Why this is not available
New York law does not allow payday loans, so we show no request form. There is no New York license that authorizes them. Read the law: N.Y. Gen. Oblig. Law 5-501; N.Y. Penal Law 190.40-190.42. Regulator: New York State Department of Financial Services (DFS).
New York law does not allow payday loans, so there is no request form for them. See Other options in New York and free help below.
| Product | Status | APR cap | Amount | Term | License | Law |
|---|---|---|---|---|---|---|
| Payday loans[1][2][3] | Not allowed | Not allowed | Not set by statute | Not set by statute | None | N.Y. Gen. Oblig. Law 5-501; N.Y. Penal Law 190.40-190.42 |
| Verified against the statute and regulator on September 23, 2026. Laws change; confirm with the regulator before you borrow. | ||||||
Other options in New York
Worth checking whatever your credit: these can cost less than a high-rate loan.
- Emergency loans in New York: allowed under New York law; see its limits and license rules.
- Installment loans in New York: allowed under New York law; see its limits and license rules.
- Personal loans in New York: allowed under New York law; see its limits and license rules.
- Credit union payday alternative loans (PALs). Federal credit unions may offer small loans of up to $2,000 with terms of up to 12 months and an APR no higher than 28%, under NCUA rules (12 CFR 701.21). You usually need to be a member.
- Nonprofit credit counseling. A counselor accredited by the National Foundation for Credit Counseling can help you build a budget or a debt management plan.
- Ask your creditor for a payment plan. Utilities, hospitals and many lenders offer hardship or extended payment plans if you ask before you miss a payment.
- Local assistance. Call 211, or visit 211.org, for emergency help with rent, utilities and food in New York.
Help in New York
Payday loans in nearby states
- VermontNot allowed Not allowed
- ConnecticutNot allowed Not allowed
- PennsylvaniaNot allowed Not allowed
- New JerseyNot allowed Not allowed
- New HampshireAllowed 36% APR
Sources
- legalclarity.org/new-york-usury-law-interest-rate-limits-and-penalties. Retrieved September 23, 2026.
- nysenate.gov. N.Y. Gen. Oblig. Law 5-501. Retrieved September 23, 2026.
- dfs.ny.gov. New York State Department of Financial Services (DFS). Retrieved September 23, 2026.
Important disclosures
APRs vary by lender and state in New York. Each lender sets its own rates and terms and must show you the APR before you sign.
- BadCreditMD is not a lender or broker and does not make loans or credit decisions. When you submit a request, a lending network partner shares it with third-party lenders, and those lenders or the partner may pay us a fee for each referral. The lenders decide whether to offer you a loan.
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- Questions about a lender licensed in New York? Contact the New York State Department of Financial Services (DFS) or file a state complaint.
- You can submit a complaint about any lender to the Consumer Financial Protection Bureau at consumerfinance.gov/complaint.