Canandaigua at a glance
- Population: roughly 10,480 people; 84th of 595 places in New York (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 10,570 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: down roughly 0.9% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among New York places: 84th of the state's 595 Census places (US Census Bureau).
- Size percentile: roughly 86% of New York's places have fewer residents (US Census Bureau).
- Coordinates: 42.8890 latitude, -77.2803 longitude (US Census Bureau Gazetteer).
- Nearest larger cities (within 120 miles): Geneva, NY (15 mi); Rochester, NY (26 mi); Auburn, NY (36 mi); Batavia, NY (46 mi); Ithaca, NY (50 mi) (US Census Bureau populations).
- Nearest smaller communities: Shortsville, NY (5 mi); Manchester, NY (6 mi); Bloomfield, NY (7 mi) (Census populations).
What a personal loan costs in Canandaigua
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
A useful rule is to keep the new payment inside the room your budget already has, so the loan eases pressure instead of adding to it.
New York lending rules that apply in Canandaigua
The New York rate caps and licensing rules that reach Canandaigua are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Canandaigua
The order below is a sensible way to approach a loan in Canandaigua:
- 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.