Best Personal Loans in New York

Unsecured personal loans for debt consolidation, home improvement, major purchases, or emergency expenses. In New York, personal loans are capped at 25% APR for licensed consumer lenders, overseen by the New York Department of Financial Services (DFS).

New York Lending Overview

Personal Loan APR cap

25%

Median Home Price

$478,000

Median Household Income

$80,000

Avg Student Debt

$38,751

State Regulator

New York Department of Financial Services (DFS)

Notable law: New York's Banking Law Section 14-a caps interest on consumer loans at 25% APR and classifies rates above that level as criminal usury, effectively prohibiting payday lending statewide.

8 Personal Loans Lenders serving New York

Best Egg

Personal Loans

4.1

APR Range: 7.99% – 29.99%
Loan Amount: $2,000 – $50,000
Min Credit Score: 660

Available to residents of New York

Apply at Best Egg

Better Mortgage

Personal Loans

4.0

APR Range: 6.30% – 7.50%
Loan Amount: $50,000 – $2,000,000
Min Credit Score: 620

Available to residents of New York

Apply at Better Mortgage

Bluevine

Personal Loans

3.9

APR Range: 4.80% – 95.00%
Loan Amount: $1,000 – $500,000
Min Credit Score: 620

Available to residents of New York

Apply at Bluevine

Capital One Auto

Personal Loans

4.1

APR Range: 5.09% – 19.99%
Loan Amount: $4,000 – $250,000
Min Credit Score: 600

Available to residents of New York

Apply at Capital One Auto

Earnest

Personal Loans

4.2

APR Range: 3.95% – 9.99%
Loan Amount: $5,000 – $500,000
Min Credit Score: 670

Available to residents of New York

Apply at Earnest

LightStream

Personal Loans

4.3

APR Range: 6.49% – 24.89%
Loan Amount: $5,000 – $100,000
Min Credit Score: 700

Available to residents of New York

Apply at LightStream

LightStream Auto

Personal Loans

4.2

APR Range: 6.49% – 20.49%
Loan Amount: $5,000 – $100,000
Min Credit Score: 700

Available to residents of New York

Apply at LightStream Auto

OnDeck

Personal Loans

3.5

APR Range: 10.99% – 99.00%
Loan Amount: $5,000 – $400,000
Min Credit Score: 625

Available to residents of New York

Apply at OnDeck

New York Lending Laws

New York's Banking Law Section 14-a caps interest on consumer loans at 25% APR and classifies rates above that level as criminal usury, effectively prohibiting payday lending statewide.

The primary regulator for consumer lending in New York is the New York Department of Financial Services (DFS). Borrowers with complaints about a lender can file reports directly with that agency or with the federal Consumer Financial Protection Bureau (CFPB).

Frequently Asked Questions

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