Kensington at a glance
- Population: 1,190 people, the 391st-largest place among New York's 595 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 Census recorded 1,203 residents here (US Census Bureau).
- 2020 to 2023 change: roughly 1.1% fewer residents than at the 2020 Census (US Census Bureau).
- Rank among New York places: 391st of the state's 595 Census places (US Census Bureau).
- Size percentile: ahead of around 34% of New York places in population terms (US Census Bureau).
- Coordinates: 40.7931 latitude, -73.7222 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Great Neck Plaza, NY (0 mi); Thomaston, NY (1 mi); Great Neck, NY (1 mi); Great Neck Estates, NY (1 mi); Plandome, NY (1 mi) — straight-line distances, US Census Bureau populations.
- Smaller places close by: Russell Gardens, NY (1 mi); Plandome Heights, NY (1 mi); Saddle Rock, NY (1 mi) (US Census Bureau).
What a personal loan costs in Kensington
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
New York lending rules that apply in Kensington
The table carries the New York rate and licensing rules that apply to consumer loans made in Kensington.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Kensington
A few practical steps will make the process in Kensington 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.