Sherrill at a glance
- Population: 2,992 — 236th in New York, which has 595 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 3,076 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: a loss of about 2.7% since the 2020 count (US Census Bureau).
- Rank among New York places: 236th by size among 595 communities (US Census Bureau).
- Size percentile: it is larger than about 60% of the places in New York (US Census Bureau).
- Coordinates: 43.0704 latitude, -75.5992 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Oneida, NY (4 mi); Canastota, NY (8 mi); Rome, NY (12 mi); Chittenango, NY (14 mi); New York Mills, NY (16 mi), each a US Census place with its estimated population.
- Nearest smaller communities: Oneida Castle, NY (2 mi); Vernon, NY (3 mi); Wampsville, NY (6 mi) (Census populations).
What a personal loan costs in Sherrill
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
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.
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 Sherrill
Read the table as the compliance picture for a lender serving Sherrill: label, sourced figure, publisher and 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 Sherrill
The order below is a sensible way to approach a loan in Sherrill:
- 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.