Payday loans in Madison, Wisconsin | finder.com
Madison wisconsin

Compare your loan options in Madison, Wisconsin

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.

Here’s what you should know before you apply for a payday loan in Madison, Wisconsin.

If you have less-than-perfect credit and find yourself in a financial emergency, you might be looking for an alternative to a traditional bank loan. A payday loan could get you through a rough patch, but you’ll need to understand how they work before you apply. If you’re thinking about applying for one, take some time to read our guide.

Our top pick: Jora Installment Loans

  • Min. Loan Amount: $500
  • Max. Loan Amount: $2,600
  • Turnaround Time: 1 to 2 business days
  • Loan Term: Varies
  • Requirements: Must have an active checking account, regular source of income and email address.
  • Quick application process
  • Bad credit OK
  • Financial resources

Our top pick: Jora Installment Loans

Installment loans with repayment terms up to 30 months, depending on your state.

  • Min. Loan Amount: $500
  • Max. Loan Amount: $2,600
  • Turnaround Time: 1 to 2 business days
  • Loan Term: Varies
  • Requirements: Must have an active checking account, regular source of income and email address.
Promoted

What do I need to know about payday loans in Madison?

Payday lenders have to abide by the Wisconsin statutes that regulate the industry whether they offer loan in-store or online. You can borrow the lesser of $1,500 or 35% of your gross monthly income for a period of 90 days or less. Wisconsin doesn’t limit the amount you have out at once provided it totals less than the maximum amount, and there is no limit on how much a lender can charge you in interest.

Before you borrow, read up on all of Wisconsin’s laws

Online lenders offering payday loans in Wisconsin

Updated April 25th, 2019
Name Product Filter Values Max. Loan Amount Turnaround Time Requirements
$35,000
As soon as the next business day
Have a regular source of income. Have a verifiable bank account. Be a US citizen. Be at least 18 years old.
See if you qualify for a loan from a range of lenders with high amounts and flexible terms.
$5,000
1 business day
Must have direct deposit and meet minimum income requirements
Installment loans with competitive rates from a top-rated direct lender.
$2,600
1 to 2 business days
Must have an active checking account, regular source of income and email address.
Installment loans with repayment terms up to 30 months, depending on your state.
$15,000
1 business day
You must be a US citizen or permanent resident, age 18+ and have a regular income.
Apply online with this loan-connection service offering unrestricted short-term loans with fast turnaround.
$10,000
As early as 1 business day
Must have a monthly income of $1,000+ after taxes and valid checking account.
An online connection service for quick cash loans.
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.
Apply for a short-term loan with an easy online application and dedicated customer service.
$250
generally receive the money the next business day
Be 18+ years of age and have a checking account that can accept electronic transfers.
LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see more details for your state.
Varies by state
1 business day
Must be 18+ years old, have a steady source of income and a checking or savings account. Must not be a debtor in bankruptcy.
Quick payday, installment and title loans with no prepayment penalty and a 72-hour satisfaction guarantee. Funds can be loaded on an ACE Elite™ Visa® Prepaid Debit Card.

Compare up to 4 providers

What to consider before applying for a payday loan in Madison

  • Long loan terms. You have up to 90 days to repay your loan. If your lender offers you less, try and negotiate a longer term so you have more time to repay and are less likely to need to roll over your loan or go on a payment plan.
  • You can roll over your loan. If you can’t make the payment deadline set by your lender, you can roll over your loan once. This will likely incur extra fees, but it will give you more time to pay off your debt.
  • Payment plans available. Once every 12 months, you are able to request a payment plan. This breaks the remaining loan balance into four equal chunks that you pay over installments, making it easier to handle large amounts of debt.

Luke's unexpected travel expenses

Luke had to travel out of town, but since he’d already paid all his bills and wasn’t going to get his paycheck for another two weeks, he decided to opt for a payday loan. Luke only needed $250 for his travel expenses so he visited a local store and applied with the help of a lender. After filling out the application, Luke was approved.

He read over the loan contract and found that he would need to pay $62.50 in fees, bringing his total up to $312.50. Luke left a check for the total amount. It was cashed on the due date two weeks later and went through without a problem so Luke didn’t have to pay the $15 non-sufficient funds (NSF) fee.

Ready to apply for a payday loan in Madison?

If you want to apply for a payday loan, you’ll need to have a regular source of income, be at least 18 years old and be a citzen or permanent resident of the US.

Once you’re ready to fill out the application, be prepared to submit some personal information. This includes your Social Security number, your date of birth and information about your employment. This is so lenders can confirm your identity when they issue you a loan.

There are options besides payday loans if you aren’t ready for a loan

Payday loan stores in Madison, Wisconsin

Where you can get a payday loan around Madison

  • Advance America. 2616 E Washington Ave, Madison, WI 53704, USA
  • Advance America. 2831 Parmenter St Ste. #165, Middleton, WI 53562, USA
  • Cash Store. 1111 N Sherman Ave, Madison, WI 53704, USA
  • Cash Store. 1515 Madison Ave, Fort Atkinson, WI 53538, USA
  • Cash Store. 2083 McCoy Rd, Sun Prairie, WI 53590, USA
  • Cash Store. 2401 W Broadway, Monona, WI 53713, USA
  • Check Advance. 2372 Jackson St, Stoughton, WI 53589, USA
  • Check Into Cash. 3046 Fish Hatchery Rd Suite A, Fitchburg, WI 53713, USA
  • Check ‘N Go. 2103 Zeier Rd, Madison, WI 53704, USA
  • Check ‘N Go. 512 Grand Canyon Dr, Madison, WI 53719, USA
  • Citizens Finance. 1765 Thierer Rd, Madison, WI 53704, USA
  • Loanmax Title Loans. 3066 E Washington Ave, Madison, WI 53704, USA
  • National Quik Cash. 2925 E Washington Ave, Madison, WI 53704, USA
  • PLS Check Cashing & Transportation Services. 1907 S Park St, Madison, WI 53713, USA
  • PLS Check Cashing & Transportation Services. 2722 E Washington Ave, Madison, WI 53704, USA
  • Rehabilitation Loans. 215 Martin Luther King Jr Blvd, Madison, WI 53703, USA
  • Wisconsin Auto Title Loans, Inc. 3059 E Washington Ave, Madison, WI 53704, USA

How much will a payday loan cost me?

How much a loan ends up costing depends on how much you borrow and what the terms of the loan contract are. Because Wisconsin sets the limit you can borrow at either $1,500 or 35% of your gross monthly income, total loan costs vary from person to person. In addition to these variables, Wisconsin doesn’t set a limit on how much a lender can charge you in financing fees and interest. This means one lender could charge 10% and another could charge 25%.

Because so much of the cost is dependent on the person getting the loan, the best way to know how much a loan will cost is to read your loan contract carefully. If you don’t like what you’re offered, compare other lenders to find a deal better suited to your needs and income.

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*
CashNetUSA Loan

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

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.

LendYou Short-term Loans

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

Go to site