Personal loans in Paterson, NJ

The roughly 156,452 people who live in Paterson borrow under New Jersey rules; city hall sets no personal-loan rate. State law, rather than federal rules alone, supplies the rate caps and licensing rules that reach Paterson's 156,452 residents. Compare APR, not the interest rate, because the APR folds in most fees on a Paterson loan. The next larger city is Newark, NJ about 13 miles away.

Paterson: the sourced local profile

The figures below are Paterson's own — Census population, land area and coordinates — followed by the New Jersey rules.

• Population: 156,452 residents; Paterson is the 3rd-largest of 323 places in New Jersey (US Census Bureau, Vintage 2023).
• Population trend: Down about 2.1% from the 2020 Census base to the 2023 estimate.
• Change in people: the 2020-to-2023 comparison is a loss of about 3,308 residents.
• Size percentile: Paterson's 156,452 people outrank roughly 99% of the places in New Jersey.
• Land and density: 8.4 square miles of land carry roughly 18,596 residents per square mile.
• By land area: Paterson ranks 26th among New Jersey's 323 places, at 8.4 sq mi.
• Water: Paterson holds about 0.29 square miles, the 87th-largest water area in New Jersey.
• Within New Jersey: about 3.5% of the state's population lives in Paterson.
• National rank: Paterson is 163rd of 19,457 places nationwide.
• Growth rank: Paterson's 2020-to-2023 change ranks 296th of 323 places in New Jersey.
• Versus New Jersey: the state average change is +0.3%, while Paterson moved 2.1%.
• Density rank: Paterson places 9th among New Jersey's places by people per square mile.
• Density vs New Jersey: Paterson's 18,596 people per square mile compare with a state median of 3,448.
• Location: 40.9148, -74.1628 (US Census Bureau Gazetteer).
• Nearest larger cities: Newark (13 mi); Jersey City (15 mi); Yonkers (16 mi); New York (21 mi); Philadelphia (81 mi). A branch is convenient; it is not what sets your APR.
• Smaller communities close by: Prospect Park (2 mi); Haledon (2 mi); Elmwood Park (2 mi), each with its own Census population profile.
• Smaller places within 50 miles: 354 of them.
• At 100 miles: 5 larger Census places fall inside that radius.

Lender access in Paterson

With about 18,596 residents per square mile, Paterson is densely built, and 4 larger Census places sit within 50 miles. Lenders licensed in New Jersey reach Paterson's 156,452 residents online, so the nearest branch is not what sets your APR. The nearest bigger place is Newark, NJ about 13 miles away.

The geography behind Paterson

The Census Gazetteer records 8.4 square miles of land and 0.29 square miles of water within Paterson. Spread across it are roughly 18,596 residents per square mile. The state's population centre of gravity, Newark, is roughly 13 miles away. A 50-mile radius around Paterson takes in 4 places that are larger. Within the same 50 miles lie 354 smaller Census places.

What shapes a Paterson personal loan

In Paterson, a sizable city of about 156,452, the amount is advanced up front and repaid in fixed installments; the city's size does not change the pricing. Federal Truth in Lending rules require a Paterson lender to disclose the APR and finance charge before you sign. A longer term lowers the monthly payment on a Paterson loan but raises total interest, so the smallest payment is not the cheapest loan.

How New Jersey law applies in Paterson

New Jersey has no separate rate rule for Paterson; the sourced rows below are what reach every lender that serves its 156,452 people.

Paterson's place among New Jersey's 323 places

Set beside New Jersey's 323 places, Paterson ranks 3rd by population and holds about 3.5% of the state total. Its 2020-to-2023 change ranks 296th of 323 New Jersey places, putting it near the 8th percentile for growth. At about 18,596 people per square mile, Paterson is the 9th most densely settled place in New Jersey. Within 50 miles sit 354 smaller Census places, alongside the 4 that are larger.