Payday loans in Raleigh, North Carolina | finder.com
raleigh NC

Compare your loan options in Raleigh, North Carolina

This is what you’ll need to know if you’re considering a payday loan in Raleigh, North Carolina.

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 In 2001, the state repealed the North Carolina General Statutes 53-281.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.

You can read all about North Carolina payday loan laws here

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

Rates last updated April 20th, 2018
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 Requirements
OppLoans Installment Loans
Installment loans with competitive rates from a top-rated direct lender.
$4,000
9 to 36 months
1 business day
Open to residents of AL, AK, AZ, CA, DE, FL, GA, ID, IL, IN, KS, KY, MI, MN, MO, MS, NE, NV, NM, OH, OK, OR, SC, TN, TX, UT, VA, WI and WY. Must have direct deposit and meet minimum income requirements.
CashUSA Installment Loans
$10,000
90 days to 72 months
As early as 1 business day
Monthly income of $1,000+ after taxes and valid checking account.
Slam Dunk Loans
Potentially get approved for a short-term loan through this lender-connection service, even with poor credit history.
$2,500
Varies by lender
As soon as next business day
Must be employed, receive regular income, earn at least $800 a month, have a checking account, be 18+ yrs old and a US citizen.
BadCreditLoans.com
With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.
$5,000
3 to 36 months
Varies
Depending on lender requirements, people from all 50 states may not be eligible for a personal loan.
Blue Trust Loans Installment Loans
Get an installment loan from an online tribal lender. Perks for returning borrowers.
$2,000
6 months
As soon as next business day
Must be at least 18 years old and have a verifiable source of income with direct deposit into your checking account.
CashNetUSA Loan
Apply for a short-term loan with an easy online application and dedicated customer service.
Varies by state
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.
HonestLoans Installment Loans
Get a flexible installment loan with fast funding through one easy online application form.
$2,500
Varies by lender
As soon as one business day
Must be employed and receive regular income, earn at least $800 a month, have a checking account and be an 18+ years old legal US citizen.
MaxLend Installment Loans
Get up to $1,000 as a first-timer, with loans of up to $2,000 and lower APRs for repeat borrowers.
$2,000
6 months
As soon as the next business day
Must be at least 18 years old and a US citizen, have a valid bank account and provide a verifiable source of income.

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.

You can browse even more alternative options here

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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US Payday Loans Offers

Important Information*
Slam Dunk Loans

Potentially get approved for a short-term loan through this lender-connection service, even with poor credit history.

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

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.

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