Payday loans in Boston, MA |
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Compare your loan options in Boston, Massachusetts

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If you’re a resident of Boston and need a little bit of money, payday loans aren’t a good option.

Because payday loans are illegal in Massachusetts, residents of Boston can’t apply for a payday loan, even if the lender is online. You’ll need to read our article for other options that can help you get the money you need legally and without the high levels of debt payday loans are known to cause.

Why can’t I get a payday loan in Boston?

Providers of all small loans in Boston have to abide by the General Laws of Massachusetts 140-96 et. seq. as well as 209 Code of Massachusetts Regulations 26.01 and 45:14(8). Because lenders can’t charge above 23% in interest, payday lenders don’t conduct business in the state.

You can learn more about Massachusetts payday loan law here

Here’s a list of lenders offering installment loans

Before you apply, confirm the lender operates in Massachusetts.

Rates last updated June 19th, 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.
1 business day
Open to residents of AL, AK, AZ, CA, DE, FL, GA, ID, IL, IN, KS, KY, MI, MN, MO, MS, NE, NV, NM, OH, OK, OR, SC, TN, TX, UT, VA, WI and WY. Must have direct deposit and meet minimum income requirements.
CashUSA Installment Loans
As early as 1 business day
Monthly income of $1,000+ after taxes and valid checking account.
Slam Dunk Loans
Potentially get approved for a short-term loan through this lender-connection service, even with poor credit history.
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.
With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.
Depending on lender requirements, people from all 50 states may not be eligible for a personal loan.
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.
Blue Trust Loans Installment Loans
Get an installment loan from an online tribal lender. Perks for returning borrowers.
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.
HonestLoans Installment Loans
Get a flexible installment loan with fast funding through one easy online application form.
As soon as one business day
Must be employed and receive regular income, earn at least $800 a month, have a checking account and be an 18+ years old legal US citizen.
MaxLend Installment Loans
Get up to $1,000 as a first-timer, with loans of up to $2,000 and lower APRs for repeat borrowers.
As soon as the next business day
Must be at least 18 years old and a US citizen, have a valid bank account and provide a verifiable source of income.

Compare up to 4 providers

How else can I get money in Boston?

Some of your options include

  • Installment loans. Online installment loans have longer terms than payday loans and don’t require good credit. You’ll want to confirm that the lender isn’t charging you more interest than is legally allowed before you sign a loan contract.
  • Tribal loans. Getting a short term loan may still be possible if you go through a tribal lender. These are based on tribal lands, meaning the loans are made by a sovereign nation and not subject to Massachusetts law.
  • Local assistance programs. If you’re not in a rush to get money but are still struggling to make ends meet, Massachusetts has programs like the Transitional Aid to Families with Dependent Children (TAFDC) and the Supplemental Nutrition Assistance Program (SNAP).

You can find more alternatives on our page here

Why are payday loans illegal?

Because payday lenders tend to charge much more than the 23% cap on interest set by Massachusetts legislature, there are no payday stores in the state. This is mainly to protect consumers from the predatory practices of lenders in other states. Payday loans are known to trap people in debt, and so many states like Massachusetts are moving to banning or highly regulating the industry.

Where to find cash advance loacations in Boston, MA

Cash advance locations near you in Boston, MA

If you’d like to visit a physical location to see services available to you, here are some of your options:

  • Boston Payday Loan Solution. 259 Main St, Boston, MA 02129
  • Boston Checkcashers. 666 American Legion Hwy, Roslindale, MA 02131
  • All Checks Cashed. 595 Washington St, Boston, MA 02124
  • Forest Hills Check Cashing. 3720 Washington St, Jamaica Plain, MA 02130
  • PLS Check Cashing. 508 Geneva Ave, Dorchester, MA 02122
  • Boston Checkcashers Inc. 610 Blue Hill Avenue, Dorchester, MA 02121
  • Boston Express Multi Services. 3116 Washington St, Roxbury, MA 02119
  • All Checks Cashed. 282 Centre St, Boston, MA 02130
  • South Boston Check Cashing Inc. 309 Old Colony Ave, South Boston, MA 02127
  • PLS Check Cashing. 781 Tremont St, Boston, MA 02118
  • VeriLync Capital Solutions. 201 Washington St #2601, Boston, MA 02108
  • International Cash Management Corporation. 60 State St, Boston, MA 02109
  • PLS Check Cashing. 19 Maverick Square, East Boston, MA 02128
  • Central Square Check Cashing. 230 Meridian St, East Boston, MA 02128

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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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