Payday loans in Annapolis, Maryland | finder.com
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Compare your loan options in Annapolis, Maryland

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If you’re looking for a payday loan in Annapolis, you’ll have to look elsewhere.

If you’re in a tight spot and need a little extra cash to get by, you may be thinking about taking out a payday loan. Unfortunately, payday loans are illegal in Maryland, but you do have other options to get you through rough times.

So I can’t get a payday loan in Annapolis?

No. Undary Maryland Commercial Law 12-101 et. seq., payday loans are prohibited in all forms, including in-store and online.

If you’re looking for a short-term loan in Annapolis, there are laws in place to limit the maximum interest you’ll have to pay. Providers of short-term loans can’t charge more than 2.75% per month or an annual interest rate above 33%.

We outline all of Maryland’s payday loan laws here

Find an installment lender instead

Installment loans are paid back over a period of months, not weeks, making the payments much easier to handle.

Rates last updated October 21st, 2018
Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
Name Product Product Description Max. Loan Amount Turnaround Time Requirements
OppLoans Installment Loans
Installment loans with competitive rates from a top-rated direct lender.
$5,000
1 business day
Must have direct deposit and meet minimum income requirements.
CashUSA Installment Loans
A connection service for quick cash loans up to $10,000.
$10,000
As early as 1 business day
Must have a monthly income of $1,000+ after taxes and valid checking account.
Jora Installment Loans
Installment loans with repayment terms up to 30 months, depending on your state.
$2,600
1–2 days
Must have an active checking account, regular source of income and email address.
CashNetUSA Loan
Apply for a short-term loan with an easy online application and dedicated customer service.
Varies by state
1 business day
You must be a US citizen or permanent resident, be at least 18 years old and have regular income and a bank account.
LendYou Short-term Loans
Apply online with this loan-connection company offering unrestricted short-term loans at high maximums — fast turnaround.
$15,000
1 business day
You must be a US citizen or permanent resident, age 18+ and have a regular income.
Blue Trust Loans Installment Loans
Get an installment loan from an online tribal lender. Perks for returning borrowers.
$2,000
As soon as next business day
Must be at least 18 years old and have a verifiable source of income with direct deposit into your checking account.
Slam Dunk Loans
Potentially get approved for a short-term loan through this lender-connection service, even with poor credit history.
$2,500
As soon as next business day
Must be employed, receive regular income, earn at least $800 a month, have a checking account, be 18+ yrs old and a US citizen.

Compare up to 4 providers

What are some alternatives to payday loans?

There are other options out there. Some you may have tried, but all may be worth looking into:

  • Installment loans. If you have poor or bad credit, you might want to consider applying for an installment loan in the table above. As the name suggests, you repay these loans in installments.
  • Apply at a local bank or credit union. If you’ve been a member of a local bank or credit union for a while, you may be able to get approved for a loan even if you don’t have the best credit. The terms tend to be less stringent, meaning you might be able to take out a small loan with a lower interest rate than an installment loan offers.
  • Find an assistance program. One way to conquer a constant fight with your finances is to seek help from state services. Maryland has a number of programs that can help you, including the Temporary Cash Assistance program, the Food Supplement Program (FSP) and the Emergency Assistance to Families with Children (EAFC).

Here are some non-loan options you can consider

Why has Maryland banned payday loans?

Lawmakers in Maryland don’t allow payday loans because of their high costs. Many lenders charge interest rates in the hundreds–much higher than any other form of credit available on the market. In order to combat what many feel is a predatory system, Maryland keeps payday loans out by keeping the interest rate low. The annual percentage rate (APR) is capped at 33%.

Cash advance locations in Annapolis, Maryland

Cash advance store locations in Annapolis

  • Chextop. 2324 Davidsonville Rd, Gambrills, MD 21054
  • ACE Cash Express. 2012 West St Unit C, Annapolis, MD 21401, USA

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US Payday Loans Offers

Important Information*
Slam Dunk Loans

Potentially get approved for a short-term loan through this lender-connection service, even with poor credit history.

LendUp Payday Loans

LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.

Check into Cash Payday Loan

With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.

OppLoans Installment Loans

Installment loans with competitive rates from a top-rated direct lender.

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