Russell Gardens at a glance
- Population: 930 residents, the 432nd-largest of 595 places in New York (US Census Bureau, Vintage 2023).
- 2020 Census base: 946 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
- 2020 to 2023 change: a decline of roughly 1.7% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among New York places: 432nd of the state's 595 Census places (US Census Bureau).
- Size percentile: roughly 27% of places in New York rank below it by population (US Census Bureau).
- Coordinates: latitude 40.7809, longitude -73.7255 (US Census Bureau Gazetteer).
- Nearest larger cities: Great Neck Plaza, NY (0 mi); Thomaston, NY (1 mi); Kensington, NY (1 mi); Great Neck Estates, NY (1 mi); Lake Success, NY (1 mi) (Census populations, approximate straight-line distance).
- Nearest smaller communities: Plandome Manor, NY (3 mi); Matinecock, NY (9 mi); Hewlett Bay Park, NY (10 mi), each a US Census place.
What a personal loan costs in Russell Gardens
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
A useful rule is to keep the new payment inside the room your budget already has, so the loan eases pressure instead of adding to it.
New York lending rules that apply in Russell Gardens
The table carries the New York rate and licensing rules that apply to consumer loans made in Russell Gardens.
| 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 Russell Gardens
Before you commit to a personal loan in Russell Gardens, work through these steps:
- 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.