New York Best Personal Loan Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
- Bank & Credit Union Health Safety Ratings
- Bank & Credit Union Star Ratings
- Finance Calculators
New York personal loan rates range from 4.49% to 18.00% APR, verified by MonitorBankRates as of October 13, 2026. Current personal loan options available to borrowers in New York include: Haverhill Fire Department Credit UnionHaverhill Fire Department Credit Union110 John Muir Dr, Amherst, NY, 14228 1148A+5.0 ★Texas Ratio: 0.11% offering Share Secured/Credit Building Loan at 4.49% APR, First New York Federal Credit UnionFirst New York Federal Credit Union795 E Main St Ste 1, Cobleskill, NY, 12043 1263A+5.0 ★Texas Ratio: 3.76% offering Solar Loan at 4.74% APR, Sunmark Credit UnionSunmark Credit Union1616 Broadway, Schenectady, NY, 12306A5.0 ★Texas Ratio: 10.47% offering Share Secured Loan at 4.74% APR, District #6 Federal Credit UnionDistrict #6 Federal Credit Union107 Broadway, Hornell, NY, 14843A+5.0 ★Texas Ratio: 3.29% offering Short Term Personal Loan at 5.00% APR, and The Heart Center Federal Credit UnionThe Heart Center Federal Credit Union100 Port Washington Blvd, Roslyn, NY, 11576A5.0 ★Texas Ratio: 6.71% offering Personal Loan at 5.90% APR. Personal loan rates as of October 13, 2026 according to verified data from MonitorBankRates.
Use the tabs below to compare personal loan rates across New York side-by-side. New York personal loan rates currently start as low as 4.49% APR from Haverhill Fire Department Credit Union at 110 John Muir Dr, Amherst, NY, 14228 1148. Rates are continually updated, so we recommend checking back frequently.
We empower borrowers with transparent, proprietary financial health metrics, including A-F Safety Grades, verified Star Ratings, and Texas Ratios, so you can confidently borrow from a stable, highly-rated institution in New York.
Personal loan rates reflect recent market quotes and representative offers available to borrowers in New York. Rates shown are typically “as low as” APRs for borrowers with excellent credit. Your final approved rate will depend on your credit history, credit score, income, and loan amount. Personal Loan Rates Last Updated and Verified: October 13, 2026
New York Personal Loan Rates
No additional details available.
Fixed APR; 0.25% APR discount available for automatic loan payments and reflected in rates
Secured by Shares
Fixed APR; 0.25% APR discount available for automatic loan payments and reflected in rates
No additional details available.
No additional details available.
With 1st National Deposit Account as Collateral
Credit Limit: $10,000 Single / $20,000 Joint Maximum
As Low As; Auto Pay Discount: 6.39%
As Low As; Special fixed up to 15 months; Rate includes a 0.25% discount with Automatic Payment from a GE Credit Union account
Published rate range: 6.50 - 6.75%. Credit Score: 730+; Rating: A+; Max Loan: $30,000
Loan Limit: $30,000
As low as
Published APR range: 6.74% - 10.74. Signature Loans (Not to Exceed $25,000.00)
Personal Loans
No additional details available.
As Needed
new rates require a minimum advance of $1,000.00
No additional details available.
As Low As; APR with Discount as low as 6.45%; discount requires auto pay and direct deposit, up to 0.50% maximum
Rates assume payments will be automatically deducted from an NBT Bank checking or money market account. Add .50% to the rate if the automatic payment feature is not selected. To qualify for this rate, the minimum loan amount is $4,000, minimum credit score is 730, and maximum term is 36 months. Payment Examples: On a $7,500 loan, the payment would be $231.54 per month for 36 months with a 6.99% APR.
- Oct 7, 20266.99%▼ from 9.04%
- Sep 15, 20269.04%first recorded
As Low As; APR includes a 0.25% discount for automatic monthly payments; APR increases by 0.25% without automatic payment
As Low As
As Low As; Repayment terms available up to 60 months. Maximum loan about $20,000.00.
