Hobart at a glance
- Population: roughly 392 people; 553rd of 595 places in New York (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 399 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: roughly 1.8% fewer residents than at the 2020 Census (US Census Bureau).
- Rank among New York places: 553rd of the state's 595 Census places (US Census Bureau).
- Size percentile: it exceeds roughly 7% of New York's Census places by population (US Census Bureau).
- Coordinates: mapped at 42.3722, -74.6685 by the US Census Bureau Gazetteer.
- Nearest larger cities: Stamford, NY (4 mi); Delhi, NY (14 mi); Margaretville, NY (16 mi); Richmondville, NY (19 mi); Milford, NY (21 mi); each population is a US Census Bureau estimate.
- Nearest smaller places: Fleischmanns, NY (16 mi); Laurens, NY (24 mi); Franklin, NY (26 mi) (US Census Bureau estimates).
What a personal loan costs in Hobart
Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.
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 Hobart
The table carries the New York rate and licensing rules that apply to consumer loans made in Hobart.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Hobart
Before you commit to a personal loan in Hobart, work through these steps:
- 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.