Personal loans in Passaic, NJ

From the 2020 Census base to the 2023 estimate, the population declined by about 2.3%. In Passaic, one of 323 Census places in New Jersey, the figure to compare across lenders is the APR, not the advertised rate.

By the Personalloaner Editorial Team · Last updated 2026-09-16

Compare loan offers Run the numbers first

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

The Census estimates 68,903 residents in Passaic, which ranks it 10th of 323 places in New Jersey. The next larger city is Clifton, NJ about 2 miles away. Consumer lending that reaches Passaic's 68,903 residents is governed by New Jersey statute; no city ordinance changes it. Compare APR, not the interest rate, because the APR folds in most fees on a Passaic loan.

Borrowing in Passaic: the local picture

Read the local figures below as context; read the sourced New Jersey table as the rulebook a lender here must follow.

Passaic on the map

The Census Gazetteer records 3.1 square miles of land and 0.11 square miles of water within Passaic. With 68,903 residents, the land area yields roughly 21,993 people per square mile. Newark, the largest place in New Jersey, is about 9 miles from Passaic. A 50-mile radius around Passaic takes in 13 places that are larger. Within the same 50 miles lie 348 smaller Census places.

The anatomy of a Passaic personal loan

A Passaic personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 68,903 residents. A lender serving Passaic's 68,903 residents must disclose the APR and finance charge in writing before you sign. A longer term lowers the monthly payment on a Passaic loan but raises total interest, so the smallest payment is not the cheapest loan.

The state rulebook for Passaic

These are New Jersey's sourced lending facts as they reach Passaic's 68,903 residents; the state has no city-level rate rule.

RuleDetailSource
State lending regulatorNew Jersey Department of Banking and Insurance (DOBI); Office of Consumer Finance supervises consumer lenders
Source says: "The Office of Consumer Finance regulates 16 types of businesses that provide a variety of consumer financial services."		New Jersey Department of Banking and Insurance
as of 2026-09-16
Maximum legal interest rate (usury cap)Civil usury: rates above 6% (agreement not in writing) or above 16% (written contract specifying the rate)
Source says: "the civil usury rate is any interest rate greater than 6 percent for an agreement that is not in writing"		New Jersey Department of Banking and Insurance
as of 2026-09-16
Payday lending statusUnlicensed payday lending violates New Jersey's civil and criminal usury rates; payday lenders must be licensed
Source says: "out-of-state or foreign entities that have not obtained the required New Jersey license and whose payment terms violate New Jersey's civil and criminal usury rates"		New Jersey Department of Banking and Insurance
as of 2026-09-16

How Passaic compares across New Jersey

Within New Jersey, Passaic holds roughly 1.6% of all residents, the 10th-largest share among 323 places. On the 2020-to-2023 trend, Passaic stands 302nd among New Jersey's 323 places — roughly the 7th percentile. Its roughly 21,993 residents per square mile place it 7th among New Jersey's places. By land area, its 3.1 square miles rank 97th of 323 places in New Jersey.

A practical checklist for Passaic borrowers

Before you hand your details to a lender in Passaic, where the population is near 68,903:

  1. Check all three credit reports for mistakes, because an error you fix now is a lower rate later.
  2. Price the payment first with our personal loan calculator before any lender quotes you.
  3. Collect three or more offers and compare them on APR, not on the advertised rate.
  4. Confirm the New Jersey licence with the regulator named above before committing.
  5. If the balances are already a strain, seek nonprofit credit counselling before adding a loan.
  6. Look for an origination fee or prepayment penalty in the written disclosure.
  7. Test the payment against your current bills before you commit.

In Passaic as elsewhere in New Jersey, the written terms — not the advertisement — are what count for its 68,903 residents.

Compare personal loan offers Run the numbers first

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Common questions

What are my options in Passaic if my credit is poor?
Borrowing is still possible, but expect a higher APR and a smaller approved amount. Lenders that accept lower scores hold statewide licences, so what is open to you in Passaic is the same as anywhere in New Jersey.
What loan size can I expect in Passaic?
Most personal loans sit somewhere between $1,000 and $50,000, though the figure you are approved for turns on the lender, your income and your credit. Model the monthly payment first with our personal loan calculator.
Do I have to pledge anything to borrow in Passaic?
For an unsecured personal loan, no — there is nothing to pledge. A secured loan, such as home equity or one secured by a vehicle, does require collateral, and default puts that asset at risk.
Does comparing loans in Passaic cost me credit score points?
Not during pre-qualification, which normally uses a soft pull and leaves your score alone. Submitting a full application triggers a hard inquiry, which can trim a few points briefly.

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