Glen Cove at a glance
- Population: about 27,879, 31st by size in New York of 595 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 28,360 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: a loss of about 1.7% since the 2020 count (US Census Bureau).
- Rank among New York places: 31st by size among 595 communities (US Census Bureau).
- Size percentile: roughly 95% of New York's places have fewer residents (US Census Bureau).
- Coordinates: mapped at 40.8848, -73.6448 by the US Census Bureau Gazetteer.
- Nearest larger cities (120-mile radius): New Rochelle, NY (8 mi); Port Chester, NY (8 mi); Mount Vernon, NY (10 mi); Harrison, NY (10 mi); White Plains, NY (11 mi) (US Census Bureau).
- Smaller places nearby: Lattingtown, NY (3 mi); Sea Cliff, NY (3 mi); Sands Point, NY (4 mi), per US Census Bureau estimates.
What a personal loan costs in Glen Cove
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 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.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
New York lending rules that apply in Glen Cove
The table carries the New York rate and licensing rules that apply to consumer loans made in Glen Cove.
| 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 Glen Cove
A few practical steps will make the process in Glen Cove 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.