South Floral Park at a glance
- Population: 1,731 people, the 327th-largest place among New York's 595 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 1,741 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: about 0.6% below the 2020 Census base (US Census Bureau).
- Rank among New York places: 327th out of 595 Census places (US Census Bureau).
- Size percentile: about 45% of New York's Census places are smaller (US Census Bureau).
- Coordinates: it sits at 40.7135, -73.7004 in the US Census Bureau Gazetteer.
- Nearest larger cities: Floral Park, NY (1 mi); Stewart Manor, NY (1 mi); New Hyde Park, NY (2 mi); Garden City, NY (3 mi); Malverne, NY (3 mi) — straight-line distances, US Census Bureau populations.
- Smaller places nearby: Bellerose, NY (1 mi); Russell Gardens, NY (5 mi); Hewlett Bay Park, NY (5 mi), per US Census Bureau estimates.
What a personal loan costs in South Floral Park
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
New York lending rules that apply in South Floral Park
The sourced rows below are the rules a licensed lender must follow when lending in New York, and therefore in South Floral Park.
| 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 South Floral Park
Before you commit to a personal loan in South Floral Park, work through these steps:
- 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.