Ocean Gate at a glance
- Population: roughly 1,991 people; 261st of 323 places in New Jersey (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 1,937 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: about 2.8% more residents than the 2020 Census base (US Census Bureau).
- Rank among New Jersey places: 261st of 323 by population (US Census Bureau, Vintage 2023).
- Size percentile: it exceeds roughly 19% of New Jersey's Census places by population (US Census Bureau).
- Coordinates: 39.9265, -74.1348 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Pine Beach, NJ (2 mi); Seaside Heights, NJ (3 mi); Beachwood, NJ (4 mi); South Toms River, NJ (4 mi); Point Pleasant, NJ (11 mi) (Census populations, approximate straight-line distance).
- Nearest smaller towns: Island Heights, NJ (1 mi); Seaside Park, NJ (3 mi); Lavallette, NJ (4 mi) (US Census Bureau).
What a personal loan costs in Ocean Gate
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
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 Ocean Gate
Every figure in the table below is sourced to a publisher with a date; where a state does not publish a number, we say so rather than estimate.
| 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 Ocean Gate
The steps below are worth completing first when you borrow in Ocean Gate:
- 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.