Fabius at a glance
- Population: 326 (US Census Bureau, Vintage 2023 subcounty estimate), the 561st-largest of 595 places in New York.
- 2020 Census base: 334 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: down roughly 2.4% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among New York places: 561st of 595 by population (US Census Bureau, Vintage 2023).
- Size percentile: it exceeds roughly 6% of New York's Census places by population (US Census Bureau).
- Coordinates: 42.8347 latitude, -75.9848 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Tully, NY (7 mi); DeRuyter, NY (7 mi); Cazenovia, NY (9 mi); Manlius, NY (12 mi); Fayetteville, NY (14 mi); US Census Bureau population estimates.
- Smaller towns nearby: Smyrna, NY (23 mi); Madison, NY (24 mi); Meridian, NY (36 mi) (US Census Bureau).
What a personal loan costs in Fabius
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
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.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.
New York lending rules that apply in Fabius
The table lists the New York rules that apply to a loan made in Fabius, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Fabius
These steps are the ones that most affect the offer you receive in Fabius:
- 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.