Newburgh at a glance
- Population: 28,237 (US Census Bureau, Vintage 2023 subcounty estimate), the 29th-largest of 595 places in New York.
- 2020 Census base: the 2020 Census recorded 28,862 residents here (US Census Bureau).
- 2020 to 2023 change: a loss of about 2.2% since the 2020 count (US Census Bureau).
- Rank among New York places: the 29th-largest of 595 (US Census Bureau, 2023 estimate).
- Size percentile: about 95% of New York's Census places are smaller (US Census Bureau).
- Coordinates: mapped at 41.5032, -74.0196 by the US Census Bureau Gazetteer.
- Nearest larger cities (120-mile radius): Kiryas Joel, NY (14 mi); Poughkeepsie, NY (14 mi); Middletown, NY (21 mi); Spring Valley, NY (27 mi); Danbury, CT (29 mi) (US Census Bureau).
- Nearest smaller places: Beacon, NY (3 mi); Cornwall-on-Hudson, NY (5 mi); Nelsonville, NY (6 mi) (US Census Bureau estimates).
What a personal loan costs in Newburgh
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.
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 Newburgh
The sourced rows below are the rules a licensed lender must follow when lending in New York, and therefore in Newburgh.
| 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 Newburgh
Before you commit to a personal loan in Newburgh, 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.