Personal loans in Yonkers, NY
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Yonkers, NY.
The median household in Yonkers earns $83,549 a year, about the same as the New York median of $85,974. About 14% of residents live below the federal poverty line, and 53.8% of households rent their home.
New York law that applies in Yonkers
| 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 Yonkers
Here's what to have on hand before you start your personal loan request in Yonkers:
- 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 Yonkers
What Yonkers borrowers use it for
keep getting to work while the shop fixes it
Emergencieshandle the unexpected the same week
Need money nowthe fastest options online
Medical billspay a doctor, dentist or pharmacy bill now
Loans for your situation
How to get a personal loan in Yonkers
- 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 Yonkers
34 FDIC-insured bank branches from 12 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| JPMorgan Chase Bank, National Association | 7 | 410 S Broadway, Yonkers 10705 |
| Wells Fargo Bank, National Association | 5 | 12 S Broadway, Yonkers 10701 |
| Bank of America, National Association | 4 | 20 S Broadway, Yonkers 10701 |
| Flagstar Bank, National Association | 4 | 1 Manor House Sq, Yonkers 10701 |
| Santander Bank, N.A. | 4 | 61 S Broadway, Yonkers 10701 |
| Citizens Bank, National Association | 3 | 449 S Broadway, Yonkers 10705 |
| Tompkins Bank & Trust | 2 | 766 Yonkers Ave, Yonkers 10704 |
| Ridgewood Savings Bank | 1 | 670 Mclean Ave, Yonkers 10704 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Yonkers
6 credit-union locations from 5 credit unions.
| Credit union | Location |
|---|---|
| Municipal | 66 Main St, Yonkers 10701 |
| People'S Alliance | 132 Tuckahoe Rd, Yonkers 10710 |
| Suma | 125 Corporate Blvd, Yonkers 10701 |
| Yonkers Teachers | 1 Executive Blvd, Yonkers 10701 |
| Scf Westchester N. Y. Employees | 81 Main Street, Yonkers 10701 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Westchester County ·
Frequently asked questions
Can I get a personal loan with bad credit in Yonkers?
Possibly. Lenders in our network consider applicants with fair and bad credit across New York, including Yonkers. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Yonkers, NY?
Licensed lenders may exceed 16% civil cap; 25% criminal usury applies.
How fast can I get a personal loan in Yonkers?
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.
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. Yonkers 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 Yonkers with our free 3-minute form.
How do I apply for a personal loan with bad credit in Yonkers?
Start by gathering your ID, proof of income and bank account details. Then complete our online form with accurate information about your income and the amount you need. Lenders in our network review your request, and many respond within minutes. Asking for an amount that fits your income can improve your chances. If you're approved, you'll review the full terms before signing.
Can I get a personal loan in Yonkers 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. Yonkers residents can see if they qualify for $100 to $5,000 in about 3 minutes.
How long does it take to get a personal loan in Yonkers?
With online lenders, the process is usually fast. Our form takes about 3 minutes, many lenders make a decision within minutes, and approved funds are often deposited by the next business day. Some lenders may ask for documents such as pay stubs, which can add a little time. Having your information ready before you start helps you get money sooner in Yonkers.
Do I need to visit a store in Yonkers?
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.