As Low As
- Oct 10, 20266.99%▼ from 7.49%
- Sep 14, 20267.49%first recorded
As low as*
Secured by Share Certificate
No additional details available.
Credit Grade: A+
- Oct 12, 20267.00%▲ from 6.50%
- Sep 25, 20266.50%first recorded
No additional details available.
As Low As
Risk Grade: A; Maximum Financing: $20,000; Advertised rate applies to automatic payment or payroll deduction; add 1/2% for other payment options
As Low As; $500.00 minimum up to $14,999.00
Example Amount: $3,000; Effective as of: March 2023
As Low As; Rate (as low as)
$25,000 maximum credit 680 and higher; $35,000 maximum credit 700 and higher; $50,000 maximum credit 720 and higher
Column labeled APY shows 7.22%
- Sep 25, 20267.22%▲ from 6.99%
- Sep 14, 20266.99%first recorded
As Low As; APR* (Rates as low as); Minimum Loan Amount = $500; Maximum Loan Amount = $30,000; Rate reflects .25% discount for automatic payment from payroll deduction or direct transfer from a TCT account
Published APR range: 7.24% - 11.24%. Signature Loans (Not to Exceed $25,000.00)
Credit Grade: A+
Credit Limit: $10,000 Single / $20,000 Joint Maximum
Credit Limit: $7,500 Single / $15,000 Joint Maximum; Published rates for A Credit (credit score 680 - 779); Risk-based lending applies; Effective October 1st, 2026
$8,000 - $10,000
As Low As; Maximum borrowing $10,000
As low as*; Rate applies to terms up to 36 months.
Borrow up to $20,000; APR*
- Oct 9, 20267.49%▲ from 6.99%
- Sep 14, 20266.99%first recorded
Published APR range: 7.49%-17.99%. APR range as stated on page: rates can vary between 7.49% APR and 17.99% APR; up to $20,000 for Qualified Borrowers; credit report pulled; no penalty for early payoff; fixed rates during life of loan
As Low As; $20,000 maximum
As Low As; Auto Pay Discount: 7.39%
Credit Grade: A+
APR*
As Low As; Min. $500 to max. $5k
As Low As; APR* as low as
As Low As
As Low As; For construction of in-ground and above ground pools and/or upgrade of pool; Minimum of $5,000
As Low As; Maximum amount $20,000; Based on Experian score 680+; automatic payment assumed (otherwise +0.50%)
Credit Score: 760+; Credit Tier: A+
$25,000 maximum credit 680 and higher; $35,000 maximum credit 700 and higher; $50,000 maximum credit 720 and higher
Credit Rating: A+
As Low As; Rate includes a 0.25% discount with Automatic Payment from a GE Credit Union account
Credit Grade: B
- Oct 8, 20267.75%▲ from 6.50%
- Sep 25, 20266.50%first recorded
As Low As
No additional details available.
No additional details available.
As Low As; For construction of in-ground and above ground pools and/or upgrade of pool; Minimum of $5,000
$15k; All rates are APR; rates based on 740+ credit score
As Low As; Maximum amount $20,000; Based on Experian score 680+; automatic payment assumed (otherwise +0.50%)
As Low As; Personal Loan rates start at 7.9%
No additional details available.
As Low As*
As Low As; APR with Discount as low as 7.75%; discount requires auto pay and direct deposit, up to 0.50% maximum
As low as*; Rate applies to terms of 37 to 48 months.
No additional details available.
As Low As; Loan Amount: $500+
As Low As; Effective Date: 06/01/2026
As Low As; Debt Protection is available; Check out our rates
As Low As; Fixed-Rate Loans; Terms (Up To) 12 mos.
