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Compare your loan options in Raleigh, North Carolina

This is what you'll need to know if you're considering a payday loan.


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Editor's choice: OppLoans Installment Loans

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  • Easy online application
  • Quick approval
  • Long repayment terms
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If you’re short on cash and looking for quick funds to get you by, you might be considering a payday loan. Our guide offers other options you might want to consider when you can’t get a payday loan in Raleigh.

Can I get a payday loan in Raleigh?

No. Payday loans are prohibited in North Carolina. In 2001, the state repealed the North Carolina General Statutes 53-281. Amendments that the state have made since have also restricted lenders from offering payday loans or similar options.

All payday lenders that previously operated in Raleigh have either shut up shop or started offering loans in compliance with the new regulations. For example, a small loan provider in Raleigh can’t charge an annual percentage rate (APR) of more than 36% according to the North Carolina General Statutes 53-173, cited as the Consumer Finance Act.

Read all about North Carolina payday loan laws

Why are payday loans illegal in Raleigh?

Because Raleigh must follow the laws of North Carolina and North Carolina has banned the practice, you won’t be able to get a payday loan in the city. This is because many consumer advocate groups and lawmakers consider payday lending a predatory practice designed to keep people in debt. You can find other options below.

Installment loan options you might want to consider

An installment loan has longer repayment terms and lower costs than a payday loan. You’ll find some installment loan providers offer loans in Raleigh, North Carolina.

Data indicated here is updated regularly
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
OppLoans Installment Loans
1 business day
Direct deposit, meet minimum income requirements, live in eligible state
Comes with the option to change your due date so you won’t fall behind on repayments.
CreditLend connection service
Varies by lender
Regular source of income, checking account, not currently involved in bankruptcy or bankruptcy relief
Find a line of credit — even if you don't have a perfect score.
 Check Into Cash Installment Loans
1 to 2 business days
Bank account, email address, phone number, US citizen or permanent resident, ages 21+, $3,500 minimum income in California
Borrow money with lower payments and more time to pay than a traditional payday loan.
Fast5kLoans Short-term Loans Connection Service
As soon as the next business day
Regular source of income, verifiable bank account, US citizen, ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
LendYou Short-term Loans
Same business day to 1 business days
$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.
Possible Finance Mobile Installment Loans
As fast as 1 business day
Checking account with 3+ months of banking history, $750+ monthly income, live in eligible state, ages 18+
Borrow up to $500 with just a few swipes — but only for residents of 5 states.
Depending on lender requirements, people from all 50 states may not be eligible for a personal loan.
With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.
CashNetUSA Loan
Varies by state
As fast as same business day
Regular source of income, bank account, US citizen or permanent resident, age of majority in your state
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 Raleigh?

While payday loans are illegal in Raleigh, you have other options to get money or credit when you need it.

  • Apply for an installment loan. Installment loans have longer terms than payday loans. You pay back what you borrow in equal installments over a set schedule. If you apply for one, remember that the APR can’t be more than 36%.
  • Look into tribal loans. You can find a tribal lender. Since these lenders are based on tribal land, they are considered a sovereign entity and are able to provide loans to residents of North Carolina.
  • Check out local social services. Public assistance programs like the North Carolina Food and Nutrition Services (FNS) and the Crisis Intervention Program can help you when you’re struggling to make ends meet.

Browse even more alternatives in your state

Cash advance locations in Raleigh, NC

Cash advance locations in Raleigh

  • Lendmark Financial Services. 6210 Plantation Center Dr #107, Raleigh, NC 27616
  • Raleigh Durham Check Cashers. 2235 New Hope Church Rd, Raleigh, NC 27604, USA
  • Raleigh Durham Check Cashers. 3225 Capital Blvd, Raleigh, NC 27604
  • Regional Finance. 1829 Capital Blvd Suite 105, Raleigh, NC 27604
  • Picasso Pawn. 1609 Capital Blvd, Raleigh, NC 27604
  • New Southern Loans, Inc. 7041 Knightdale Blvd, Knightdale, NC 27545
  • Dalia Check Cashing. 5525 Western Blvd, Raleigh, NC 27606
  • Plaza West Jewelry & Loan Inc. 133 Jones Franklin Rd, Raleigh, NC 27606
  • Lendmark Financial Services LLC. Lexington Dr, Raleigh, NC 27606
  • Check Cashing Of Raleigh. 1100 Raleigh Blvd, Raleigh, NC 27610
  • New Bern Check Cashing. 1609 New Bern Ave, Raleigh, NC 27610,
  • Check Cashing & More Inc. 1410 New Bern Ave, Raleigh, NC 27610
  • Picasso Pawn. 2609 S Saunders St, Raleigh, NC 27603, USA

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