Ballston Spa at a glance
- Population: 4,933 (US Census Bureau, Vintage 2023 subcounty estimate), the 170th-largest of 595 places in New York.
- 2020 Census base: the 2020 Census recorded 5,128 residents here (US Census Bureau).
- 2020 to 2023 change: about 3.8% below the 2020 Census base (US Census Bureau).
- Rank among New York places: 170th-largest of 595 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: roughly 71% of New York's places have fewer residents (US Census Bureau).
- Coordinates: latitude 43.0056, longitude -73.8545 (US Census Bureau Gazetteer).
- Nearest larger cities: Saratoga Springs, NY (6 mi); Mechanicville, NY (11 mi); Scotia, NY (13 mi); Schenectady, NY (15 mi); Amsterdam, NY (18 mi); US Census Bureau population estimates.
- Smaller places nearby: Round Lake, NY (6 mi); Galway, NY (9 mi); Stillwater, NY (12 mi), per US Census Bureau estimates.
What a personal loan costs in Ballston Spa
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.
Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.
New York lending rules that apply in Ballston Spa
The table lists the New York rules that apply to a loan made in Ballston Spa, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| Payday lending status | Illegal in New York State, in person, by telephone, or over the Internet Source says: "Payday loans are illegal in New York State." | New York State Department of Financial Services as of 2026-09-16 |
| Small-loan / installment lender licensing | Licensed Lender license required (Banking Law Article 9, sections 340-361); administered via NMLS Source says: "The Department of Financial Services uses the Nationwide Multistate Licensing System and Registry (NMLS) to manage the Licensed Lender License." | New York State Department of Financial Services as of 2026-09-16 |
| State lending regulator | New York State Department of Financial Services (DFS) Source says: "Notify the Department of Financial Services at (800) 342-3736 if you believe payday loans are being made in New York" | New York State Department of Financial Services as of 2026-09-16 |
| Criminal usury in the second degree (Penal Law 190.40) | Interest rate exceeding 25% per annum; class E felony Source says: "at a rate exceeding twenty-five per centum per annum or the equivalent rate for a longer or shorter period" | New York State Senate (Open Legislation) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 16% per annum maximum civil rate (Banking Law 14-a; General Obligations Law 5-501) Source says: "The maximum rate of interest provided for in section 5-501 of the general obligations law shall be sixteen per centum per annum." | New York State Senate (Open Legislation) as of 2026-09-16 |
How to compare offers in Ballston Spa
Run through this list before signing anything in Ballston Spa:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in New York using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.