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Personal loans in Cold Brook, NY

A personal loan in Cold Brook is an unsecured installment loan for consolidation or a planned expense, and what it costs follows your credit, income and debts. Cold Brook's Census population of roughly 260 makes it the 581st-largest of 595 places in New York. Every lender serving New York must observe the state's rate caps and licensing rules, shown with their sources below.

By the Personalloaned Editorial Team · Last updated 2026-09-16

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Cold Brook at a glance

  • Population: the Census estimates 260 residents, ranking 581st of 595 places in New York (Vintage 2023).
  • 2020 Census base: the 2020 count put the population at 266 (US Census Bureau).
  • 2020 to 2023 change: about 2.3% lower than the 2020 Census base (US Census Bureau).
  • Rank among New York places: 581st of 595 by population (US Census Bureau, Vintage 2023).
  • Size percentile: roughly 2% of New York's places have fewer residents (US Census Bureau).
  • Coordinates: 43.2399 / -75.0389, per the US Census Bureau Gazetteer.
  • Nearest larger cities: Poland, NY (2 mi); Newport, NY (4 mi); Middleville, NY (8 mi); Remsen, NY (10 mi); Holland Patent, NY (11 mi) — straight-line distances, US Census Bureau populations.
  • Nearest smaller towns: Turin, NY (33 mi); Ames, NY (36 mi); Smyrna, NY (47 mi) — US Census Bureau populations.

What a personal loan costs in Cold Brook

A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.

APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.

Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.

Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.

New York lending rules that apply in Cold Brook

The sourced rows below are the rules a licensed lender must follow when lending in New York, and therefore in Cold Brook.

RuleDetailSource
State lending regulatorNew 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
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 statusIllegal 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 licensingLicensed 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

How to compare offers in Cold Brook

Before you commit to a personal loan in Cold Brook, work through these steps:

  1. Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
  2. Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
  3. Pre-qualify with at least three lenders and compare the APR, not the interest rate.
  4. Check that the lender is licensed in New York using the regulator named above.
  5. Read the disclosure for origination fees and any prepayment penalty before you sign.

Common questions

Frequently asked questions

Can I get a personal loan with bad credit in Cold Brook?
Yes, but expect a higher APR and possibly a smaller amount. Lenders that serve borrowers with lower scores are licensed statewide, so your options in Cold Brook are the same as elsewhere in New York.
How much can I borrow with a personal loan in Cold Brook?
Loan amounts are set by each lender and depend on your income, credit and existing debts, so we do not quote a range we cannot source. The Consumer Financial Protection Bureau explains how lenders assess an application, and our personal loan calculator will model the payment for any amount before you apply.
Does a personal loan in Cold Brook require collateral?
Unsecured personal loans do not require collateral. A secured loan, such as a home-equity or auto-secured loan, does — and it puts the pledged asset at risk if you default.
Will shopping for a loan in Cold Brook hurt my credit?
Pre-qualification usually uses a soft credit pull that does not affect your score. A full application triggers a hard inquiry, which may lower your score by a few points temporarily.

Nearby places

Where these figures come from

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