Menands at a glance
- Population: a Census-estimated 4,461, placing it 185th among New York's 595 places (Vintage 2023 subcounty estimate).
- 2020 Census base: 4,552 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: down roughly 2.0% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among New York places: 185th in population of 595 places (US Census Bureau).
- Size percentile: it exceeds roughly 69% of New York's Census places by population (US Census Bureau).
- Coordinates: 42.6912, -73.7262 (Census Gazetteer, US Census Bureau).
- Nearest larger cities (120-mile radius): Watervliet, NY (3 mi); Rensselaer, NY (3 mi); Troy, NY (4 mi); Albany, NY (4 mi); Cohoes, NY (6 mi) (US Census Bureau).
- Nearest smaller places: Green Island, NY (4 mi); Waterford, NY (7 mi); Castleton-on-Hudson, NY (11 mi) (US Census Bureau estimates).
What a personal loan costs in Menands
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
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 Menands
The table lists the New York rules that apply to a loan made in Menands, each with the regulator that published it.
| 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 Menands
The order below is a sensible way to approach a loan in Menands:
- 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.