonkers Binghamton Utica New Rochelle Mount Vernon Schenectady Saratoga Springs Brentwood Glens Falls Elmira White Plains Levittown Troy Niagara Falls Freeport West Babylon Hicksville Coram Valley Stream East Meadow Elmont Central Islip Commack Long Beach New City Huntington Station Baldwin Spring Valley Uniondale Kiryas Joel Franklin Square Rome Centereach Ithaca Bay Shore Port Chester Oceanside North Tonawanda Middletown Jamestown Harrison Glen Cove Shirley West Islip Monsey Lindenhurst Holbrook Auburn Deer Park Plainview Rockville Centre Peekskill Watertown Dix Hills Medford Kingston Copiague Garden City Massapequa East Patchogue North Bellmore Selden Merrick Lockport Mineola West Hempstead Lynbrook East Northport Plattsburgh Hauppauge North Amityville Lackawanna Nanuet Holtsville Syosset East Massapequa North Babylon Ronkonkoma North Massapequa Melville North Bay Shore North Valley Stream Wantagh Amsterdam Lake Ronkonkoma Scarsdale Roosevelt Cohoes Bethpage Cortland Woodmere Massapequa Park Oswego Farmingville Port Washington Bellmore Hampton Bays Pearl River Sayville Floral Park Kings Park Fort Drum New Cassel Westbury Seaford Mastic Batavia Mastic Beach Johnson City Gloversville Kenmore Depew Tonawanda North New Hyde Park Greenlawn South Farmingdale Eggertsville Jericho Jefferson Valley-Yorktown Latham St. James Olean Beacon Wyandanch Endicott Rocky Point Nesconset Ridge Oneonta Dunkirk Salisbury East Islip Geneva North Merrick Patchogue Miller Place Manorville Stony Brook Roessleville Tarrytown North Wantagh Endwell Elwood East Glenville Dobbs Ferry Fulton Suffern Woodbury North Lindenhurst De Witt Middle Island Lake Grove Great Neck Terryville Mount Sinai Mount Kisco Corning West Haverstraw Scotchtown Inwood Oneida North Bellport Myers Corner Watervliet South Huntington Fairmount New Hyde Park Chestnut Ridge Sleepy Hollow Orange Lake Ogdensburg Loudonville East Rockaway Fredonia Airmont East Setauket Rye Brook Fort Salonga Amityville Bohemia North Gates New Square Plainedge Greenville West Glens Falls Rensselaer Springs Glens Falls North Woodbury Newark Stony Brook University Bayport Port Jervis Valley Cottage Hillcrest Malverne Mahopac Hastings-on-Hudson South Lockport Farmingdale Wading River Croton-on-Hudson Hornell Johnstown North Patchogue Manhasset Port Jefferson Center Moriches Congers Lake Carmel Ilion Garden City Park Mount Ivy Mechanicstown Baldwinsville Westmere Port Jefferson Station Briarcliff Manor Williston Park Pleasantville Great Neck Plaza Hudson Falls Northport Scotia Nyack Cedarhurst Sound Beach Oakdale Hewlett Brockport East Shoreham East Hills Radisson Monticello Baywood Tappan Viola South Hill Tuckahoe Norwich Manorhaven Walden North Syracuse Lawrence Bayville Roslyn Heights South Valley Stream Solvay Irvington Bronxville Larchmont Highland Gananda West Point Flanders Binghamton University East Rochester Mattydale North Sea Wesley Hills East Aurora Harris Hill Wappingers Falls Lakeview East Farmingdale Fairview Calverton University at Buffalo Centerport Hilton Hudson Medina Salamanca Washingtonville Rochester Institute of Technology Yaphank Pelham Manor Lake Mohegan Old Bethpage Islip Terrace Hampton Manor Ballston Spa Kings Point Country Knolls Fairport North Hills New Hempstead Kaser Williamsville Albion Penn Yan Firthcliffe Blauvelt West Hills East Hampton North Mechanicville Carle Place Elmsford Westvale Northwest Harbor Wheatley Heights Grandyle Village East Moriches Sea Cliff East Quogue Albertson Saranac Lake Ardsley West Sayville West Elmira Chittenango Island Park Noyack Glen Head Blue Point Flower Hill Gang Mills Brewerton Montebello Little Falls Dansville Hawthorne Canastota Orangeburg Mattituck Old Westbury Searingtown West Bay Shore Menands Thiells Armonk Gordon Heights Thornwood Galeville Waverly Fayetteville Montauk Elmira Heights Gardnertown Springville Red Oaks Mill Ellenville Lyncourt Herricks Spackenkill University Gardens Calcium Chester Garden City South Akwesasne Heritage Hills Cayuga Heights Setauket Highland-on-the-Lake Clifton Knolls-Mill Creek Manhasset Hills Putnam Lake Village Green West Nyack South Blooming Grove Westhampton Glenwood Landing Marlboro SUNY Oswego Sloan Highland Falls South Glens Falls Elma Center Walton Park Bardonia Spencerport Whitesboro Minoa Locust Valley Port Ewen Lloyd Harbor Wynantskill Islandia Muttontown Haviland Balmville Montrose North Great River Wanakah Carthage Riverside Clarence Center Chenango Bridge Pomona

Personal loans in New York

Lending rules in New York

Calculate your loan

Cities in New York

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