Port Chester at a glance
- Population: 30,584 (US Census Bureau, Vintage 2023 subcounty estimate), the 25th-largest of 595 places in New York.
- 2020 Census base: the 2020 count put the population at 31,751 (US Census Bureau).
- 2020 to 2023 change: down roughly 3.7% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among New York places: 25th-largest of 595 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: about 96% of places in New York are smaller (US Census Bureau).
- Coordinates: 41.0047 latitude, -73.6672 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Harrison, NY (3 mi); White Plains, NY (5 mi); New Rochelle, NY (8 mi); Stamford, CT (8 mi); Mount Vernon, NY (11 mi); US Census Bureau population estimates.
- Smaller towns nearby: Rye Brook, NY (2 mi); Rye, NY (4 mi); Mamaroneck, NY (6 mi) (US Census Bureau).
What a personal loan costs in Port Chester
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
New York lending rules that apply in Port Chester
The New York rate caps and licensing rules that reach Port Chester are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Port Chester
The steps below are worth completing first when you borrow in Port Chester:
- 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.