Arizona Payday Loans

Compare your loan options in Arizona

Looking for a short term 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-dollar loan you might have considered a payday loan. Read through our guide to find out about payday lending in Arizona.

Are payday loans legal in Arizona?

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 as of July 1, 2010.

However, the change in law did not mean that all short term lenders had to close up shop. Some businesses continued operations by offering other products and services that are permitted by the state law, such as installment loans. Lenders can no longer advertise availability of short term loans in the state, 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 all the fine print) before signing anything. It’s also a good idea to have a solid plan to pay back your loan, so you don’t find yourself needing to borrow more money to repay debt.
The hidden consequences of payday loans

Installment loans you could apply for

Installment loans are legal in Arizona and have to be repaid in equal installments over a fixed loan term. Like short term loans, you can apply even if you have less than perfect credit. Also like short term loans, there are some risks you should consider when applying.

Rates last updated August 18th, 2017
Name Product Max. Loan Amount Term of Loan Turnaround Time Costs
OppLoans Installment Loans
$4,000
9 to 36 months
1 business day
Depends on state of residency.
Slam Dunk Loans
$2,500
Varies by lender
As soon as next business day
NetCredit Installment Loan
$10,000
Varies upon state
1-3 business days
Total costs will vary based on your state and credit score.
Cash Central Installment Loan
$5,000
6 to 24 months
Next Business Day
Depend on state specific laws as well as the amount of money you borrow.

Compare up to 4 providers

What other options do I have if I need extra cash in Arizona?

While short term loans are off the table, there are other alternatives. These include:

  • Tribal loans. If you live in a state like Arizona where payday loans are illegal, you still have the option of getting one if you go through a tribal lender like SWIFT or Blue Trust Loans. Since these lenders are based on tribal land, they are considered a sovereign entity and are able to abide by their own laws.
  • Short term loans from other states. If you’re in Arizona temporarily but are normally a resident of a state where payday loans are legal, you can consider applying for an online payday loan. To do this you’ll have to provide documented evidence of your residence in another state. Also make sure the lender is backed by the OLA or similar.
  • Pick up side work. Looking for side jobs, selling things online with a service like eBay or LetGo, or signing up to drive with a company like Uber are some of the many ways people get extra cash when they’re in a bind. It’s a great alternative to getting a loan or credit card because there is nothing to repay.

Find out your credit score here

What are the typical costs of an Arizona loan?

No matter what kind of loan you apply for, you will have to pay more than you borrow. If you get any kind of a consumer loan in Arizona you can be certain that the APR will not exceed 36%, but you may also have to pay some authorized fees.

If a check or an electronic payment does not go through because of insufficient funds in your account you may have to pay a non-sufficient funds (NSF) fee. Late payments can also attract penalty fees. If your account reaches collections because of unpaid installments or charges, you may have to pay additional fees.

Have any more questions about Arizona short term loans?

The very high loan costs that borrowers had to bear led to the end of payday lending in Arizona.

No, as short term loans are illegal in Arizona these lenders don’t provide short term loans in this state. However, Check Into Cash provides auto loans in Arizona.

You should contact the Attorney General’s Office.

Where are payday loans available?

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com 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

Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and our Privacy Policy.

US Payday Loans Offers

Learn about our information service
Slam Dunk Loans

Get approved for a cash loan today with this lender matching service offering short term funding. Availability depends on your state of residence.

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

Get a better installment loan repayment terms up to 36 months, depending on your state.

feedback