Rockaway at a glance
- Population: 6,596 (US Census Bureau, Vintage 2023 subcounty estimate), the 165th-largest of 323 places in New Jersey.
- 2020 Census base: the 2020 count put the population at 6,598 (US Census Bureau).
- 2020 to 2023 change: roughly unchanged from the 2020 Census base (US Census Bureau).
- Rank among New Jersey places: 165th of the state's 323 Census places (US Census Bureau).
- Size percentile: larger than about 49% of the Census places in New Jersey (US Census Bureau).
- Coordinates: 40.8959, -74.5173 (Census Gazetteer, US Census Bureau).
- Nearest larger cities (within 120 miles): Dover, NJ (2 mi); Wharton, NJ (3 mi); Boonton, NJ (6 mi); Morristown, NJ (7 mi); Hopatcong, NJ (8 mi) (US Census Bureau populations).
- Nearest smaller towns: Victory Gardens, NJ (2 mi); Mountain Lakes, NJ (4 mi); Morris Plains, NJ (5 mi) — US Census Bureau populations.
What a personal loan costs in Rockaway
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less overall.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
New Jersey lending rules that apply in Rockaway
The sourced rows below are the rules a licensed lender must follow when lending in New Jersey, and therefore in Rockaway.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Rockaway
Here is a short checklist for comparing personal loans in Rockaway:
- 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.