Greenwood Lake at a glance
- Population: 2,983 (US Census Bureau, Vintage 2023 subcounty estimate), the 238th-largest of 595 places in New York.
- 2020 Census base: 3,038 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: roughly 1.8% fewer residents than at the 2020 Census (US Census Bureau).
- Rank among New York places: the 238th-largest of 595 (US Census Bureau, 2023 estimate).
- Size percentile: it exceeds roughly 60% of New York's Census places by population (US Census Bureau).
- Coordinates: it sits at 41.2211, -74.2876 in the US Census Bureau Gazetteer.
- Nearest larger cities: Warwick, NY (4 mi); Tuxedo, NY (6 mi); Sloatsburg, NY (6 mi); Ringwood, NJ (8 mi); Monroe, NY (9 mi); each population is a US Census Bureau estimate.
- Smaller places nearby: Tuxedo Park, NY (4 mi); Florida, NY (8 mi); Hillburn, NY (9 mi), per US Census Bureau estimates.
What a personal loan costs in Greenwood Lake
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
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.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
New York lending rules that apply in Greenwood Lake
Each row below is a New York rule with its publisher and the date it was retrieved.
| 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 Greenwood Lake
Before you commit to a personal loan in Greenwood Lake, work through these steps:
- 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.