New Hyde Park at a glance
- Population: 10,129 — 87th in New York, which has 595 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 10,303 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: down roughly 1.7% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among New York places: 87th of the state's 595 Census places (US Census Bureau).
- Size percentile: larger than about 85% of the Census places in New York (US Census Bureau).
- Coordinates: 40.7323, -73.6859 (Census Gazetteer, US Census Bureau).
- Nearest larger cities (120-mile radius): Floral Park, NY (1 mi); Garden City, NY (2 mi); Mineola, NY (3 mi); Hempstead, NY (4 mi); Valley Stream, NY (5 mi) (US Census Bureau).
- Nearest smaller towns: Stewart Manor, NY (1 mi); South Floral Park, NY (2 mi); Bellerose, NY (2 mi) — US Census Bureau populations.
What a personal loan costs in New Hyde Park
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
Because the APR includes origination and finance charges, it is the honest comparison number; the personal loan calculator turns an APR and term into a monthly payment.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
New York lending rules that apply in New Hyde Park
The table lists the New York rules that apply to a loan made in New Hyde Park, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in New Hyde Park
These steps are the ones that most affect the offer you receive in New Hyde Park:
- 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.