Personal Loans in New York - Compare Lenders 2026

Q: Can I get a personal loan in New York with bad credit?

Yes, some lenders serving New York specialize in personal loans for bad credit. Many approve borrowers with scores from 580 upward. MaybeLoan works with lenders who serve a range of credit profiles in New York.

Q: How fast can I get a personal loan in New York?

The application takes about 5 minutes. Once approved, funds are typically deposited to your bank account within 1-3 business days.

Q: What can I use a personal loan for in New York?

Lenders generally do not restrict how you use the funds. Any large expense or financial goal qualifies.

Q: Is MaybeLoan a lender?

No, MaybeLoan is not a lender. MaybeLoan is a free online comparison platform that shows you personal loan offers from multiple licensed lenders serving New York. Using MaybeLoan is always free, and comparing does not obligate you to borrow.

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How Personal Loans Work in New York

Written by Ryan Abramson | Edited by Alex Khodzinskiy | Last Updated: Oct 2026

Written by Ryan Abramson

Last Updated: Oct 2026

Here's what fees you can expect when obtaining online personal loans in New York:

Personal loan lending status in New York:	Legal
Maximum loan amount in New York:	Up to $25,000 for personal, family or household loans (N.Y. Banking Law 340)
APR cap:	Licensed lenders charge the rate agreed with the borrower (Banking Law 351); interest is computed on unpaid principal and may not be deducted in advance. Unlicensed lending is capped at 16% civil and 25% criminal usury
Minimum loan term:	Not specified
Maximum loan term:	Not specified
Prepayment penalty:	The borrower receives a refund of the unearned interest on early repayment (Banking Law 351)
State Regulator:	New York Department of Financial Services (NYDFS)

Table Data Updated: October 2026.

Above you can see what fees you can expect when obtaining online personal loans in New York.

Personal Loan Locations in New York

Search 21 personal loan locations in New York by city or ZIP, or use your location to see the nearest first.

21 locations in 6 cities

Lendzi

5.0★★★★★(817 reviews)

352 7th Ave Suite 1402, New York, NY 10001, USA

(877) 453-6394

Mariner Finance

4.8★★★★☆(508 reviews)

2496 W Ridge Rd ste a-1, Rochester, NY 14626, USA

(585) 865-1130

Mariner Finance

4.8★★★★☆(444 reviews)

4405 Milestrip Rd Suite 5B, Buffalo, NY 14219, USA

(716) 677-0413

Mariner Finance

4.7★★★★☆(330 reviews)

5 Metro Park Rd Unit 2, Albany, NY 12205, USA

(518) 489-0123

Llama Loan

4.9★★★★☆(271 reviews)

276 5th Ave Suite 704 #72, New York, NY 10001, USA

(516) 440-2927

OneMain Financial

3.9★★★☆☆(245 reviews)

1 Executive Blvd #435, Yonkers, NY 10701, USA

(914) 663-8705

Mariner Finance

4.7★★★★☆(174 reviews)

3214 Erie Blvd E, Syracuse, NY 13214, USA

(315) 449-1531

OneMain Financial

3.9★★★☆☆(113 reviews)

2518 Ridgeway Ave, Rochester, NY 14626, USA

(585) 227-4660

Platform Funding LLC

4.5★★★★☆(15 reviews)

4053 Maple Rd #122, Buffalo, NY 14226, USA

(866) 473-1455

Bad Credit Small Business Loans

5.0★★★★★(10 reviews)

100 Wall St, New York, NY 10005, USA

(800) 327-9330

Also in New York: Payday Loans in New York Personal Loans in New York

A personal loan in New York is a fixed-amount loan available from a range of regulated financial institutions. Loan amounts vary widely and pay back over 1 to 7 years with predictable payments.

Unlike credit cards, personal loans have a fixed interest rate and a set payoff date. Use the funds for almost any legal purpose – no restrictions.

Benefits of Using MaybeLoan

See several offers instantly – get rates from top lenders serving New York without applying to each one separately
Soft check only at comparison stage – comparing rates through MaybeLoan will not lower your credit score
Transparent monthly payments – monthly payment, total interest, and APR clearly shown
From good to fair credit – we work with lenders for a range of credit scores
No fees from MaybeLoan – comparing is always free

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The Application Process

The process is fully online – no branch visits required.

Step 1: Enter your basic information – name, address, income, and desired loan amount
Step 2: Get matched – lenders serving New York review your profile
Step 3: Compare and choose – look at APR, monthly payments, and loan terms
Step 4: Get funded – once approved, funds are deposited directly to your bank account

Personal Loan Requirements in New York

To qualify for a personal loan in New York, most lenders require:

18 years of age or older
Legal residency in the United States
A U.S. bank account for fund deposits
Verifiable income
SSN required for identity and credit verification

Different lenders have different minimums. Prime lenders typically look for 660+. MaybeLoan works with lenders across the credit spectrum.

Personal Loan Rates in New York

Personal loan APRs in New York typically range from about 6% to 36%. Those with fair credit (580-660) typically see rates of 15-30% APR.

Always compare at least 2-3 lenders before deciding.

Find My Rate in New York! ➤

FAQ - Personal Loans in New York

Can I get a personal loan in New York with bad credit?

How fast can I get a personal loan in New York?

What can I use a personal loan for in New York?

Is MaybeLoan a lender?

By Ryan Abramson Last Updated: October 2026

Ryan Abramson is an independent financial consultant with 20+ years in banking and consumer credit. He has held senior roles at two U.S. banks, advising clients on lending products, credit risk, and personal finance strategies. Ryan holds dual degrees in economics and finance. His writing on MaybeLoan focuses on helping borrowers understand loan terms, compare lenders, and make informed decisions under financial pressure.

Edited by Alex Khodzinskiy Personal Finance Editor & Fintech Strategist

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