Loans in New York: payday, personal & title loan laws (2026)

In New York, payday loans are not allowed, car title loans are not allowed, and personal installment loans are available from licensed lenders. Below are the verified rules, local lenders and credit unions for all 62 counties and 201 cities with 10,000+ residents.

Request a personal loan in New York

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1 Choose an amount and fill out the form
2 Get matched with a lender in our network
3 Review your offer and get funded, often next business day

Tip: apply on a weekday morning for the best chance of funding by the next business day.

No hard credit inquiry on our end; lenders may check your credit. Not a lender; approval, amount and terms come from the lender. Example: $1,000 over 12 months at 35.99% APR ≈ $100.46/month.

Payday Loans Not available

Payday loans are illegal in New York under both civil and criminal usury laws.

Personal Loans

Licensed lenders may exceed 16% civil cap; 25% criminal usury applies.

Title Loans Not available

New York has no title-lending law.

New York at a glance

19,852,366

Residents

$85,974

Median household income

4,007

FDIC bank branches

1,097

Credit-union branches

Counties in New York

Albany County Allegany County Bronx County Broome County Cattaraugus County Cayuga County Chautauqua County Chemung County Chenango County Clinton County Columbia County Cortland County Delaware County Dutchess County Erie County Essex County Franklin County Fulton County Genesee County Greene County Hamilton County Herkimer County Jefferson County Kings County Lewis County Livingston County Madison County Monroe County Montgomery County Nassau County New York County Niagara County Oneida County Onondaga County Ontario County Orange County Orleans County Oswego County Otsego County Putnam County Queens County Rensselaer County Richmond County Rockland County Saratoga County Schenectady County Schoharie County Schuyler County Seneca County St. Lawrence County Steuben County Suffolk County Sullivan County Tioga County Tompkins County Ulster County Warren County Washington County Wayne County Westchester County Wyoming County Yates County

Cities in New York

New York Buffalo Yonkers Rochester Syracuse Albany New Rochelle Cheektowaga Mount Vernon Schenectady Utica White Plains Hempstead Tonawanda Town Levittown Troy Irondequoit Niagara Falls Binghamton West Seneca Freeport Hicksville West Babylon Valley Stream Coram Kiryas Joel Central Islip Brighton East Meadow Commack Elmont Baldwin Long Beach New City Spring Valley Uniondale Ithaca Huntington Station Poughkeepsie Centereach Rome Bay Shore Oceanside Port Chester Franklin Square Middletown North Tonawanda Harrison Saratoga Springs Newburgh Shirley Jamestown Monsey Glen Cove Deer Park Lindenhurst Ossining West Islip Holbrook Auburn Elmira Plainview Rockville Centre Peekskill Medford Dix Hills Smithtown Watertown Kingston Copiague Garden City Rotterdam Merrick East Patchogue Selden Massapequa Niskayuna Mineola North Amityville Hauppauge North Bellmore West Hempstead Lockport Eastchester East Massapequa Lynbrook North Bay Shore Huntington Plattsburgh Mamaroneck Nanuet Lackawanna Melville East Northport Holtsville Roosevelt Ronkonkoma Syosset Wantagh Lake Ronkonkoma Amsterdam Cohoes Woodmere Scarsdale Port Washington North Babylon North Massapequa North Valley Stream Cortland Islip Bethpage Oswego Massapequa Park Mastic Beach Kings Park Rye Floral Park Farmingville Pearl River Fort Drum Bellmore Westbury Mastic Hampton Bays Seaford Sayville Greenlawn Batavia Oneonta Kenmore Tonawanda Depew Gloversville Johnson City Riverhead Eggertsville Beacon South Farmingdale Glens Falls New Cassel Manorville North New Hyde Park Jefferson Valley-Yorktown Greece Nesconset Latham Jericho Olean East Islip Endicott Rocky Point St. James Stony Brook Stony Point Dunkirk Geneva Ridge Salisbury Patchogue North Merrick Haverstraw Inwood Babylon North Wantagh East Glenville Tarrytown Elwood Miller Place Endwell Dobbs Ferry Suffern Woodbury Fulton Mount Sinai Great Neck North Bellport Lake Grove De Witt Middle Island Roessleville North Lindenhurst Sleepy Hollow Myers Corner Terryville Mount Kisco West Haverstraw Corning Chestnut Ridge Loudonville Canandaigua Watervliet Scotchtown Massena New Hyde Park Airmont Fort Salonga Oneida East Setauket Lancaster East Rockaway West Glens Falls

Frequently asked questions

Are payday loans legal in New York?

Payday loans are illegal in New York under both civil and criminal usury laws. Loans above the limits made by non-bank lenders are void and unenforceable, and DFS has told debt collectors it is illegal to try to collect payday loan debts.

How much do payday loans cost in New York?

Civil usury cap of 16% a year (loans under $250,000 by non-bank lenders and state-chartered banks); above 25% a year is criminal usury.

Are title loans legal in New York?

New York has no title-lending law. Car-secured loans are subject to the same 16% civil and 25% criminal usury limits, so triple-digit title loans are illegal.

What interest can title lenders charge in New York?

16% civil usury; 25% criminal usury.

Is there a cap on personal loan interest rates in New York?

Licensed lenders may exceed 16% civil cap; 25% criminal usury applies.

Do personal loan lenders need a license in New York?

A license is needed to be in the business of making personal, family, household or investment loans of $25,000 or less (or business loans of $50,000 or less) at a rate above what an unlicensed lender may charge.