Pelham Manor at a glance
- Population: 5,542 people, the 157th-largest place among New York's 595 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 5,751 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: down about 3.6% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among New York places: 157th by size among 595 communities (US Census Bureau).
- Size percentile: about 74% of New York's Census places are smaller (US Census Bureau).
- Coordinates: 40.8931 latitude, -73.8059 longitude (US Census Bureau Gazetteer).
- Nearest larger cities within 120 miles: Pelham, NY (1 mi); Mount Vernon, NY (2 mi); New Rochelle, NY (3 mi); Bronxville, NY (3 mi); Larchmont, NY (4 mi) (US Census Bureau).
- Nearest smaller communities: Sands Point, NY (6 mi); Port Washington North, NY (7 mi); Baxter Estates, NY (7 mi) (Census populations).
What a personal loan costs in Pelham Manor
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
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.
Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less overall.
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 Pelham Manor
The New York rate caps and licensing rules that reach Pelham Manor are listed below, each with its source and retrieval date.
| 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 Pelham Manor
A few practical steps will make the process in Pelham Manor less costly:
- 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.