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Find Top Payday loans in New York


  • Nearest Licensed Lending Option
  • Best and Affordable Rates
  • All Credit are Approved
  • Simple & Safe Application Process


If you have ever had an emergency that required urgent cash, then you appreciate the need to find a quick solution. However, the state of New York has outlawed the lending of payday loans owing to the high Annual percentage rate (APR) as well as the high borrower fees associated with payday loans in NY. That said, here at Nation 21, we have other options legally available for the residents of this state.

Search for Legal Personal loans in NY

Are you planning a wedding or looking forward to that new set of wheels you’ve been hoping to own? Then a personal loan is what you need.

This is an unsecured line of credit of between $2,000 – $35,000 and interest rate of between 3.9% and 5.99 %. The loan term is between 3 and 5 years with a turnaround time of between 1-3 days.

To qualify here is what you need:

  • A credit score of not less than 640
  • Be least 18 years of age
  • Be an American citizen
  • Have a steady income
  • Have an active open bank account

Your Online Installment loans in New York

While payday cash advance are payable in full on the next payday, installment loans are staggered throughout the loan term. You can either make your repayments monthly or twice a month.

Installments loans are available with limits of up to $10,000 and repayment periods extended up to 5 years, but lenders will check your individual’s credit rating as well as current financial situation before qualifying you.

The application process is easy and convenient with some lenders using smart phone apps to ease access.

Lenders are flexible on eligibility even with bad credit, so long as you demonstrate the ability to repay. However, while fees charged by an individual lender may vary, overall, the APR and fees charged are higher for installment loans.

How it works

Nation 21 allows both borrowers and lenders access what they need on a platform that is free and easy. With a simple online application, or over the counter walk in, your financial dilemma is sorted.

1) Fill out an application and Nation 21 goes to work.

2) The application is reviewed by lenders within minutes and if approved, a loan offer is made, and you are redirected to the lender’s website.

3) Once you sign the loan documents, the lender deposits funds into your checking account within one business day.

 The Lending laws in NY

While national wide the credit score is between 350 and 800, the average score for New York residents is about 700.

The Department of Financial Services requires that entities obtain a license, allowing them to charge interest and fees above the 16% cap on every $25,000 and below.

Another option available to New York residents are:

  • Credit cards – This is a revolving line of credit without collateral
  • Tribal loans – These are backed by sovereign tribal lands

 The Population and demographics in New York

The state of New York is home to over 23.7 million people as of 2016 according to US Census Bureau.  It is said to be a “melting point” for immigrants with 36 % of the population being foreign born.

Manhattan is especially cosmopolitan, and the most densely populated at 66,940 people per square meter. With over 11 nationalities and 800 languages being spoken, it is the most ethnically diverse state in the US.  New York City is also the most populous city in the US with over 8.5 million residents.

 The Economic indicators

The gross state product was estimated at $1.44 trillion in 2012 making New York state the 13th largest economy in the world.

This state has the most diverse income variations with the wealthiest taking home a high of $188, 697 and the poor folks taking as low as $ 9,320. This is driven by wage growth in the high-income bracket and stagnation at the lower wage bracket.

Wall Street alone contributes 19% of the state revenue, with Silicon Valley generating $7.5 billion in venture capital in 2015. Tourism is also a major contributor with 61 million tourists visiting attraction sites every year.