South Glens Falls at a glance
- Population: 3,717 people, the 204th-largest place among New York's 595 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 3,741 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: down about 0.6% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among New York places: 204th of the state's 595 Census places (US Census Bureau).
- Size percentile: about 66% of places in New York are smaller (US Census Bureau).
- Coordinates: 43.2944 latitude, -73.6336 longitude (US Census Bureau Gazetteer).
- Nearest larger cities within 120 miles: Glens Falls, NY (1 mi); Hudson Falls, NY (3 mi); Saratoga Springs, NY (17 mi); Ballston Spa, NY (23 mi); Mechanicville, NY (27 mi) (US Census Bureau).
- Nearest smaller communities: Fort Edward, NY (3 mi); Argyle, NY (8 mi); Lake George, NY (10 mi) (Census populations).
What a personal loan costs in South Glens Falls
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.
New York lending rules that apply in South Glens Falls
The table lists the New York rules that apply to a loan made in South Glens Falls, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in South Glens Falls
A few practical steps will make the process in South Glens Falls 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.