Payday loans in Boston, MA | finder.com
Boston Cityscape

Compare your loan options in Boston, Massachusetts

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

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

Unlike payday loans, installment loans come with longer repayment terms and more affordable interest rates. Though, they’re not necessarily low-cost either.

Before you apply, confirm the lender operates in Massachusetts.

Updated May 20th, 2019
Name Product Filter Values Max. Loan Amount Turnaround Time Requirements
$5,000
1 business day
Direct deposit, meet minimum income requirements
Comes with the option to change your due date so you won’t fall behind on repayments.
$2,600
1 to 2 business days
Active checking account, regular source of income, email address
Get access to tools to help you plan a career move, make some extra cash or search for a better-paying job.
$2,500
1 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.
Get a flexible installment loan with fast funding through one easy online application form.
$2,500
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.
Get an installment loan from an online tribal lender. Perks for returning borrowers.
$15,000
1 business day
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
$10,000
As early as 1 business day
$1,000+ monthly income after taxes, valid checking account
Explore its online education center to get tips on budgeting, how to prioritize your bills and more.
Varies by state
1 business day
Regular source of income, bank account, US citizen or permanent resident, ages 18+
Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.

Compare up to 4 providers

How else can I get money in Boston?

Three 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

Frequently asked questions

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

US Payday Loans Offers

Important Information*
Logo for CashNetUSA Loan
CashNetUSA Loan

Apply for a short-term loan with an easy online application and dedicated customer service.

Logo for Check into Cash Payday Loan
Check into Cash Payday Loan

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

Logo for OppLoans Installment Loans
OppLoans Installment Loans

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

Logo for LendYou Short-term Loans
LendYou Short-term Loans

Apply online with this loan-connection service offering unrestricted short-term loans with fast turnaround.

Go to site