As Low As; APR determined by credit score; not all terms available to all credit scores
Borrow up to $20,000; APR*
- Oct 9, 20267.99%▲ from 7.49%
- Sep 14, 20267.49%first recorded
As Low As; Fixed rate; combine higher-rate balances into a single payment; no hidden fees; includes 0.25% discount for automatic payments from an MHV account
$300 - $25,000; As Low As; Rate available to member in good standing, based on credit qualifications; loans from $300 to $25,000; .25% discount for automatic payments from MHV savings or checking
- Oct 9, 20267.99%▲ from 7.49%
- Sep 21, 20267.49%first recorded
As Low As; Rates include a 0.25% rate discount for automatic payments and a 0.25% rate discount for having an active State CS Checking account
- Sep 25, 20267.99%▲ from 7.74%
- Sep 14, 20267.74%first recorded
As Low As; Subject to loan approval; Rates include 0.25% discount for automatic payments and 0.25% discount for active State CS Checking account; Maximum APR 18.00%
As Low As; Rates include 0.25% discount for payroll deduction or automatic payment and 0.25% discount for using a Compass debit card; Apply online via online banking
No additional details available.
As Low As; $20,000 maximum
Credit Tier: A Plus (730 Plus)
No additional details available.
Credit Grade: B
No additional details available.
No additional details available.
No additional details available.
As Low As; Min. $500 to max. $20k
As Low As; For construction of in-ground and above ground pools and/or upgrade of pool; Minimum of $5,000
Risk Grade: A; Maximum Financing: $20,000; Advertised rate applies to automatic payment or payroll deduction; add 1/2% for other payment options
Rate Column: Base; All rates are APR
As Low As; Amount: Up to $25,000; Maximum personal loan amount based on gross monthly income of primary applicant, up to $25,000
- Oct 5, 20268.00%▲ from 7.49%
- Sep 14, 20267.49%first recorded
As Low As; Maximum amount $20,000; Based on Experian score 680+; automatic payment assumed (otherwise +0.50%)
As Low As; Rate (as low as)
As Low As; Repayment Term: Up to 12 Months
As Low As; Repayment Term: 13 to 24 Months
As Low As; Repayment Term: 25 to 36 Months
No additional details available.
As Low As; Loan Amount: $2,500+
Dollar Amount: up to $15,000
As Low As
No additional details available.
Published APR range: 8.24% - 12.24%. Signature Loans (Not to Exceed $25,000.00)
No additional details available.
As Low As; *
Credit Limit: $10,000 Single / $20,000 Joint Maximum
Credit Limit: $7,500 Single / $15,000 Joint Maximum; Published rates for A Credit (credit score 680 - 779); Risk-based lending applies; Effective October 1st, 2026
As Low As; For construction of in-ground and above ground pools and/or upgrade of pool; Minimum of $5,000
As Low As; Maximum amount $20,000; Based on Experian score 680+; automatic payment assumed (otherwise +0.50%)
No additional details available.
As Low As
As Low As; Maximum borrowing $10,000
As Low As; Repayment Term: 37 to 48 Months
As Low As; Unsecured; Term printed as '3 - 6 Years'
up to $20,000; As Low As; Loans up to $20,000
As Low As; Fixed APR
Paper Grade: A+; Amount: $8,000; Scoring Scale: 720 and above
As low as*; Rate applies to terms of 49 to 60 months.
No additional details available.
As Low As; Loan Amount: $3,000+
As Low As
Borrow up to $20,000; APR*
- Oct 9, 20268.49%▲ from 7.99%
- Sep 14, 20267.99%first recorded
As Low As; Rates include a 0.25% rate discount for automatic payments and a 0.25% rate discount for having an active State CS Checking account
- Sep 25, 20268.49%▲ from 8.24%
- Sep 17, 20268.24%first recorded
As Low As; Subject to loan approval; Rates include 0.25% discount for automatic payments and 0.25% discount for active State CS Checking account; Maximum APR 18.00%
Published APR range: 8.49%/7.99%. Credit Score: 730 & Above; Maximum Loan/Term: $20,000/84 Months; APR shown as standard/discounted (0.25% payroll or automatic payment and 0.25% Compass debit card discounts)
No additional details available.
