Old Field at a glance
- Population: roughly 899 people; 440th of 595 places in New York (Census Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 Census recorded 910 residents here (US Census Bureau).
- 2020 to 2023 change: a loss of about 1.2% since the 2020 count (US Census Bureau).
- Rank among New York places: the 440th-largest of 595 (US Census Bureau, 2023 estimate).
- Size percentile: roughly 26% of New York's places have fewer residents (US Census Bureau).
- Coordinates: 40.9667, -73.1310 (Census Gazetteer, US Census Bureau).
- Nearest larger cities within 120 miles: Poquott, NY (2 mi); Port Jefferson, NY (4 mi); Head of the Harbor, NY (5 mi); Nissequogue, NY (5 mi); Lake Grove, NY (8 mi) (US Census Bureau).
- Smaller towns nearby: Belle Terre, NY (3 mi); Shoreham, NY (12 mi); Asharoken, NY (13 mi) (US Census Bureau).
What a personal loan costs in Old Field
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
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.
A lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.
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 Old Field
The sourced rows below are the rules a licensed lender must follow when lending in New York, and therefore in Old Field.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Old Field
Here is a short checklist for comparing personal loans in Old Field:
- 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.