Sackets Harbor at a glance
- Population: 1,364 people, the 371st-largest place among New York's 595 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 1,378 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: about 1.0% below the 2020 Census base (US Census Bureau).
- Rank among New York places: 371st of the state's 595 Census places (US Census Bureau).
- Size percentile: about 38% of places in New York are smaller (US Census Bureau).
- Coordinates: it sits at 43.9383, -76.1129 in the US Census Bureau Gazetteer.
- Nearest larger cities (120-mile radius): Adams, NY (10 mi); Watertown, NY (10 mi); Clayton, NY (21 mi); West Carthage, NY (25 mi); Carthage, NY (26 mi) (US Census Bureau).
- Nearest smaller communities: Dexter, NY (6 mi); Brownville, NY (8 mi); Glen Park, NY (9 mi) (Census populations).
What a personal loan costs in Sackets Harbor
A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.
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.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
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 Sackets Harbor
The table carries the New York rate and licensing rules that apply to consumer loans made in Sackets Harbor.
| 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 Sackets Harbor
A few practical steps will make the process in Sackets Harbor 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.