Ocean Beach at a glance
- Population: 168, the 589th-largest community in New York out of 595 (US Census Bureau, Vintage 2023).
- 2020 Census base: 166 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: up about 1.2% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among New York places: 589th in population of 595 places (US Census Bureau).
- Size percentile: about 1% of places in New York are smaller (US Census Bureau).
- Coordinates: 40.6463, -73.1565 (US Census Bureau Gazetteer).
- Nearest larger cities: Brightwaters, NY (7 mi); Babylon, NY (9 mi); Patchogue, NY (11 mi); Islandia, NY (11 mi); Lindenhurst, NY (12 mi); US Census Bureau population estimates.
- Nearest smaller communities: Saltaire, NY (2 mi); West Hampton Dunes, NY (25 mi); Teterboro, NJ (49 mi), each a US Census place.
What a personal loan costs in Ocean Beach
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
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 Ocean Beach
The table lists the New York rules that apply to a loan made in Ocean Beach, each with the regulator that published it.
| 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 Ocean Beach
Before you commit to a personal loan in Ocean Beach, 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.