Personal loans in Franklin Square, NY
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Franklin Square, NY.
The median household in Franklin Square earns $143,263 a year, 67% above the New York median of $85,974. About 6% of residents live below the federal poverty line, and 16.8% of households rent their home.
New York law that applies in Franklin Square
| Rate cap | A licensed lender may charge more than the 16% civil usury rate allowed to unlicensed lenders, but loans above 25% a year are criminal usury. |
|---|---|
| License required | 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. |
| Loan sizes covered | Consumer loans of $25,000 or less; business and commercial loans of $50,000 or less. |
Full rules with statute citations: Personal Loans in New York. Cities in New York cannot set their own payday or title loan rate caps in most cases; zoning rules for storefronts are local.
What you need for a personal loan in Franklin Square
Most Franklin Square applicants can finish in one sitting if they have these ready:
- Be 18 or older and a US resident
- Your Social Security number for identity verification
- A steady source of income
- An active checking account in your name
- A working phone number and email address
Popular loan amounts in Franklin Square
What Franklin Square borrowers use it for
the fastest options online
Emergencieshandle the unexpected the same week
Car repairskeep getting to work while the shop fixes it
Holiday expensesgifts and travel without maxing a card
Loans for your situation
How to get a personal loan in Franklin Square
- Choose an amount from $100 to $5,000 and complete one form.
- Lenders in our network review your request; many accept fair or bad credit.
- Compare the APR, monthly payment and total cost on any offer.
- If you accept, money is usually deposited in 1–2 business days.
Estimate your cost
Personal / installment loan calculator
Estimate only. Your rate depends on your credit, income and state; your lender shows the exact terms before you sign.
Banks and credit unions in the area
Banks with branches in Franklin Square
10 FDIC-insured bank branches from 7 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| Citibank, National Association | 2 | 670 Franklin Ave, Franklin Square 11010 |
| JPMorgan Chase Bank, National Association | 2 | 654 Franklin Ave, Franklin Square 11010 |
| TD Bank, National Association | 2 | 690 Hempstead Tpke, Franklin Square 11010 |
| Ridgewood Savings Bank | 1 | 1010 Hempstead Tpke, Franklin Square 11010 |
| Santander Bank, N.A. | 1 | 955 Hempstead Tpke, Franklin Square 11010 |
| Citizens Bank, National Association | 1 | 675 Hempstead Tpke, Franklin Square 11010 |
| Bank of America, National Association | 1 | 711 Franklin Ave, Franklin Square 11010 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Franklin Square
1 credit-union locations from 1 credit unions.
| Credit union | Location |
|---|---|
| Jovia Financial | 648 Hempstead Tpke, Franklin Square 11010 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Nassau County ·
Frequently asked questions
Can I get a personal loan with bad credit in Franklin Square?
Possibly. Lenders in our network consider applicants with fair and bad credit across New York, including Franklin Square. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Franklin Square, NY?
Licensed lenders may exceed 16% civil cap; 25% criminal usury applies.
How fast can I get a personal loan in Franklin Square?
Many online lenders give a decision within minutes and deposit funds in one to two business days after you sign. Your bank's processing time can add a day.
How do installment loans work in Franklin Square?
You apply, the lender reviews your income and credit profile, and if you're approved you receive a lump sum deposited into your bank account. You then repay it in equal scheduled payments over an agreed term, with interest built in. Your agreement shows each payment amount and date before you sign. Franklin Square residents can see installment loan offers with our free 3-minute form.
Can I get a personal loan with a 500 credit score?
It may be possible. A score around 500 limits options with traditional banks, but some online lenders consider low scores when you have steady income and an active bank account. Offers may be for smaller amounts, and approval isn't guaranteed. The quickest way to find out is to submit one request through our network and see whether lenders respond with an offer. It takes about 3 minutes.
Are personal loans bad for your credit?
Not necessarily. Checking offers often uses a soft inquiry that doesn't affect your score, though a lender may do a hard pull before final approval. Once you have the loan, on-time payments can help build your credit history, especially with lenders that report to the major bureaus, while missed payments can lower your score. Franklin Square residents can see their options in about 3 minutes.
What credit score do I need for a personal loan?
There's no single minimum. Some lenders want good credit, but many lenders in our network consider fair, poor and limited credit and weigh your income and job history too. A higher score may get you better rates and larger amounts, while lower scores may still qualify for smaller loans. Find out what's available to you in Franklin Square with our free 3-minute form.
Where can I find a loan for bad credit in Franklin Square?
You can apply at local banks and lenders in Franklin Square, or go online to reach more lenders at once. Banks often have stricter credit requirements, while many online lenders consider all credit types. Our free form sends one request to multiple lenders in our network, so you don't have to apply one by one. Many applicants get a decision within minutes.
Do I need to visit a store in Franklin Square?
No. You can request offers online from a phone or computer. Some lenders, especially title lenders, may ask you to visit a location or send photos of your vehicle.