Sodus Point at a glance
- Population: a Census-estimated 829, placing it 454th among New York's 595 places (Vintage 2023 subcounty estimate).
- 2020 Census base: 824 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: an increase of about 0.6% since the 2020 count (US Census Bureau).
- Rank among New York places: 454th of 595 by population (US Census Bureau, Vintage 2023).
- Size percentile: roughly 24% of places in New York rank below it by population (US Census Bureau).
- Coordinates: 43.2648, -76.9961 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Sodus, NY (4 mi); Wolcott, NY (10 mi); Clyde, NY (14 mi); Newark, NY (16 mi); Palmyra, NY (18 mi) (Census populations, approximate straight-line distance).
- Nearest smaller communities: Red Creek, NY (14 mi); Fair Haven, NY (15 mi); Hannibal, NY (21 mi), each a US Census place.
What a personal loan costs in Sodus Point
Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.
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.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
New York lending rules that apply in Sodus Point
The table carries the New York rate and licensing rules that apply to consumer loans made in Sodus Point.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Sodus Point
Here is a short checklist for comparing personal loans in Sodus Point:
- 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.