Monmouth Beach at a glance
- Population: 3,204 residents, the 232nd-largest of 323 places in New Jersey (US Census Bureau, Vintage 2023).
- 2020 Census base: 3,175 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: an increase of about 0.9% since the 2020 count (US Census Bureau).
- Rank among New Jersey places: 232nd out of 323 Census places (US Census Bureau).
- Size percentile: roughly 28% of New Jersey's places have fewer residents (US Census Bureau).
- Coordinates: 40.3359, -73.9856 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Rumson, NJ (2 mi); Oceanport, NJ (2 mi); Little Silver, NJ (3 mi); Long Branch, NJ (3 mi); Fair Haven, NJ (3 mi) (Census populations, approximate straight-line distance).
- Smaller places close by: Sea Bright, NJ (2 mi); Deal, NJ (6 mi); Allenhurst, NJ (7 mi) (US Census Bureau).
What a personal loan costs in Monmouth Beach
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.
Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.
New Jersey lending rules that apply in Monmouth Beach
The table carries the New Jersey rate and licensing rules that apply to consumer loans made in Monmouth Beach.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | Consumer lender license required for loans of $50,000 or less for personal, family, or household purposes (N.J.S.A. 17:11C-1 et seq.) Source says: "A consumer lender license is required for the making of a loan that is to be used primarily for personal, family or household purposes" | New Jersey Department of Banking and Insurance as of 2026-09-16 |
| State lending regulator | New Jersey Department of Banking and Insurance (DOBI); Office of Consumer Finance supervises consumer lenders Source says: "The Office of Consumer Finance regulates 16 types of businesses that provide a variety of consumer financial services." | New Jersey Department of Banking and Insurance as of 2026-09-16 |
| Criminal usury limits | 30% for non-corporate borrowers; 50% for corporations Source says: "the criminal usury limitation is 50 percent for corporations and 30 percent for non-corporate borrowers" | New Jersey Department of Banking and Insurance as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | Civil usury: rates above 6% (agreement not in writing) or above 16% (written contract specifying the rate) Source says: "the civil usury rate is any interest rate greater than 6 percent for an agreement that is not in writing" | New Jersey Department of Banking and Insurance as of 2026-09-16 |
| Payday lending status | Unlicensed payday lending violates New Jersey's civil and criminal usury rates; payday lenders must be licensed Source says: "out-of-state or foreign entities that have not obtained the required New Jersey license and whose payment terms violate New Jersey's civil and criminal usury rates" | New Jersey Department of Banking and Insurance as of 2026-09-16 |
How to compare offers in Monmouth Beach
Before you commit to a personal loan in Monmouth Beach, 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 Jersey using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.