Stratford at a glance
- Population: 7,000 (US Census Bureau, Vintage 2023 subcounty estimate), the 159th-largest of 323 places in New Jersey.
- 2020 Census base: 6,979 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: up about 0.3% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among New Jersey places: 159th of 323 by population (US Census Bureau, Vintage 2023).
- Size percentile: about 51% of New Jersey's Census places are smaller (US Census Bureau).
- Coordinates: it sits at 39.8290, -75.0155 in the US Census Bureau Gazetteer.
- Nearest larger cities (within 120 miles): Lindenwold, NJ (2 mi); Barrington, NJ (3 mi); Pine Hill, NJ (4 mi); Runnemede, NJ (4 mi); Haddon Heights, NJ (4 mi) (US Census Bureau populations).
- Smaller towns nearby: Hi-Nella, NJ (1 mi); Laurel Springs, NJ (1 mi); Somerdale, NJ (1 mi) (US Census Bureau).
What a personal loan costs in Stratford
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
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 longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
New Jersey lending rules that apply in Stratford
The table carries the New Jersey rate and licensing rules that apply to consumer loans made in Stratford.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Stratford
A few practical steps will make the process in Stratford less costly:
- 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.