New York Personal Loan Rates
No additional details available.
No additional details available.
With 1st National Deposit Account as Collateral
As Low As; Auto Pay Discount: 6.39%
As Low As; Special fixed up to 15 months; Rate includes a 0.25% discount with Automatic Payment from a GE Credit Union account
Published rate range: 6.50 - 6.75%. Credit Score: 730+; Rating: A+; Max Loan: $30,000
Loan Limit: $30,000
As low as
Personal Loans
As Needed
No additional details available.
Rates assume payments will be automatically deducted from an NBT Bank checking or money market account. Add .50% to the rate if the automatic payment feature is not selected. To qualify for this rate, the minimum loan amount is $4,000, minimum credit score is 730, and maximum term is 36 months. Payment Examples: On a $7,500 loan, the payment would be $231.54 per month for 36 months with a 6.99% APR.
- Oct 7, 20266.99%▼ from 9.04%
- Sep 15, 20269.04%first recorded
As Low As; APR includes a 0.25% discount for automatic monthly payments; APR increases by 0.25% without automatic payment
As Low As; Repayment terms available up to 60 months. Maximum loan about $20,000.00.
As Low As
- Oct 10, 20266.99%▼ from 7.49%
- Sep 14, 20267.49%first recorded
As low as*
No additional details available.
As Low As
Risk Grade: A; Maximum Financing: $20,000; Advertised rate applies to automatic payment or payroll deduction; add 1/2% for other payment options
As Low As; Rate (as low as)
Column labeled APY shows 7.22%
- Sep 25, 20267.22%▲ from 6.99%
- Sep 14, 20266.99%first recorded
As Low As; APR* (Rates as low as); Minimum Loan Amount = $500; Maximum Loan Amount = $30,000; Rate reflects .25% discount for automatic payment from payroll deduction or direct transfer from a TCT account
Credit Limit: $7,500 Single / $15,000 Joint Maximum; Published rates for A Credit (credit score 680 - 779); Risk-based lending applies; Effective October 1st, 2026
Borrow up to $20,000; APR*
- Oct 9, 20267.49%▲ from 6.99%
- Sep 14, 20266.99%first recorded
Published APR range: 7.49%-17.99%. APR range as stated on page: rates can vary between 7.49% APR and 17.99% APR; up to $20,000 for Qualified Borrowers; credit report pulled; no penalty for early payoff; fixed rates during life of loan
As Low As; Auto Pay Discount: 7.39%
APR*
As Low As; Min. $500 to max. $5k
As Low As; APR* as low as
As Low As; Maximum amount $20,000; Based on Experian score 680+; automatic payment assumed (otherwise +0.50%)
Credit Score: 760+; Credit Tier: A+
As Low As; Rate includes a 0.25% discount with Automatic Payment from a GE Credit Union account
As Low As
No additional details available.
As Low As; Maximum amount $20,000; Based on Experian score 680+; automatic payment assumed (otherwise +0.50%)
As Low As; Personal Loan rates start at 7.9%
No additional details available.
As Low As*
No additional details available.
As Low As; Loan Amount: $500+
As Low As; Debt Protection is available; Check out our rates
As Low As; Fixed-Rate Loans; Terms (Up To) 12 mos.
As Low As; APR determined by credit score; not all terms available to all credit scores
Borrow up to $20,000; APR*
- Oct 9, 20267.99%▲ from 7.49%
- Sep 14, 20267.49%first recorded
$300 - $25,000; As Low As; Rate available to member in good standing, based on credit qualifications; loans from $300 to $25,000; .25% discount for automatic payments from MHV savings or checking
- Oct 9, 20267.99%▲ from 7.49%
- Sep 21, 20267.49%first recorded
As Low As; Rates include a 0.25% rate discount for automatic payments and a 0.25% rate discount for having an active State CS Checking account
- Sep 25, 20267.99%▲ from 7.74%
- Sep 14, 20267.74%first recorded
As Low As; Subject to loan approval; Rates include 0.25% discount for automatic payments and 0.25% discount for active State CS Checking account; Maximum APR 18.00%
No additional details available.
