Nassau at a glance
- Population: a Census-estimated 1,081, placing it 404th among New York's 595 places (Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 Census recorded 1,103 residents here (US Census Bureau).
- 2020 to 2023 change: about 2.0% lower than the 2020 Census base (US Census Bureau).
- Rank among New York places: the 404th-largest of 595 (US Census Bureau, 2023 estimate).
- Size percentile: roughly 32% of New York's places have fewer residents (US Census Bureau).
- Coordinates: 42.5140, -73.6107 (Census Gazetteer, US Census Bureau).
- Nearest larger cities (120-mile radius): Castleton-on-Hudson, NY (7 mi); Valatie, NY (8 mi); Kinderhook, NY (10 mi); Chatham, NY (11 mi); Ravena, NY (11 mi) (US Census Bureau).
- Nearest smaller towns: East Nassau, NY (6 mi); Schaghticoke, NY (27 mi); Valley Falls, NY (27 mi) — US Census Bureau populations.
What a personal loan costs in Nassau
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
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 Nassau
The New York rate caps and licensing rules that reach Nassau are listed below, each with its source and retrieval date.
| 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 Nassau
A few practical steps will make the process in Nassau 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.