Richmondville at a glance
- Population: 874 — 448th in New York, which has 595 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 875 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
- 2020 to 2023 change: a decline of roughly 0.1% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among New York places: 448th of 595 by population (US Census Bureau, Vintage 2023).
- Size percentile: ahead of around 25% of New York places in population terms (US Census Bureau).
- Coordinates: 42.6335 latitude, -74.5628 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Cobleskill, NY (5 mi); Middleburgh, NY (12 mi); Schoharie, NY (13 mi); Stamford, NY (16 mi); Canajoharie, NY (18 mi); US Census Bureau population estimates.
- Nearest smaller places: Sharon Springs, NY (11 mi); Ames, NY (14 mi); Cherry Valley, NY (15 mi) (US Census Bureau estimates).
What a personal loan costs in Richmondville
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.
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.
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 York lending rules that apply in Richmondville
The table lists the New York rules that apply to a loan made in Richmondville, each with the regulator that published it.
| 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 Richmondville
These steps are the ones that most affect the offer you receive in Richmondville:
- 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.