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Are payday loans permitted in your state?

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

Regulations for payday loans vary greatly from state to state. Some states, like Oregon, place practically no restrictions on payday loans, while other states ban them entirely. The regulations of your state have a huge effect on what lenders can charge. As a borrower, it’s important for you to be aware of these regulations and to make sure your loan has the right terms and fees dictated by law.

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    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 MexicoNo175%N/AMinimum maturity period of 120 daysN/AN/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 a 31-day loanN/A
    PennsylvaniaNoN/AN/AN/AN/A$9.50 per $100 per year for interest, plus a 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 either $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.

    Is it possible to get a payday loan from a different 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 March 25th, 2019
    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
    Must have direct deposit and meet minimum income requirements
    Jora Installment Loans
    Installment loans with repayment terms up to 30 months, depending on your state.
    1–2 days
    Must have an active checking account, regular source of income and email address.
    LendYou Short-term Loans
    Apply online with this loan-connection service offering unrestricted short-term loans with fast turnaround.
    1 business day
    You must be a US citizen or permanent resident, age 18+ and have a regular income.
    CashUSA Installment Loans
    A connection service for quick cash loans up to $10,000.
    As early as 1 business day
    Must have a monthly income of $1,000+ after taxes and valid checking account.
    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.
    ACE Cash Express Short-term Loans
    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.
    Varies by state
    Generally receive the money the next 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.
    LendUp Payday Loans
    LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see more details for your state.
    generally receive the money the next business day
    Be 18+ years of age and have a checking account that can accept electronic transfers.

    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 consider with a payday loan. In most states that regulate payday loans, you’ll find the APR is restricted. Otherwise, a lender may be able to charge as much as it wants. Make sure you know the total cost of a loan before you borrow.

    Some states also impose restrictions on the percentage lenders may charge based on how much you borrow or in the total amount you can be charged in a year. These regulations usually only apply to interest rates, meaning a lender can charge fees on top of the interest rate or for refinancing your loan.

    These fees have been regulated in some states, but in others they remain at the discretion of the lender.

    You can learn more about all the ins and outs of payday lending

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

    States impose limits on loan amounts and terms. 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. This means that a typical loan term will be two to four weeks, and many states have minimum and maximum terms. The length of your loan has a huge impact on the amount of interest you’ll end up paying. Make sure the amount you’re borrowing and the payment plan aligns with your budget as well as the prevailing state regulations.

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    6 Responses

    1. Default Gravatar
      KelleySeptember 11, 2018

      I live in Iowa and I have 2 payday loans. One is for $1500 and I pay $117.52 for 9 months and the other one is for $500 and I pay $75.11 for 7 months. This is killing me. I have already paid $1500 back. What can I do?

      • finder Customer Care
        JoshuaSeptember 12, 2018Staff

        Hi Kelley,

        Thanks for getting in touch with finder. I hope all is well with you. :)

        Payday loans come with a great interest rate. It is easy to get approved, but it is riskier compared to traditional lenders. Payday loans are heavily regulated in Iowa. What I can suggest is you ask the proper authority if you are getting a legal interest rate.

        Another suggestion is for you to renegotiate your loan terms. Most lenders would rather get something than nothing. So, it’s worth a try.

        I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

        Have a wonderful day!


    2. Default Gravatar
      MarybethJune 16, 2018

      hello, I live in Tennessee. I have 4 payday loans (I know, dumb) I know the interest rate is 459 but a few of my loans are over 500% apr. I am close to defaulting on these loans bc I’m drowning. is there any way out of them?

      • Default Gravatar
        joelmarceloJune 16, 2018

        Hi Marybeth,

        Thanks for leaving a question on finder.

        Consolidating your debt could make your life a lot easier by putting it all in one place. Use this guide to learn when consolidation can free up your budget, what types of debt you can consolidate and what your other options for getting out of debt are.


    3. 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

      • finder Customer Care
        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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