Gloversville at a glance
- Population: the Census estimates 14,843 residents, ranking 63rd of 595 places in New York (Vintage 2023).
- 2020 Census base: 15,138 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: population fell about 1.9% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among New York places: 63rd-largest of 595 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: about 89% of New York's Census places are smaller (US Census Bureau).
- Coordinates: latitude 43.0492, longitude -74.3458 (US Census Bureau Gazetteer).
- Nearest larger cities: Amsterdam, NY (11 mi); Schenectady, NY (27 mi); Saratoga Springs, NY (29 mi); Cohoes, NY (38 mi); Albany, NY (38 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller communities: Johnstown, NY (3 mi); Mayfield, NY (5 mi); Fonda, NY (7 mi) (Census populations).
What a personal loan costs in Gloversville
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.
A lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.
Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.
New York lending rules that apply in Gloversville
The New York rate caps and licensing rules that reach Gloversville are listed below, each with its source and retrieval date.
| 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 Gloversville
Here is a short checklist for comparing personal loans in Gloversville:
- 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.