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: Jora Installment Loans

  • Min. Loan Amount: $500
  • Max. Loan Amount: $2,600
  • Turnaround Time: 1 to 2 business days
  • Loan Term: Varies
  • Requirements: Active checking account, regular source of income, email address
  • Quick application process
  • Bad credit OK
  • Financial resources

Our top pick: Jora Installment Loans

Get access to tools to help you plan a career move, make some extra cash or search for a better-paying job.

  • Min. Loan Amount: $500
  • Max. Loan Amount: $2,600
  • Turnaround Time: 1 to 2 business days
  • Loan Term: Varies
  • Requirements: Active checking account, regular source of income, email address
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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 June 25th, 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.
$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.
$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.
$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+
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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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