Great Neck Plaza at a glance
- Population: about 7,651 residents, ranking 112th of 595 Census places in New York (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: 7,526 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: about 1.7% growth over the 2020 Census base (US Census Bureau).
- Rank among New York places: 112th-largest of 595 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: roughly 81% of New York's places have fewer residents (US Census Bureau).
- Coordinates: 40.7869 / -73.7262, per the US Census Bureau Gazetteer.
- Nearest larger cities: Great Neck, NY (1 mi); New Hyde Park, NY (4 mi); Floral Park, NY (5 mi); Mineola, NY (5 mi); Garden City, NY (6 mi) (Census populations, approximate straight-line distance).
- Nearest smaller places: Russell Gardens, NY (0 mi); Kensington, NY (0 mi); Thomaston, NY (1 mi) (US Census Bureau estimates).
What a personal loan costs in Great Neck Plaza
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
New York lending rules that apply in Great Neck Plaza
The New York rate caps and licensing rules that reach Great Neck Plaza are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Great Neck Plaza
Before you share your details with a lender in Great Neck Plaza:
- 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.