Asbury Park at a glance
- Population: roughly 15,391 people; 61st of 323 places in New Jersey (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 15,194 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: up roughly 1.3% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among New Jersey places: the 61st-largest of 323 (US Census Bureau, 2023 estimate).
- Size percentile: about 81% of places in New Jersey are smaller (US Census Bureau).
- Coordinates: it sits at 40.2229, -74.0102 in the US Census Bureau Gazetteer.
- Nearest larger cities (within 120 miles): Long Branch, NJ (5 mi); Tinton Falls, NJ (5 mi); Point Pleasant, NJ (11 mi); Sayreville, NJ (23 mi); Perth Amboy, NJ (25 mi) (US Census Bureau populations).
- Smaller places nearby: Loch Arbour, NJ (1 mi); Interlaken, NJ (1 mi); Allenhurst, NJ (1 mi), per US Census Bureau estimates.
What a personal loan costs in Asbury Park
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.
Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.
New Jersey lending rules that apply in Asbury Park
Read the table as the compliance picture for a lender serving Asbury Park: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| Criminal usury limits | 30% for non-corporate borrowers; 50% for corporations Source says: "the criminal usury limitation is 50 percent for corporations and 30 percent for non-corporate borrowers" | New Jersey Department of Banking and Insurance as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | Civil usury: rates above 6% (agreement not in writing) or above 16% (written contract specifying the rate) Source says: "the civil usury rate is any interest rate greater than 6 percent for an agreement that is not in writing" | New Jersey Department of Banking and Insurance as of 2026-09-16 |
| Payday lending status | Unlicensed payday lending violates New Jersey's civil and criminal usury rates; payday lenders must be licensed Source says: "out-of-state or foreign entities that have not obtained the required New Jersey license and whose payment terms violate New Jersey's civil and criminal usury rates" | New Jersey Department of Banking and Insurance as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer lender license required for loans of $50,000 or less for personal, family, or household purposes (N.J.S.A. 17:11C-1 et seq.) Source says: "A consumer lender license is required for the making of a loan that is to be used primarily for personal, family or household purposes" | New Jersey Department of Banking and Insurance as of 2026-09-16 |
| State lending regulator | New Jersey Department of Banking and Insurance (DOBI); Office of Consumer Finance supervises consumer lenders Source says: "The Office of Consumer Finance regulates 16 types of businesses that provide a variety of consumer financial services." | New Jersey Department of Banking and Insurance as of 2026-09-16 |
How to compare offers in Asbury Park
The order below is a sensible way to approach a loan in Asbury Park:
- 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 Jersey using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.