Sag Harbor at a glance
- Population: about 2,785 residents, ranking 250th of 595 Census places in New York (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 count put the population at 2,752 (US Census Bureau).
- 2020 to 2023 change: an increase of about 1.2% since the 2020 count (US Census Bureau).
- Rank among New York places: 250th largest of 595 (US Census Bureau).
- Size percentile: roughly 58% of places in New York rank below it by population (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 40.9943, -72.2885.
- Nearest larger cities (within 120 miles): Southampton, NY (10 mi); New London, CT (25 mi); Groton, CT (26 mi); Norwich, CT (40 mi); New Haven, CT (40 mi) (US Census Bureau populations).
- Nearest smaller towns: North Haven, NY (2 mi); Sagaponack, NY (4 mi); East Hampton, NY (6 mi) — US Census Bureau populations.
What a personal loan costs in Sag Harbor
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
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.
A lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest 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 Sag Harbor
The sourced rows below are the rules a licensed lender must follow when lending in New York, and therefore in Sag 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 Sag Harbor
A few practical steps will make the process in Sag 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.