Lansing at a glance
- Population: 3,855 residents, the 197th-largest of 595 places in New York (US Census Bureau, Vintage 2023).
- 2020 Census base: 3,678 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
- 2020 to 2023 change: population rose about 4.8% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among New York places: 197th by size among 595 communities (US Census Bureau).
- Size percentile: larger than about 67% of the Census places in New York (US Census Bureau).
- Coordinates: 42.4901 latitude, -76.4865 longitude (US Census Bureau Gazetteer).
- Nearest larger cities (within 120 miles): Cayuga Heights, NY (2 mi); Ithaca, NY (3 mi); Cortland, NY (17 mi); Horseheads, NY (28 mi); Owego, NY (29 mi) (US Census Bureau populations).
- Nearest smaller towns: Freeville, NY (7 mi); Groton, NY (9 mi); Dryden, NY (9 mi) (US Census Bureau).
What a personal loan costs in Lansing
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
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 Lansing
The table lists the New York rules that apply to a loan made in Lansing, each with the regulator that published it.
| 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 Lansing
Before you commit to a personal loan in Lansing, 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.