Asharoken at a glance
- Population: 602 people, the 496th-largest place among New York's 595 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 594 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: about 1.3% growth over the 2020 Census base (US Census Bureau).
- Rank among New York places: 496th of 595 by population (US Census Bureau, Vintage 2023).
- Size percentile: it exceeds roughly 17% of New York's Census places by population (US Census Bureau).
- Coordinates: 40.9393, -73.3851 (US Census Bureau Gazetteer).
- Nearest larger cities: Huntington Bay, NY (3 mi); Northport, NY (3 mi); Lloyd Harbor, NY (3 mi); Laurel Hollow, NY (7 mi); Oyster Bay Cove, NY (8 mi) — straight-line distances, US Census Bureau populations.
- Smaller places close by: Cove Neck, NY (7 mi); Centre Island, NY (8 mi); Saltaire, NY (23 mi) (US Census Bureau).
What a personal loan costs in Asharoken
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
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.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.
New York lending rules that apply in Asharoken
The sourced rows below are the rules a licensed lender must follow when lending in New York, and therefore in Asharoken.
| Rule | Detail | Source |
|---|---|---|
| Criminal usury in the second degree (Penal Law 190.40) | Interest rate exceeding 25% per annum; class E felony Source says: "at a rate exceeding twenty-five per centum per annum or the equivalent rate for a longer or shorter period" | New York State Senate (Open Legislation) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 16% per annum maximum civil rate (Banking Law 14-a; General Obligations Law 5-501) Source says: "The maximum rate of interest provided for in section 5-501 of the general obligations law shall be sixteen per centum per annum." | New York State Senate (Open Legislation) as of 2026-09-16 |
| Payday lending status | Illegal in New York State, in person, by telephone, or over the Internet Source says: "Payday loans are illegal in New York State." | New York State Department of Financial Services as of 2026-09-16 |
| Small-loan / installment lender licensing | Licensed Lender license required (Banking Law Article 9, sections 340-361); administered via NMLS Source says: "The Department of Financial Services uses the Nationwide Multistate Licensing System and Registry (NMLS) to manage the Licensed Lender License." | New York State Department of Financial Services as of 2026-09-16 |
| State lending regulator | New York State Department of Financial Services (DFS) Source says: "Notify the Department of Financial Services at (800) 342-3736 if you believe payday loans are being made in New York" | New York State Department of Financial Services as of 2026-09-16 |
How to compare offers in Asharoken
These steps are the ones that most affect the offer you receive in Asharoken:
- 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 York using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.