No additional details available.
As Low As; Min. $500 to max. $20k
Risk Grade: A; Maximum Financing: $20,000; Advertised rate applies to automatic payment or payroll deduction; add 1/2% for other payment options
Rate Column: Base; All rates are APR
As Low As; Amount: Up to $25,000; Maximum personal loan amount based on gross monthly income of primary applicant, up to $25,000
- Oct 5, 20268.00%▲ from 7.49%
- Sep 14, 20267.49%first recorded
As Low As; Maximum amount $20,000; Based on Experian score 680+; automatic payment assumed (otherwise +0.50%)
As Low As; Rate (as low as)
No additional details available.
As Low As; Loan Amount: $2,500+
No additional details available.
No additional details available.
As Low As; *
Credit Limit: $7,500 Single / $15,000 Joint Maximum; Published rates for A Credit (credit score 680 - 779); Risk-based lending applies; Effective October 1st, 2026
As Low As; Maximum amount $20,000; Based on Experian score 680+; automatic payment assumed (otherwise +0.50%)
As Low As; Unsecured; Term printed as '3 - 6 Years'
up to $20,000; As Low As; Loans up to $20,000
As Low As; Fixed APR
No additional details available.
As Low As; Loan Amount: $3,000+
Borrow up to $20,000; APR*
- Oct 9, 20268.49%▲ from 7.99%
- Sep 14, 20267.99%first recorded
As Low As; Rates include a 0.25% rate discount for automatic payments and a 0.25% rate discount for having an active State CS Checking account
- Sep 25, 20268.49%▲ from 8.24%
- Sep 17, 20268.24%first recorded
As Low As; Subject to loan approval; Rates include 0.25% discount for automatic payments and 0.25% discount for active State CS Checking account; Maximum APR 18.00%
New York Debt Consolidation Loan Rates
Credit Limit: $10,000 Single / $20,000 Joint Maximum
Credit Limit: $10,000 Single / $20,000 Joint Maximum
As Low As; Fixed rate; combine higher-rate balances into a single payment; no hidden fees; includes 0.25% discount for automatic payments from an MHV account
No additional details available.
Credit Limit: $10,000 Single / $20,000 Joint Maximum
Rates as of 10/1/2026
No additional details available.
No additional details available.
Credit Limit: $10,000 Single / $20,000 Joint Maximum
No additional details available.
As low as 9.74%*; Applies to applicants with direct deposit of net pay and a checking account.
As Low As; The above annual percentage rates (APR) are the lowest rates offered to applicants with direct deposit of net pay and a checking account. Applicants who are not approved at these rates or terms may be offered credit at a higher rate and/or different terms. All loan requests and rates are subject to credit approval.
As Low As; Borrow up to $10,000.00, Delay first payment for 60 days
- Sep 29, 20269.99%▲ from 8.00%
- Sep 14, 20268.00%first recorded
No additional details available.
As Low As; Restrictions may apply
As low as 10.74%*; Applies to applicants with direct deposit of net pay and a checking account.
No additional details available.
- Oct 2, 202610.99%▲ from 10.74%
- Sep 19, 202610.74%first recorded
As Low As
As Low As; Rates as low as 10.99% APR. Homepage banner: Take Control of Your Finances with a Debt Consolidation Loan
No additional details available.
- Oct 2, 202611.14%▲ from 10.89%
- Sep 19, 202610.89%first recorded
No additional details available.
No additional details available.
As Low As; Restrictions may apply
No additional details available.
