Corfu at a glance
- Population: 690 people, the 479th-largest place among New York's 595 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 count put the population at 702 (US Census Bureau).
- 2020 to 2023 change: a loss of about 1.7% since the 2020 count (US Census Bureau).
- Rank among New York places: the 479th-largest of 595 (US Census Bureau, 2023 estimate).
- Size percentile: roughly 19% of places in New York rank below it by population (US Census Bureau).
- Coordinates: 42.9612 latitude, -78.4026 longitude (US Census Bureau Gazetteer).
- Nearest larger cities within 120 miles: Akron, NY (6 mi); Alden, NY (6 mi); Attica, NY (9 mi); Oakfield, NY (10 mi); Batavia, NY (12 mi) (US Census Bureau).
- Nearest smaller places: Alexander, NY (8 mi); Elba, NY (13 mi); Wyoming, NY (19 mi) (US Census Bureau estimates).
What a personal loan costs in Corfu
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
New York lending rules that apply in Corfu
Every figure in the table below is sourced to a publisher with a date; where a state does not publish a number, we say so rather than estimate.
| 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 Corfu
A few practical steps will make the process in Corfu less costly:
- 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.