Can you actually get a payday loan in Arizona? | finder.com
Arizona Payday Loans

Compare your loan options in Arizona

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Looking for a payday loan in Arizona? Here’s what you need to know.

Maybe you’ve hit a small snag and need a little extra cash to get you to your next payday. If you’re living in Arizona and looking for a small loan, you might have been considering a payday loan, but you’ll need to consider other options.

Our top pick: OppLoans Installment Loans

  • Min. Loan Amount: $500
  • Max. Loan Amount: $5,000
  • Turnaround Time: 1 business day
  • Loan Term: 9 to 36 months
  • Requirements: Direct deposit, meet minimum income requirements
  • Easy online application
  • Quick approval
  • Fast funding
  • Long repayment terms

Our top pick: OppLoans Installment Loans

Comes with the option to change your due date so you won’t fall behind on repayments.

  • Min. Loan Amount: $500
  • Max. Loan Amount: $5,000
  • Turnaround Time: 1 business day
  • Loan Term: 9 to 36 months
  • Requirements: Direct deposit, meet minimum income requirements
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Are payday loans legal in Arizona?

No, payday loans are no longer legal in Arizona. The law that permitted payday loans in Arizona expired on June 30, 2010, and consumer loans with annual percentage rates (APRs) over 36% became illegal on July 1, 2010.

However, the change in law doesn’t mean that all short-term lenders had to close. Some businesses continued operations by offering other products and services that are permitted by state law, such as installment loans. Lenders can no longer advertise the availability of short-term loans, with the exception of tribal lenders.

Keep in mind that if you choose to apply for any kind of loan or line of credit, it’s very important read all the paperwork (including the fine print) before committing to a contract. You should have a solid plan to pay back your loan, so you don’t find yourself needing to borrow more money to repay debt.

Installment loans to compare

Updated June 17th, 2019
Name Product Filter Values Max. Loan Amount Turnaround Time Requirements
$5,000
1 business day
Direct deposit, meet minimum income requirements
Comes with the option to change your due date so you won’t fall behind on repayments.
$2,600
1 to 2 business days
Active checking account, regular source of income, email address
Get access to tools to help you plan a career move, make some extra cash or search for a better-paying job.
$50,000
1 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.
Get a flexible installment loan with fast funding through one easy online application form.
$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.
$15,000
1 business day
$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.
$10,000
As early as 1 business day
$1,000+ monthly income after taxes, valid checking account
Explore its online education center to get tips on budgeting, how to prioritize your bills and more.
Varies by state
1 business day
Regular source of income, bank account, US citizen or permanent resident, ages 18+
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 a loan if I need extra cash in Arizona?

While payday loans are off the table, there’s another short-term loan alternative: loan connection services. You could still get a loan through a loan connection service that works to pair you with a suitable lender that operates in your area. These websites have a large network of lenders that offer alternative financing in both small and large dollar amounts.

Or if you have a car you’re willing to put up as collateral, you could get an auto title loan in Arizona.

What are the typical costs of a loan in Arizona?

Lenders in Arizona can’t charge more than 36% APR. However, you need to also consider the possible fees a lender may charge when budgeting for your loan. These include non-sufficient funds (NSF) fees, late charges and possible collection fees if you default.

Payday loan alternatives

You may not need to borrow money from a high-cost lender if you’re able to make extra cash or get a no-interest loan from a loved one.

  • Pick up side work. Looking for side jobs or selling things online with a service like eBay or LetGo are some of the many ways people get extra cash when they’re in a bind.
  • Ask for a loan from family or friends. If you’re in a bad financial situation, you might want to consider asking someone close to you for a little bit of help. They’re unlikely to charge interest, and you have a longer repayment period.
  • Government assistance. If you’re looking for an option that doesn’t require you borrow money, you may want to look into some Arizona assistance programs. Cash Assistance Program and the Low Income Home Energy Assistance Program (LIHEAP) can help you make your bills more affordable.

Even more payday loan alternatives to explore

Bottom line

If you’re in need of some extra money, payday loans may be off the table, but there are plenty of other options for you to consider in Arizona. As with all loans, be sure you have the ability to repay what you borrow. Creating a budget can help you determine how much you can afford.

Have any more questions about Arizona short-term loans?

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