Payday loans in Delaware |

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Interested in getting a payday loan in Delaware? Our guide has everything you need to know.


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When you’re in need of money between paychecks, you may be considering a payday loan. While these can be good for emergencies, the high interest rates make borrowing risky. We’ll go over all the possible fees and charges, as well as the laws in Delaware, to make sure you know everything you need before you borrow.

How does a payday loan in Delaware work?

Payday loans are legal in Delaware. Delaware Code Title 5 Chapter 22 § 2227 governs payday lenders, which are required to be licesned in order to service loans.

Here are the seven basic rules surrounding payday loans in Delaware.

  1. Maximum loan amount: $500 per loan, $1,000 total
  2. Minimum loan term: None
  3. Maximum loan term: 60 days
  4. Maximum APR: None
  5. Rollovers: Borrowers are permitted 4 rollover/refinancing periods per loan.
  6. Loan limit: Borrowers are limited to 5 loans every 12 months, including refinancing and rollovers.
  7. Repayment plan: Repayment plans are available at the discretion of the lender.

You can cancel your payday loan before the end of the business day after you receive your funds at no extra charge.

Compare short-term loans available in Delaware

Check the websites of any providers you’re interested in to confirm they operate in your state.

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 Installment Loans
$100 - $3,000
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
$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.
$500 - $10,000
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.
LendYou Short-term Loans
$100 - $15,000
Same business day to 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.

Compare up to 4 providers

What are the fees of payday loans in Delaware?

You can expect to pay back your loan amount with interest charges and financing fees added on. If you don’t pay it back on time or decide to get a second loan, you could be charged additional fees.

  • APR: Payday lenders can charge interest at a daily, weekly, monthly or annual percentage rate, and there is no upper limit to the interest a lender can charge.
  • Financing fees: A lender can charge reasonable fees for services rendered as well as for reimbursement of expenses.
  • Collection fees: A lender can charge collection fees only once, limited to 5% of the payment amount. If you default, a lender can also charge reasonable attorney fees.
  • Rollover fees: If your lender permits you to defer a payment, you may have to pay a deferral charge.

Worried about the high costs? Alternatives to consider

When you’re facing a financial emergency, like a major car repair or an unexpected bill, you might be struggling to make it to your next paycheck. A payday loan is meant to fill this gap, and if you budget for the total cost of the loan–outlined in your contract–you can avoid the debt trap others fall in.

As with all forms of credit, be sure you can afford the loan before you apply.

If you don’t think you’ll be able to afford it or want to avoid taking out a loan, Delaware has some programs that can help. The Delaware Prescription Assistance Program, Temporary Assistance for Needy Families (TANF) and the Food Supplement Program can all be used when you need to pay your bills but aren’t able to afford them.

Even more alternatives to consider

How can I apply for a payday loan?

In order to qualify for a loan, you’ll to meet some basic eligibility criteria: be at least 18 years old, be a US citizen or permanent resident and have a regular source of income.

You’ll also need to provide some personal information.

  • Your name, date of birth, Social Security number and a valid form of ID
  • Your address, email and phone number
  • Details about your employment and income
  • Details of your existing checking account

In addition to these, borrowers are required to submit their signature and thumb print in order to confirm their identity and prevent fraud. This applies to loans from storefronts and online.

Have any more questions?

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4 Responses

    Default Gravatar
    BuddyJanuary 26, 2019

    Can you have more then one payday lone in Delaware?

      Avatarfinder Customer Care
      BellaJanuary 28, 2019Staff

      Hi Buddy,

      Thanks for your inquiry.

      Yes. But, they have a loan limit. Borrowers are limited to 5 loans every 12 months, including refinancing and rollovers.

      I hope this helps.

      Kind regards,

    Default Gravatar
    HowardMarch 14, 2018

    Is it legal for deleware check an go to give me a loan when im a P.A resident with a p.a address an they know this

      Default Gravatar
      joelmarceloMarch 20, 2018

      Hi Howard,

      Thanks for leaving a question on finder.

      To answer your question on whether you can get a loan in another state, the short answer is no. But the long answer is a soft maybe.

      If your permanent residence is in a state that allows payday loans but you’re temporarily living in another state, you may be able to get a loan. Getting a payday loan could require more interaction with the provider to confirm your permanent residence versus your temporary one.

      Whether you’re applying online or in-store, there’s no guarantee that the lender will approve you — even if you’re only temporarily in another state.


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