Personal loans in Lake Grove, NY
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Lake Grove, NY.
The median household in Lake Grove earns $118,311 a year, 38% above the New York median of $85,974. About 8% of residents live below the federal poverty line, and 22.7% of households rent their home.
New York law that applies in Lake Grove
| 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 Lake Grove
Most Lake Grove 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 Lake Grove
What Lake Grove borrowers use it for
pay a doctor, dentist or pharmacy bill now
Need money nowthe fastest options online
Moving costsdeposits, trucks and first-week expenses
Holiday expensesgifts and travel without maxing a card
Loans for your situation
How to get a personal loan in Lake Grove
- 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 Lake Grove
5 FDIC-insured bank branches from 5 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| JPMorgan Chase Bank, National Association | 1 | 2001 Nesconset-Port Jefferson Hwy., Lake Grove 11755 |
| Bank of America, National Association | 1 | 3080 Middle Country Rd, Lake Grove 11755 |
| Capital One, National Association | 1 | 2003 Smith Haven Plz, Lake Grove 11755 |
| Citibank, National Association | 1 | 131 Alexander Ave, Lake Grove 11755 |
| Wells Fargo Bank, National Association | 1 | 3178 Middle Country Rd, Lake Grove 11755 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Suffolk County
76 credit-union locations from 14 credit unions.
| Credit union | Location |
|---|---|
| Teachers | 5439 Sunrise Hwy, Holbrook 11741 |
| Medisys Employees | 80 Marcus Dr, Melville 11747 |
| Fourleaf | 591 E Main St, Bay Shore 11706 |
| Jovia Financial | 40 Veterans Memorial Hwy, Commack 11725 |
| Polish & Slavic | 314 Great Neck Rd, Copiague 11726 |
| Suffolk | 3681 Horseblock Rd, Medford 11763 |
| Island | 120 Motor Pkwy, Hauppauge 11788 |
| People'S Alliance | 125 Wireless Blvd, Hauppauge 11788 |
| Self Reliance Financial | 225 N 4Th St, Lindenhurst 11757 |
| Nassau Financial | 2263 Broadhollow Rd, Farmingdale 11735 |
| N Y Team | 4155 Veterans Memorial Hwy Ste 7, Ronkonkoma 11779 |
| Long Island Alliance | 250 Veterans Hwy, Hauppauge 11788 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Suffolk County ·
Frequently asked questions
Can I get a personal loan with bad credit in Lake Grove?
Possibly. Lenders in our network consider applicants with fair and bad credit across New York, including Lake Grove. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Lake Grove, NY?
Licensed lenders may exceed 16% civil cap; 25% criminal usury applies.
How fast can I get a personal loan in Lake Grove?
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.
What is an installment loan?
An installment loan is money you borrow and repay in fixed, scheduled payments, usually every two weeks or monthly, until it's paid off. Personal loans, auto loans and many short-term loans are installment loans. Because repayment is spread out, each payment is smaller than a lump sum. Lenders in our network offer installment loans from $100 to $5,000 to Lake Grove borrowers who qualify.
Can I get an emergency loan with bad credit in Lake Grove?
Yes, many emergency loan lenders consider borrowers with bad credit. They often put more weight on your current income and ability to repay than on past credit problems. Approval isn't guaranteed, but applying through our network lets you reach multiple lenders with a single request instead of applying again and again. Lake Grove residents can see if they qualify in about 3 minutes.
How can I get an emergency loan in Lake Grove?
Unexpected bills happen, and an online emergency loan can help you handle them quickly. Fill out our 3-minute form with your income and bank details, and lenders in our network will review your request. Many make decisions within minutes, and approved funds are often deposited by the next business day. Amounts range from $100 to $5,000, and you're never obligated to accept an offer.
Can I get a personal loan in Lake Grove with bad credit?
Yes, it's possible. Many lenders in our network work with borrowers who have fair, poor or limited credit, and they look at factors like income and employment, not just your score. Approval and rates depend on your full profile, and nothing is guaranteed, but checking your options is free. Lake Grove residents can see if they qualify for $100 to $5,000 in about 3 minutes.
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.
Do I need to visit a store in Lake Grove?
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.