Elmsford at a glance
- Population: about 5,103, 165th by size in New York of 595 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 5,274 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: down roughly 3.2% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among New York places: 165th-largest of 595 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: roughly 72% of places in New York rank below it by population (US Census Bureau).
- Coordinates: mapped at 41.0541, -73.8143 by the US Census Bureau Gazetteer.
- Nearest larger cities (120-mile radius): Tarrytown, NY (3 mi); Irvington, NY (3 mi); White Plains, NY (4 mi); Sleepy Hollow, NY (4 mi); Dobbs Ferry, NY (4 mi) (US Census Bureau).
- Smaller towns nearby: Ardsley, NY (3 mi); Piermont, NY (5 mi); Grand View-on-Hudson, NY (6 mi) (US Census Bureau).
What a personal loan costs in Elmsford
Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.
APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.
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 payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
New York lending rules that apply in Elmsford
The New York rate caps and licensing rules that reach Elmsford are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Elmsford
Before you share your details with a lender in Elmsford:
- 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.