As Low As; Fixed APR
As Low As; rate based on member relationship; membership eligibility required; Monthly payment per $1,000: $23.15
Term: 49 - 60 Months (5K Plus)
Published APR range: 13.50%-18.00%. As Low As; Max Term: 60 Month
Fixed rate, maxed 18% (discount with direct deposit); Amount: $500-$10,000; $20 application fee; 1% origination fee upon approval
New York Signature Loan Rates
Published APR range: 6.74% - 10.74. Signature Loans (Not to Exceed $25,000.00)
No additional details available.
new rates require a minimum advance of $1,000.00
Risk Grade: A; Maximum Financing: $20,000; Advertised rate applies to automatic payment or payroll deduction; add 1/2% for other payment options
As Low As; $500.00 minimum up to $14,999.00
Example Amount: $3,000; Effective as of: March 2023
Published APR range: 7.24% - 11.24%. Signature Loans (Not to Exceed $25,000.00)
$8,000 - $10,000
As Low As; Maximum borrowing $10,000
As low as*; Rate applies to terms up to 36 months.
As Low As; $20,000 maximum
As Low As; Maximum amount $20,000; Based on Experian score 680+; automatic payment assumed (otherwise +0.50%)
No additional details available.
As Low As; Maximum amount $20,000; Based on Experian score 680+; automatic payment assumed (otherwise +0.50%)
As low as*; Rate applies to terms of 37 to 48 months.
As Low As; Fixed-Rate Loans; Terms (Up To) 12 mos.
No additional details available.
As Low As; $20,000 maximum
Credit Tier: A Plus (730 Plus)
Risk Grade: A; Maximum Financing: $20,000; Advertised rate applies to automatic payment or payroll deduction; add 1/2% for other payment options
As Low As; Maximum amount $20,000; Based on Experian score 680+; automatic payment assumed (otherwise +0.50%)
As Low As; Repayment Term: Up to 12 Months
As Low As; Repayment Term: 13 to 24 Months
As Low As; Repayment Term: 25 to 36 Months
As Low As
Published APR range: 8.24% - 12.24%. Signature Loans (Not to Exceed $25,000.00)
As Low As; Maximum amount $20,000; Based on Experian score 680+; automatic payment assumed (otherwise +0.50%)
As Low As; Maximum borrowing $10,000
As Low As; Repayment Term: 37 to 48 Months
As low as*; Rate applies to terms of 49 to 60 months.
As Low As
No additional details available.
New York Personal Loan Rate Trends
Compare local New York personal loan rates against the statewide average
Daily personal loan rate averages tracked across our database of 8,500+ banks and credit unions, updated every evening.
New York personal loan rates fell 0.023 points over the past 7 days to 9.632% APR.
New York signature loan rates fell 0.053 points over the past 7 days to 9.728% APR.
New York Personal Loan Rate Forecast, Next 12 Months
Personal loan APRs follow lender funding costs and credit conditions. Our model projects the likely path of personal and signature loan averages from the current New York figures.
Forecast Methodology & Assumptions
Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; unsecured lenders reprice new offers within one to two policy cycles, and advertised as-low-as rates move before average approved rates do.
Important notice: this forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions.
What Would Your Monthly Payment Be?
Estimated monthly payments at the current NY average personal loan APR of 9.63%, across the terms lenders serving New York most commonly offer. Personal loans are fixed-rate and fully amortizing, so the payment never changes and the balance reaches zero on schedule.
| Loan Amount | 24 Months | 36 Months | 48 Months | 60 Months |
|---|---|---|---|---|
| $5,000 | $229.88/mo | $160.47/mo | $125.93/mo | $105.33/mo |
| $10,000 | $459.75/mo | $320.95/mo | $251.86/mo | $210.66/mo |
| $15,000 | $689.63/mo | $481.42/mo | $377.79/mo | $316.00/mo |
| $25,000 | $1,149.38/mo | $802.37/mo | $629.66/mo | $526.66/mo |
| $35,000 | $1,609.14/mo | $1,123.32/mo | $881.52/mo | $737.33/mo |
Principal and interest only. Does not include any origination fee, which some lenders deduct from your loan proceeds. Your APR depends on credit score, income, loan amount, term, and lender underwriting.
