Cornwall-on-Hudson at a glance
- Population: 3,008 residents, the 234th-largest of 595 places in New York (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 count put the population at 3,070 (US Census Bureau).
- 2020 to 2023 change: about 2.0% below the 2020 Census base (US Census Bureau).
- Rank among New York places: 234th largest of 595 (US Census Bureau).
- Size percentile: larger than about 61% of the Census places in New York (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 41.4335, -74.0151.
- Nearest larger cities: Newburgh, NY (5 mi); Highland Falls, NY (5 mi); Beacon, NY (5 mi); Washingtonville, NY (7 mi); Woodbury, NY (9 mi), each a US Census place with its estimated population.
- Nearest smaller towns: Cold Spring, NY (3 mi); Nelsonville, NY (3 mi); Fishkill, NY (9 mi) — US Census Bureau populations.
What a personal loan costs in Cornwall-on-Hudson
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
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 Cornwall-on-Hudson
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 Cornwall-on-Hudson
Before you share your details with a lender in Cornwall-on-Hudson:
- 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.