Orchard Park at a glance
- Population: a Census-estimated 3,041, placing it 232nd among New York's 595 places (Vintage 2023 subcounty estimate).
- 2020 Census base: 3,096 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: about 1.8% below the 2020 Census base (US Census Bureau).
- Rank among New York places: 232nd by size among 595 communities (US Census Bureau).
- Size percentile: it is larger than about 61% of the places in New York (US Census Bureau).
- Coordinates: mapped at 42.7622, -78.7414 by the US Census Bureau Gazetteer.
- Nearest larger cities: Hamburg, NY (5 mi); Lackawanna, NY (6 mi); East Aurora, NY (6 mi); Sloan, NY (9 mi); Lancaster, NY (10 mi) (Census populations, approximate straight-line distance).
- Nearest smaller communities: Blasdell, NY (5 mi); North Collins, NY (15 mi); Alden, NY (16 mi) (Census populations).
What a personal loan costs in Orchard Park
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.
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 Orchard Park
The table lists the New York rules that apply to a loan made in Orchard Park, 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 Orchard Park
The steps below are worth completing first when you borrow in Orchard 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.