Lynbrook at a glance
- Population: 20,071 people, the 43rd-largest place among New York's 595 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 count put the population at 20,430 (US Census Bureau).
- 2020 to 2023 change: down roughly 1.8% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among New York places: 43rd out of 595 Census places (US Census Bureau).
- Size percentile: about 93% of New York's Census places are smaller (US Census Bureau).
- Coordinates: 40.6579, -73.6742 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Valley Stream, NY (2 mi); Rockville Centre, NY (2 mi); Hempstead, NY (4 mi); Freeport, NY (5 mi); Garden City, NY (5 mi) (Census populations, approximate straight-line distance).
- Nearest smaller places: East Rockaway, NY (1 mi); Malverne, NY (1 mi); Hewlett Harbor, NY (2 mi) (US Census Bureau estimates).
What a personal loan costs in Lynbrook
Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
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 Lynbrook
Each row below is a New York rule with its publisher and the date it was retrieved.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Lynbrook
Before you commit to a personal loan in Lynbrook, 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.