Celoron at a glance
- Population: about 1,057, 410th by size in New York of 595 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 1,083 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: about 2.4% lower than the 2020 Census base (US Census Bureau).
- Rank among New York places: the 410th-largest of 595 (US Census Bureau, 2023 estimate).
- Size percentile: it is larger than about 31% of the places in New York (US Census Bureau).
- Coordinates: it sits at 42.1052, -79.2777 in the US Census Bureau Gazetteer.
- Nearest larger cities: Jamestown, NY (2 mi); Lakewood, NY (2 mi); Falconer, NY (4 mi); Mayville, NY (15 mi); Youngsville, PA (18 mi) (Census populations, approximate straight-line distance).
- Smaller towns nearby: Bemus Point, NY (7 mi); Sugar Grove, PA (9 mi); Panama, NY (11 mi) (US Census Bureau).
What a personal loan costs in Celoron
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
New York lending rules that apply in Celoron
Where a figure is not published by the state, the row points to the source instead of guessing.
| 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 Celoron
A few practical steps will make the process in Celoron less costly:
- 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.