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Personal loans in Philmont, NY

In Philmont, a personal loan gives you a lump sum repaid over a set term, with the lender setting your APR from your credit, income and debts. Census estimates count about 1,483 residents in Philmont, making it the 359th-largest of 595 places in New York. Lenders in New York work under state rate caps and licensing rules, each listed with its publisher in the table below.

By the Personalloaned Editorial Team · Last updated 2026-09-16

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Philmont at a glance

  • Population: the Census estimates 1,483 residents, ranking 359th of 595 places in New York (Vintage 2023).
  • 2020 Census base: 1,520 people counted in the 2020 Census (US Census Bureau).
  • 2020 to 2023 change: about 2.4% below the 2020 Census base (US Census Bureau).
  • Rank among New York places: 359th in population of 595 places (US Census Bureau).
  • Size percentile: about 40% of places in New York are smaller (US Census Bureau).
  • Coordinates: latitude 42.2490, longitude -73.6469 (US Census Bureau Gazetteer).
  • Nearest larger cities: Hudson, NY (7 mi); Chatham, NY (8 mi); Athens, NY (9 mi); Catskill, NY (11 mi); Coxsackie, NY (11 mi); US Census Bureau population estimates.
  • Smaller places close by: Kinderhook, NY (10 mi); Nassau, NY (18 mi); Tivoli, NY (19 mi) (US Census Bureau).

What a personal loan costs in Philmont

A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.

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.

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.

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 Philmont

The sourced rows below are the rules a licensed lender must follow when lending in New York, and therefore in Philmont.

RuleDetailSource
Small-loan / installment lender licensingLicensed 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 regulatorNew 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
Payday lending statusIllegal 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

How to compare offers in Philmont

These steps are the ones that most affect the offer you receive in Philmont:

  1. Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
  2. Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
  3. Pre-qualify with at least three lenders and compare the APR, not the interest rate.
  4. Check that the lender is licensed in New York using the regulator named above.
  5. Read the disclosure for origination fees and any prepayment penalty before you sign.

Common questions

Frequently asked questions

Can I get a personal loan with bad credit in Philmont?
Yes, but expect a higher APR and possibly a smaller amount. Lenders that serve borrowers with lower scores are licensed statewide, so your options in Philmont are the same as elsewhere in New York.
How much can I borrow with a personal loan in Philmont?
Loan amounts are set by each lender and depend on your income, credit and existing debts, so we do not quote a range we cannot source. The Consumer Financial Protection Bureau explains how lenders assess an application, and our personal loan calculator will model the payment for any amount before you apply.
Does a personal loan in Philmont require collateral?
Unsecured personal loans do not require collateral. A secured loan, such as a home-equity or auto-secured loan, does — and it puts the pledged asset at risk if you default.
Will shopping for a loan in Philmont hurt my credit?
Pre-qualification usually uses a soft credit pull that does not affect your score. A full application triggers a hard inquiry, which may lower your score by a few points temporarily.

Nearby places

Where these figures come from

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