Our guide will tell you everything you need about payday loans in North Carolina

You may be considering a payday loan if you’re facing a financial emergency, but in North Carolina, you’ll have to find another option. Our guide should help point you in the right direction.

Are payday loans legal in North Carolina?

Payday loans are illegal in the state of North Carolina.

North Carolina General Statutes 53-281 and the North Carolina Consumer Finance Act N.C. Gen. Stat. 53-173 govern check cashing businesses and prohibit payday lending. Payday loans have been illegal in North Carolina since 2001, but more recent amendments make it nearly impossible for payday lenders to squeeze in through loopholes.

All lenders in North Carolina are required to comply with the small loan interest cap of 36% APR.

You may want to consider an installment loan instead

Be sure to check to confirm a lender operates in North Carolina and abides by the 36% APR cap.

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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.	Go to site More	Compare	loading Fetching your data...
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.	Go to site More	Compare	loading Fetching your data...
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.	Go to site More	Compare	loading Fetching your data...
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.	Go to site More	Compare	loading Fetching your data...
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.	Go to site More	Compare	loading Fetching your data...
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.	Go to site More	Compare	loading Fetching your data...
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.	Go to site More	Compare	loading Fetching your data...
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.	Go to site More	Compare	loading Fetching your data...

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Are there other loan options in North Carolina?

When you’re struggling mananging your everyday bills, you might not know where to turn. Fortunately, North Carolina has a number of programs that can help you afford normal costs of living. The Crisis Intervention program, Emergency Assistance program, North Carolina Food and Nutrition Services (FNS) and Low Income Energy Asisstance Porgram (LIEAP) all help people when they need it. Before you take out a loan, you can apply for one of these to see if it will help.

Our page has even more options you can check out

What are the typical costs of a loan in North Carolina?

North Carolina law bans small dollar lenders from offering loans with an APR higher than 36%. However, this doesn’t limit the fees and charges you can be charged, so you’ll need to go over your loan contract carefully before you sign to be sure you can afford the total cost–principal and interest–of your loan.

Have any more questions about North Carolina payday loans?

• Can I get a payday loan online?

  No, online loans are also illegal in North Carolina. Out-of-state lenders cannot legally provide payday loans to residents of North Carolina unless they are a tribal lender.

• Who can I contact to file a complaint or report about a lender in North Carolina?

  You should contact the office of the North Carolina Attorney General or the Commissioner of Banks.

• Are auto title loans legal in North Carolina?

  No. Because the terms are often very similar to payday loans and require you to supply a vehicle as collateral, North Carolina has also banned auto title loans.