Learn what regulations apply to payday loans in your state and what your alternatives are.
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?
Compare payday loans in your state
Payday lending regulations by state
|State||Legal||APR Regulations||Max Loan Amt||Loan Terms||Cost per $100||Small Loan Rate Cap|
|Alabama||Yes||456.25%||$500||10 – 31 days||$17.50||N/A|
|Alaska||Yes||520%||$500||Min: 14 days||$20||N/A|
|Arizona||No||N/A||N/A||N/A||N/A||36% per year plus 5% fee|
|Arkansas||No||N/A||N/A||N/A||N/A||17% per year|
|California||Heavily Regulated||459%||$300||Max: 31 days||$17.65||N/A|
|Colorado||Heavily Regulated||N/A||$500||Min: 6 Months||$7.50||N/A|
|Connecticut||No||N/A||N/A||N/A||N/A||30.03% APR or $17 per $100 up to $600; $11 per $100 up to $1,800; add-on interest|
|Delaware||Yes||No Limit||$500 per loan, $1,000 max per borrower at a one time||Max: 60 days||No Limit||N/A|
|Georgia||No||N/A||N/A||N/A||N/A||16% per year (10% per year discounted plus fees); 60% per year criminal usury cap|
|Hawaii||Heavily Regulated||459%||$600||Max: 32 days||$17.65||N/A|
|Idaho||Yes||No Limit||$1,000||Not Specified||N/A||N/A|
|Illinois||Heavily Regulated||403%||lesser of $1000 or 25% gross monthly income||13-45 days||$15.50||N/A|
|Indiana||Heavily Regulated||390%||$550 or 20% of gross monthly income||Min: 14 days||$15||N/A|
|Iowa||Heavily Regulated||433%||$500||Max: 31 days||$16.67||N/A|
|Kansas||Heavily Regulated||390%||$500||7-30 days||$15||N/A|
|Kentucky||Heavily Regulated||459%||$500||14-60 days||$17.65||N/A|
|Louisiana||Heavily Regulated||780%||$350||60 days or less||$30||N/A|
|Maine||Heavily Regulated||N/A||N/A||N/A||N/A||30% 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.|
|Maryland||No||N/A||N/A||N/A||N/A||2.75% per month; 33% per year.|
|Massachusetts||No||N/A||N/A||N/A||N/A||23% plus $20 administrative fee upon the granting of a loan|
|Michigan||Heavily Regulated||390%||$600||Max: 31 days||$15||N/A|
|Minnesota||Heavily Regulated||390%||$350||Max: 30 days||$15||N/A|
|Mississippi||Heavily Regulated||520%||$500||Under $250: maximum of 30 days; $250-$500: 28-30 days||$20||N/A|
|Montana||Heavily Regulated||36%||$300||Max: 31 days||$1.39||N/A|
|Nebraska||Heavily Regulated||459%||$500||Max: 34 days||$17.65||N/A|
|Nevada||Yes||No Limit||25% of expected gross monthly income||Max: 35 days; up to 90 days allowed if the initial agreement provides for installment payments and is not subject to extension||No Limit||N/A|
|New Hampshire||Heavily Regulated||36%||$500||7-30 days||$1.38||N/A|
|New Jersey||No||N/A||N/A||N/A||N/A||30% per year|
|New Mexico||Yes||416%||$2,500||14 to 35 days, can be shorter by written agreement||$16||N/A|
|New York||No||N/A||N/A||N/A||N/A||25% per year|
|North Carolina||No||N/A||N/A||N/A||N/A||36% per year|
|North Dakota||Yes||520%||$500||Max: 60 days||$20||N/A|
|Ohio||Heavily Regulated||28%||$500||Min: 31 days||$1.08||N/A|
|Oklahoma||Heavily Regulated||390%||$500||12-45 days||$15||N/A|
|Oregon||Yes||156%||Not specified||Min: 31 days||$13 for 31 day loan||N/A|
|Pennsylvania||No||N/A||N/A||N/A||N/A||$9.50 per $100 per year interest, plus service charge of $1.50 per $100 per year.|
|Rhode Island||Yes||260%||$500||Min: 13 days||$10||N/A|
|South Carolina||Yes||390%||$550||Max: 31 days||$15||N/A|
|South Dakota||Yes||No Limit||$500||Not Specified||No Limit||N/A|
|Tennessee||Yes||459%||$425($500 check)||Max: 31 days||$17.65||N/A|
|Texas||Heavily Regulated||309.47%||Not specified||7-31 days||$11.87||N/A|
|Utah||Yes||No Limit||No Limit||May not exceed 10 weeks||No Limit||N/A|
|Vermont||No||N/A||N/A||N/A||N/A||18% per year|
|Virginia||Heavily Regulated||687.76%||$500||Min: 2 pay periods||$26.38||N/A|
|Washington||Heavily Regulated||390%||$700 or 30% of gross monthly income, whichever is less||Max: 45 days||$15||N/A|
|West Virginia||No||N/A||N/A||N/A||N/A||31% per year on a loan of $2,000 or less|
|Wisconsin||Yes||No Limit||Lesser of $1,500 including fees or 35% gross monthly income||90 days or less||$30||N/A|
|Wyoming||Yes||780%||Not Specified||1 calendar month||No Limit||N/A|
|Washington DC||No||N/A||N/A||N/A||N/A||24% 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.
- You can consider applying for an installment loan. These are for similar amounts as payday loans but they are repaid over a longer term, say 24 months.
- Auto title loans also fall outside the scope of payday regulations. These loans involve you handing over your car’s title in return for a loan. Payment terms vary but can be as little as one month or as long as 24 months.
- Explore even more alternatives to payday loans.
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.
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.
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
How many payday loans can you have at once?
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.
How fast can I get a payday loan?
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.
Can I get a payday loan with bad credit?
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.