East Hampton at a glance
- Population: 1,546 residents, the 355th-largest of 595 places in New York (US Census Bureau, Vintage 2023).
- 2020 Census base: 1,511 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
- 2020 to 2023 change: about 2.3% growth over the 2020 Census base (US Census Bureau).
- Rank among New York places: 355th by size among 595 communities (US Census Bureau).
- Size percentile: about 40% of places in New York are smaller (US Census Bureau).
- Coordinates: 40.9515 latitude, -72.1961 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Sag Harbor, NY (6 mi); Southampton, NY (12 mi); Greenport, NY (14 mi); Quogue, NY (23 mi); Westhampton Beach, NY (25 mi) (Census populations, approximate straight-line distance).
- Nearest smaller communities: Sagaponack, NY (4 mi); North Haven, NY (8 mi); Dering Harbor, NY (12 mi), each a US Census place.
What a personal loan costs in East Hampton
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
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.
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.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
New York lending rules that apply in East Hampton
The New York rate caps and licensing rules that reach East Hampton are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in East Hampton
Run through this list before signing anything in East Hampton:
- 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.