Compare payday loans in Alabama |

Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Compare payday loans in Alabama

Though short-term loans are legal, watch out for high costs.


Fact checked

Editor's choice: OppLoans Installment Loans

OppLoans Installment Loans logo
  • APR starting at 4.66%
  • Funding as soon as the next business day
  • Accepts fair credit
Check my rate

While payday loans are legal in Alabama, the high rates and fees often lead to APRs in the triple digits. Before you borrow, make sure you can afford repayments to avoid ending up in a cycle of debt.

Data updated regularly
Name Product Filter Values Loan amount Turnaround time Requirements
OppLoans Installment Loans
$500 - $5,000
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.
Check Into Cash Payday Loan
$50 - $1,000
1 to 2 business days
Bank account, email address, phone number, US citizen or permanent resident, ages 21+
Plus, get access to check cashing, cell phone top ups, bill pay and more at one of its many storefronts.
Pheabs installment loan connection service
$100 - $35,000
As soon as next business day
Fair credit accepted
Fast5kLoans Short-term Loans Connection Service
$100 - $35,000
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.
Monevo Installment Loans
$500 - $100,000
Varies by lender
Credit score of 500+, legal US resident, ages 18+
Quickly compare multiple online lenders with competitive rates depending on your credit.

Compare up to 4 providers

Can I get a payday loan in Alabama?

Yes, payday loans are legal in Alabama and governed by state statute 5-18A-1 et seq. The laws are the same for both storefront locations and online lenders, and lenders are required to have a valid license when operating in Alabama.

The maximum amount payday lenders are allowed to offer is $500 with a maximum APR of 456.25%. Terms can range from 10 to 31 days, and you can roll over your loan once.

More regulations coming soon

Because payday loans come with such high costs that can be difficult to pay back on schedule, borrowers often find themselves in a cycle of debt — having to borrow more to pay back their current loan. Because of this, Alabama lawmakers are considering limiting the number of payday loans you’re able to borrow per year. This isn’t set to change for another few years, but keep an eye out.

Compare payday loan alternatives in Alabama

What will I have to pay for a loan?

Whenever you borrow money from a payday lender, expect to pay high rates and fees. You may also be charged a fee for making a late payment or extending your loan term.

  • Financing fees: Payday lenders in Alabama can charge 17.5% of the amount you borrow in financing fees. The maximum charge for a 14-day $100 loan cannot exceed $17.50.
  • Nonsufficient funds (NSF) fees: A lender can charge you a $30 NSF fee if there are insufficient funds in your account when it cashes your check or attempts to withdraw the owed amount from your bank account.
  • Default fees: A lender can charge 3% per month if you default on the loan, beginning on the date of default.
  • Loan extension fees: You can extend your payday loan with your lender once. You might have to pay a fee for the new deferred transaction.
  • Collection fees: Lenders can charge court costs as well as reasonable attorney’s fees limited to 15% of the check’s face value.

What should I consider before getting a payday loan?

Payday loans can be dangerous if you aren’t prepared for the high fees that come with them. As with all credit products, be sure you can repay what you borrow before you sign a contract.

If you’re just struggling to cover day-to-day expenses, state programs like the Alabama Department of Human Resources Food Assistance Division, Alabama Medicaid Agency, Low Income Home Energy Assistance Program (LIHEAP) and Debt Reduction Services may be able to help.

Don’t forget to look into alternatives to a payday loan before you apply

Common application criteria

While eligibility criteria vary by lender, you typically need to meet the following requirements:

  • Steady source of income
  • At least 19 years old
  • US citizen or permanent resident

When applying, you’ll likely have to provide personal information, including your Social Security number and bank account details. Have these and other documents — like your government-issued ID — on hand to speed up the application process.

Minimum age to get a loan in Alabama

Alabama’s minimum age to take out a loan is 19 — compared to 18 in most other states. If you’re 18 years old and need a loan in Alabama, you’ll have to wait until your next birthday or apply for a loan with a cosigner.

Payday loan locations in Alabama

Bottom line

While payday loans are legal in Alabama, they’re best saved as a last resort due to the high costs and short terms. You can learn more about how they work with our guide to payday loans.

Frequently asked questions

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

2 Responses

    Default Gravatar
    JrodMarch 18, 2017

    If I live in Georgia can I go to Alabama and get a payday loan and if I can which is a good company?

      Avatarfinder Customer Care
      HaroldJuly 13, 2017Staff

      Hi Jrod,

      Thank you for your inquiry.

      Generally, you can can get a loan from the the state where you have the permanent residency. You can always clarify this with your preferred lender in Alabama for further verification.

      I hope this information has helped.


Go to site