New York's civil usury limit is 16% and its criminal usury limit is 25%, and the state does not authorize payday lending. State regulators actively pursue unlicensed and online payday lenders. Short-term borrowers rely on credit-union and nonprofit alternatives.
Key limits in New York
- Cost note: 16% civil / 25% criminal usury cap
Figures can change — always confirm current limits with the official source below before borrowing.
Payday loans aren’t available in New York. Here are options you can use instead:
- Credit-union payday alternative loans (PALs)
- Nonprofit emergency assistance programs
- Employer paycheck advances
- Payment plans with creditors
Source: Consumer Federation of America (paydayloaninfo.org) · last verified 2026-07-24 · pending second-source verification
This page is general information, not legal or financial advice. State laws change; verify current rules with your state regulator or the source above.