Payday Loans in your state

Are payday loans permitted in your state?

Learn what regulations apply to payday loans in your state and what your alternatives are.

Regulations for payday loans vary greatly state to state. If you’re a resident of Delaware you can borrow up to $1,000 and have up to 60 days to repay it, while Alaskan borrowers can only borrow $500 and need to pay it back within two weeks. Borrowers in Arizona, Arkansas, and New York will find that payday loans are completely prohibited in their state. The regulations have a huge effect on what lenders can charge and it’s also important for you, as a borrower, to be aware of the regulations and make sure your loan has the right terms, fees, and amount applied.
LendUp Payday Loans

LendUp Payday Loans

Apply for a payday loan conveniently online and borrow between $100 and $250.

  • Min. loan amount: $100
  • Loan term: 7–30 days
  • Total costs: Depends on your state, loan product, loan amount and the term of the loan.
  • Must be 18+ (19+ in Alabama)
  • No security deposit needed
  • Confidential and secure
  • Visit the site to see if available in your state

    Are payday loans available in your state?

    Payday lending regulations by state

    StateLegalAPR RegulationsMax Loan AmtLoan TermsCost per $100Small Loan Rate Cap
    AlabamaYes456.25%$50010 – 31 days$17.50N/A
    AlaskaYes520%$500Min: 14 days$20N/A
    ArizonaNoN/AN/AN/AN/A36% per year plus 5% fee
    ArkansasNoN/AN/AN/AN/A17% per year
    CaliforniaHeavily Regulated459%$300Max: 31 days$17.65N/A
    ColoradoHeavily RegulatedN/A$500Min: 6 Months$7.50N/A
    ConnecticutNoN/AN/AN/AN/A30.03% APR or $17 per $100 up to $600; $11 per $100 up to $1,800; add-on interest
    DelawareYesNo Limit$500 per loan, $1,000 max per borrower at a one timeMax: 60 daysNo LimitN/A
    FloridaYes419%$5007-31 days$16.11N/A
    GeorgiaNoN/AN/AN/AN/A16% per year (10% per year discounted plus fees); 60% per year criminal usury cap
    HawaiiHeavily Regulated459%$600Max: 32 days$17.65N/A
    IdahoYesNo Limit$1,000Not SpecifiedN/AN/A
    IllinoisHeavily Regulated403%lesser of $1000 or 25% gross monthly income13-45 days$15.50N/A
    IndianaHeavily Regulated390%$550 or 20% of gross monthly incomeMin: 14 days$15N/A
    IowaHeavily Regulated433%$500Max: 31 days$16.67N/A
    KansasHeavily Regulated390%$5007-30 days$15N/A
    KentuckyHeavily Regulated459%$50014-60 days$17.65N/A
    LouisianaHeavily Regulated780%$35060 days or less$30N/A
    MaineHeavily RegulatedN/AN/AN/AN/A30% per year on amounts up to $2,000 or a fee of $5 for amounts financed up to $75; $15 for amounts financed $75.01-$249.99; or $25 for amounts financed of $250 or more.
    MarylandNoN/AN/AN/AN/A2.75% per month; 33% per year.
    MassachusettsNoN/AN/AN/AN/A23% plus $20 administrative fee upon the granting of a loan
    MichiganHeavily Regulated390%$600Max: 31 days$15N/A
    MinnesotaHeavily Regulated390%$350Max: 30 days$15N/A
    MississippiHeavily Regulated520%$500Under $250: maximum of 30 days; $250-$500: 28-30 days$20N/A
    MissouriYes1950%$50014-31 days$75N/A
    MontanaHeavily Regulated36%$300Max: 31 days$1.39N/A
    NebraskaHeavily Regulated459%$500Max: 34 days$17.65N/A
    NevadaYesNo Limit25% of expected gross monthly incomeMax: 35 days; up to 90 days allowed if the initial agreement provides for installment payments and is not subject to extensionNo LimitN/A
    New HampshireHeavily Regulated36%$5007-30 days$1.38N/A
    New JerseyNoN/AN/AN/AN/A30% per year
    New MexicoYes416%$2,50014 to 35 days, can be shorter by written agreement$16N/A
    New YorkNoN/AN/AN/AN/A25% per year
    North CarolinaNoN/AN/AN/AN/A36% per year
    North DakotaYes520%$500Max: 60 days$20N/A
    OhioHeavily Regulated28%$500Min: 31 days$1.08N/A
    OklahomaHeavily Regulated390%$50012-45 days$15N/A
    OregonYes156%Not specifiedMin: 31 days$13 for 31 day loanN/A
    PennsylvaniaNoN/AN/AN/AN/A$9.50 per $100 per year interest, plus service charge of $1.50 per $100 per year.
    Rhode IslandYes260%$500Min: 13 days$10N/A
    South CarolinaYes390%$550Max: 31 days$15N/A
    South DakotaYesNo Limit$500Not SpecifiedNo LimitN/A
    TennesseeYes459%$425($500 check)Max: 31 days$17.65N/A
    TexasHeavily Regulated309.47%Not specified7-31 days$11.87N/A
    UtahYesNo LimitNo LimitMay not exceed 10 weeksNo LimitN/A
    VermontNoN/AN/AN/AN/A18% per year
    VirginiaHeavily Regulated687.76%$500Min: 2 pay periods$26.38N/A
    WashingtonHeavily Regulated390%$700 or 30% of gross monthly income, whichever is lessMax: 45 days$15N/A
    West VirginiaNoN/AN/AN/AN/A31% per year on a loan of $2,000 or less
    WisconsinYesNo LimitLesser of $1,500 including fees or 35% gross monthly income90 days or less$30N/A
    WyomingYes780%Not Specified1 calendar monthNo LimitN/A
    Washington DCNoN/AN/AN/AN/A24% per year

