Malone at a glance
- Population: 5,400, the 161st-largest community in New York out of 595 (US Census Bureau, Vintage 2023).
- 2020 Census base: 5,482 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: down about 1.5% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among New York places: 161st by size among 595 communities (US Census Bureau).
- Size percentile: larger than about 73% of the Census places in New York (US Census Bureau).
- Coordinates: 44.8482 / -74.2896, per the US Census Bureau Gazetteer.
- Nearest larger cities (within 120 miles): Massena, NY (30 mi); Potsdam, NY (36 mi); Plattsburgh, NY (42 mi); Canton, NY (46 mi); Burlington, VT (57 mi) (US Census Bureau populations).
- Smaller places close by: Burke, NY (7 mi); Brushton, NY (11 mi); Chateaugay, NY (12 mi) (US Census Bureau).
What a personal loan costs in Malone
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
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.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
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 Malone
Where a figure is not published by the state, the row points to the source instead of guessing.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Malone
The steps below are worth completing first when you borrow in Malone:
- 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.