Payday loans in North Dakota | finder.com
North Dakota

Compare your loan options in North Dakota

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A payday loan in North Carolina might be able to help you out of an emergency.

If you’re facing an emergency, you may have been thinking about visiting a payday loan store or website to take out a loan. Before you do, learn about the costs of a loan and alternative options available to.

Our top pick: HonestLoans Installment Loans

  • Min. Loan Amount: $400
  • Max. Loan Amount: $2,500
  • Turnaround Time: 1 business day
  • Loan Term: Varies
  • Requirements: 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.
  • Fast turnaround
  • Online application
  • All credit is OK
  • Use money for any purpose

Our top pick: HonestLoans Installment Loans

Get a flexible installment loan with fast funding through one easy online application form.

  • Min. Loan Amount: $400
  • Max. Loan Amount: $2,500
  • Turnaround Time: 1 business day
  • Loan Term: Varies
  • Requirements: 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.
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How do payday loans in North Dakota work?

The North Dakota Century Code 13-08-01 et seq. governs payday lending. It requires lenders to be licensed and follow specific guidelines when financing loans.

  • Maximum loan amount: $500
  • Loan term: 60 days or less
  • APR: A 14-day $100 loan has an APR of 520%

You may have any number of outstanding loans at once, but the total must not be more than $600. If you default, you are allowed to renew the loan once, but there is no specified repayment plan put in place by law.

Compare short-term loans available in North Dakota

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

Updated April 22nd, 2019
Name Product Filter Values Max. Loan Amount Turnaround Time Requirements
$5,000
1 business day
Must have direct deposit and meet minimum income requirements
Installment loans with competitive rates from a top-rated direct lender.
$2,600
1 to 2 business days
Must have an active checking account, regular source of income and email address.
Installment loans with repayment terms up to 30 months, depending on your state.
$15,000
1 business day
You must be a US citizen or permanent resident, age 18+ and have a regular income.
Apply online with this loan-connection service offering unrestricted short-term loans with fast turnaround.
$10,000
As early as 1 business day
Must have a monthly income of $1,000+ after taxes and valid checking account.
An online connection service for quick cash loans.
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.
Apply for a short-term loan with an easy online application and dedicated customer service.
$250
generally receive the money the next business day
Be 18+ years of age and have a checking account that can accept electronic transfers.
LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see more details for your state.
Varies by state
1 business day
Must be 18+ years old, have a steady source of income and a checking or savings account. Must not be a debtor in bankruptcy.
Quick payday, installment and title loans with no prepayment penalty and a 72-hour satisfaction guarantee. Funds can be loaded on an ACE Elite™ Visa® Prepaid Debit Card.

Compare up to 4 providers

What sort of fees will I have to pay?

North Dakota law outlines the fees you will have to pay for taking out a loan and the possible additional fees you may have to pay if you’re late making a payment.

  • Financing fees: 20% of loan amount + a databasing fee
  • Collection fees: $20 non-sufficient funds (NSF) fee
  • Rollover fees: 20% of the remaining loan amount
  • Finance charge: A 14-day $100 loan costs $120

How does the application process work?

All payday lenders will require that you be at least 18 years old, an American citizen or permanent resident and have a regular source of income before you apply. In addition, there will be some basic questions you’ll have to answer. These include information about your employment, your contact details and personal identification details like your ID and Social Security number.

Should I consider anything else before taking out a payday loan?

It can be difficult to pay for an emergency like a broken car or unexpected bill, and a payday loan might seem like a quick way to get through a tough time. However, because these are so expensive, you should use them as a last resort. Instead, consider some of the other options available to you in North Dakota.

There are assistance programs like Temporary Assistance for Needy Families (TANF) and Low Income Home Energy Assistance Program
that can help you with your daily bills. You may also want to look into an installment loan or a debt consolidation loan if you need more time to pay back what you owe.

Explore payday loan alternatives available in North Dakota

Bottom line

A payday loan can be a quick way to make it between checks, especially if you have limited income and are facing some big bills. There are decent laws in place to help protect you as a consumer from being charged too much. Remember that you should read over your loan contract before your sign to know the cost of the loan before you borrow.

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