    Alternatives if payday loans are illegal in your state

    • You won’t be able to apply for a payday loan online as lenders still have to confirm your state of residence.

    Can you get a payday loan in another state?

    Payday loan options in states where they’re permitted

    Here are some short term lenders you can consider. Availability and max amounts may vary based on your state of residence.

    Rates last updated August 23rd, 2017
    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 Maximum Loan Amount Term of Loan Turnaround Time
    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.
    7–30 days
    Generally receive the money the next business day
    Check into Cash Payday Loan
    With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.
    Varies by state
    1–2 business days
    CashNetUSA Loan
    Apply for short term loans, installment loans or lines of credit in 30 states typically with a day’s turnaround.
    Varies by state
    Varies by state
    1 business day
    ACE Cash Express Payday Loans
    Quick short term, installment and title loans come with no prepayment penalty and a 72-hour satisfaction guarantee.
    Varies by state
    Varies by state
    Generally receive the money the next business day
    Check City Payday Loan
    Apply for a fast, secure and confidential payday loan — even with less-than-perfect credit.
    Depends on state of residency
    Varies by state
    Next day

    Compare up to 4 providers

    What are lenders allowed to charge you?

    The Annual Percentage Rate, or APR, is one of the main costs you need to worry about with a payday loan. In most states that regulate payday loans, you’ll find the APR is restricted.

    Restrictions may come in the form of a limit on the percentage lenders can charge based on what you borrow. For instance, in South Carolina lenders aren’t able to charge you more than 15% of the amount you are approved for.

    Another regulation you’ll find is a restriction on the total amount you’re able to be charged per year. In New Hampshire you won’t be charged more than 36% per year for your payday loan. In Idaho and South Dakota no regulations are imposed, so it’s up to the lender how much they want to charge you.

    Keep in mind that the regulations may only apply to the interest rate, so the lender may also impose certain fees. Lenders may charge you for refinancing your loan or for receiving your loan amount through a prepaid debit card.

    These fees have been regulated in some states – in Missouri you won’t have to pay more than 75% of what you borrow back in interest in fees – but in others they remain at the discretion of the lender.

    Find a payday loan to apply for online

    How much you can borrow and how long you have to repay

    States also impose limits on loan amounts and terms. The state with the highest allowable maximum loan amount is Oregon. Oregon borrowers can apply for up to $50,000 with 60 days to repay it, but this is an anomaly. The typical state-imposed maximum being around $500 or 25% of your gross monthly income.

    Payday loans are meant to last until your next payday, hence the name. This means that a typical loan term will be two weeks to one month, a standard most states have kept.

    Many states impose minimum terms of seven or 14 days and maximum terms of 30 or 60 days. Other states, such as Nebraska, have no minimum terms and maximum terms of 34 days. Colorado is one of the only states to extend the payday loan term, with a minimum term of 60 days and no maximum.

    How long you take the loan out for can have a huge bearing on the amount of interest you pay. Term length also affects the ease at which you can budget your payments. Make sure the amount you’re borrowing and the payment plan aligns with your budget as well as the prevailing state regulations.

    Frequently asked questions

    Different lenders will have different policies on simultaneous and consecutive payday loans. Some may have a cooling off period where you can’t take out an additional loan, while others will allow concurrent loans.

    Online payday loans can fund in as little as one business day. You may be able to get a same day payday loan if you apply in-person at a storefront.

    Most likely, yes. Payday lenders tend to look at your ability to repay the loan rather than your credit score. There are even those that don’t run a credit check with the three major credit bureaus.

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    2 Responses

    1. Default Gravatar
      EricaMarch 11, 2017

      Im in Florida and I currently have 3 out of state online loans and I want to know IG that is legal I have one where I borrowed 150 and I have to pay 52.17 for 16 months and I have another where I borrowed 300 and I have to pay 92.35 for 14 months is this legal and are they legit

      • Staff
        HaroldJuly 18, 2017Staff

        Hi Erica,

        Thank you for your inquiry.

        Payday loans in Florida are legal. Florida Statutes Chapters 560.402 to 560.408 govern the functioning of payday lenders. The law refers to these loans as deferred payment transactions, where lenders provide funds in exchange for checks from borrowers, which they agree to hold for predetermined deferment periods. The laws state that the maximum you can borrow is $500, while the loan term can vary in between 7 and 31 days.

        I hope this information has helped.


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    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

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