Consolidating Credit Card Debt in New York
Debt consolidation is the most common reason people take a personal loan, and the math is usually straightforward: credit cards carry variable double-digit APRs, while a personal loan locks in a fixed rate and a fixed payoff date. Below is the total interest on a $15,000 balance repaid over 48 months at the NY personal loan average versus a range of typical credit card APRs.
| Repayment Option | APR | Monthly Payment | Total Interest | Interest Saved |
|---|---|---|---|---|
| Personal Loan (NY average) | 9.63% | $377.79 | $3,134 | |
| Credit card at 18% APR | 18.00% | $440.62 | $6,150 | $3,016 |
| Credit card at 22% APR | 22.00% | $472.59 | $7,684 | $4,550 |
| Credit card at 26% APR | 26.00% | $505.76 | $9,276 | $6,142 |
The 18%, 22%, and 26% figures are illustrative points across the range card issuers commonly charge, not a published average. Check your own statement for your actual APR, then use the calculator below to run your real numbers. This comparison assumes a fixed 48-month payoff in both cases; paying only the card minimum would stretch the timeline and raise interest substantially. Consolidation only helps if you avoid rebuilding a balance on the paid-off cards.
How to Get the Best Personal Loan Rate in New York
Prequalify With a Soft Credit Check
Most lenders serving New York will show you an estimated APR using a soft inquiry that does not touch your credit score. Prequalify with several before formally applying. The advertised rate is the best-qualified rate, and the number you personally receive can differ by many percentage points.
Compare APR, Not the Interest Rate
Origination fees run as high as 10% of the amount borrowed and come straight out of your proceeds, so a loan with a lower interest rate can cost more than one with a higher rate and no fee. APR folds the fee in, which makes it the only number worth comparing across lenders.
Check Local Credit Unions First
Credit unions consistently publish the lowest personal loan APRs in our New York data, and many charge no origination fee. Membership is usually easier than expected; many accept anyone who lives, works, or worships in the area. Federal credit unions are also capped by regulation on what they may charge.
Borrow Only What You Need, for as Short a Term as You Can
Lenders often price longer terms at higher APRs, so a 60-month loan can cost more per dollar borrowed than a 36-month loan on top of accruing interest for longer. Take the shortest term whose payment comfortably fits your budget, and resist rounding the amount up.
- Buying a vehicle? A secured New York auto loan will almost always beat an unsecured personal loan
- Home improvements and you have equity? Compare home equity rates, though your home becomes collateral
- Not urgent? Building the money in a New York high-yield savings account costs nothing and earns interest instead of paying it
New York Financial Snapshot
Local demographics and economic context for borrowers. Source: U.S. Census Bureau
A $378 monthly loan payment is roughly 8.9% of the median individual income in New York. Lenders generally want your total monthly debt payments, including housing, to stay under roughly 36% of gross income, so consider the new payment alongside everything you already owe.
Personal Loan vs. Other Ways to Borrow
A personal loan is fast and requires no collateral, but it is not always the cheapest way to borrow. Here is how it compares to the main alternatives available to borrowers in New York.
| Feature | Personal Loan | Credit Card | 0% Balance Transfer | Home Equity Loan / HELOC |
|---|---|---|---|---|
| Typical APR Level | ● Mid, fixed | ✗ Highest, variable | ✓ 0% for a promo window | ✓ Usually lowest |
| Collateral Required | ✓ None | ✓ None | ✓ None | ✗ Your home is at risk |
| Payment Predictability | ✓ Fixed payment and payoff date | ✗ Revolving, can last indefinitely | ● Rate jumps when promo ends | ● Fixed for loans, variable for HELOCs |
| Speed to Funding | ✓ Often 1 to 3 business days | ✓ Immediate if you hold the card | ● Card approval plus transfer time | ✗ Weeks (appraisal and closing) |
| Upfront Costs | ● Origination fee up to ~10% | ✓ None | ● Transfer fee, typically 3 to 5% | ● Closing costs possible |
| Best For | Consolidation and one-off costs, no collateral | Small balances paid in full monthly | Debt you can clear inside the promo window | Large projects when you have equity and time |
General comparison for educational purposes; terms, eligibility, and pricing vary by lender and borrower credit profile. Borrowing against your home converts unsecured debt into secured debt; missed payments can put the property at risk. MonitorBankRates is not a lender or financial advisor.
Personal Loan Payment Calculator
Estimate your monthly payment, total interest, and what an origination fee actually costs you. We’ve prefilled the APR with the current NY average, or click any rate on the right to apply it instantly.
Estimates assume a fixed-rate, fully amortizing loan with equal monthly payments and no prepayment. “Cash you actually receive” subtracts any origination fee deducted from proceeds; you still repay, and pay interest on, the full loan amount. Advertised APRs typically require strong credit; your approved rate may differ. This tool is for illustration and is not a loan offer.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our New York personal loan rate tables are free for consumers to use, and we do not receive payment from any lender to be included or to be ranked in any particular order. Listings are based solely on the rates each lender publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Personal Loan Rate Data: We aggregate personal loan rates for New York directly from the official websites of banks, credit unions, and online lenders using our proprietary rate aggregation technology and a dedicated team of rate updaters. By sourcing data from the institutions’ own digital properties and verifying APRs regularly, every rate on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available personal loan products in New York. We feature a comprehensive mix of lenders, from neighborhood credit unions and competitive regional banks to large national lenders available to borrowers in NY.
Regularly Updated APRs: Our rate updaters verify and update personal loan rates regularly. Because APRs can change based on market conditions and lender policies, every product features its own “last updated” date for full transparency. Personal loan APRs shown typically represent “as low as” rates for borrowers with excellent credit; your actual rate will depend on your credit history, credit score, income, and loan amount.
Personal Loans for Bad Credit in New York
A FICO score below 580 is considered poor and 580 to 669 is fair. You can still get a personal loan with bad credit, but expect an APR well above the best rates on this page, a smaller loan amount, or a request for collateral or a cosigner. Where you apply matters as much as your score.
Start With a Credit Union
Federal credit unions cannot charge more than 18% APR on most loans through September 10, 2027. Many weigh your income and membership history, not just your score.
Ask About a Payday Alternative Loan
Many federal credit unions offer PALs for small, short term needs, capped at 28% APR with an application fee of no more than $20. That is a fraction of what a payday lender charges.
Secure the Loan With Savings
A share secured or CD secured loan uses your own savings as collateral, so approval is easy and the APR is low. On time payments are reported to the credit bureaus and help rebuild your score.
Add a Cosigner or Co-borrower
A second applicant with stronger credit can lower your rate and raise the amount you qualify for. They are equally responsible for every payment.
Prequalify Before You Apply
Most lenders show an estimated rate with a soft credit check that does not affect your score. Compare APRs, including any origination fee, before you submit a full application.
Avoid Payday and Title Loans
The CFPB notes a typical payday fee of $15 per $100 equals an APR of almost 400% on a two week loan. A title loan puts your car at risk. A credit union loan costs far less.
Frequently Asked Questions
What credit score do I need for a personal loan in New York?
What is the difference between secured and unsecured personal loans?
Can I use a personal loan for debt consolidation in New York?
Are credit unions or banks better for personal loans in New York?
What is an origination fee on a personal loan?
Does checking personal loan rates hurt my credit score?
Can I pay off a personal loan early?
Can I get a personal loan with bad credit in New York?
What is the maximum APR on a bad credit personal loan from a credit union?
What are the best personal loan rates in New York?
- Haverhill Fire Department Credit Union: 4.49% (Share Secured/Credit Building Loan)
- First New York Federal Credit Union: 4.74% (Solar Loan)
- Sunmark Credit Union: 4.74% (Share Secured Loan)
- District #6 Federal Credit Union: 5.00% (Short Term Personal Loan)
- The Heart Center Federal Credit Union: 5.90% (Personal Loan)
