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Compare your loan options in Pennsylvania

Pennsylvania has strict restrictions on what you can be charged, but there are some short-term options.

Aliyyah Camp
Aliyyah Camp

Updated

Fact checked

Editor's choice: Fast5kLoans Short-term Loans Connection Service

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Although Pennsylvania law doesn’t allow payday loans, there are plenty of other options you can consider, including installment loans and other payday loan alternatives.

Are payday loans legal in Pennsylvania?

No. Under the Check Cashing Licensing Act of 1998, 505(a), lenders are prohibited from issuing a loan as an advance on a postdated check. This includes ACH transfers from bank accounts, and online lenders are also required to be licensed in Pennsylvania, which means they must follow this regulation.

Compare installment loan options in Pennsylvania

Data indicated here is updated regularly
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
LendYou Short-term Loans
LendYou Short-term Loans
$15,000
Same business day to 1 business days
$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.
Go to site
More Info
Check Into Cash Installment Loans
Check Into Cash Installment Loans
$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.
Go to site
More Info
OppLoans Installment Loans
OppLoans Installment Loans
$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.
Go to site
More Info
Fast5kLoans Short-term Loans Connection Service
Fast5kLoans Short-term Loans Connection Service
$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.
Go to site
More Info
CashUSA Installment Loans
CashUSA Installment Loans
$10,000
As fast as same business day
Regular source of income, bank account, US citizen or permanent resident, age of majority in your state
Explore its online education center to get tips on budgeting, how to prioritize your bills and more.
Go to site
More Info
Jora Installment Loans
Jora Installment Loans
$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.
Go to site
More Info
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Compare up to 4 providers

What other options do I have if I need extra money in Pennsylvania?

There are quite a few state-run programs in Pennsylvania to help you care for yourself and your family while in a tough financial situation, and you can find more by visiting the Pennsylvania Department of Human Services website.

  • Supplemental Nutrition Assistance Program (SNAP)
  • Low-Income Home Energy Assistance Program (LIHEAP)
  • Temporary Assistance to Needy Families (TANF)
  • Cash Assistance
  • Medical Assistance (MA) / Medicaid

Are there any other short-term options in Pennsylvania?

Yes. Beyond public assistance, there are multiple payday loan alternatives available to you, including:

  • Debt consolidation loan. If you have multiple loans out at once, you can apply for a debt consolidation loan. Rather than making multiple payments with varying interest rates, you’ll make one payment with a single, usually lower, interest rate. It should help save you money in the long run. Debt consolidation loans typically require you to have good to excellent credit.
  • Negotiate with your creditors. When you’re unable to afford a payment, consider contacting your creditors and requesting a lower monthly payment. Creditors want to get paid and will often be willing to work with you to make this happen.
  • Seek credit counseling. A credit counselor can be a good way to get a handle on your debt and learn important financial skills. There are many free services out there to help so give a few a call.

What costs can I expect with a loan in Pennsylvania?

Under Pennsylvania Statutes Title 7 P.S. Banks and Banking § 6213, lenders in Pennsylvania are unable to charge an APR over 6% on loan amounts under $25,000. They are also required to comply to the Small Loan Rate Cap, which limits the amount of interest a lender can charge each year. The exact cap depends on the length of the loan term:

  • Under 48 months. $9.50 per $100 for the entire loan term.
  • Over 48 months. $9.50 per $100 for the first 48 months of the loan term; $6 per $100 for the remainder of the loan agreement.

Lenders are also required to limit the service charge, which can be no more than $1.50 per $50.

Bottom line

While you can’t get a payday loan in Pennsylvania, you still have other options that can help you out during a financial crisis. There are multiple state-sponsored resources, and there are installment loans to cover your short-term needs.

Have any more questions about Pennsylvania loans?

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18 Responses

  1. Default Gravatar
    DominiqueJune 17, 2019

    Good morning,
    Looking for an installment loan in Pennsylvania., is that available?

    Reply
    • Avatarfinder Customer Care
      EzraJune 17, 2019Staff

      Hi Dominique,

      Thank you contacting Finder, a general information service. Yes, installment loans are available in Pennsylvania. You can usually borrow between $500 and $5,000, and pay back the loan between as short as 3 months and as long as 3 years. You can learn more about installment loans in our guide.

      Sincerely,

      Ezra

      Reply
  2. Default Gravatar
    JustinFebruary 25, 2019

    Looking for a loan in pa but got no bank account just prepaid card. What are my choices?

    Reply
    • Avatarfinder Customer Care
      johnbasanesFebruary 26, 2019Staff

      Hi Justin,

      Thank you for reaching out to Finder.

      We are on the right page for you to check the available lenders that could assist you in your state. Please indicate the state you are in on the table provided on the table to see your options. Once the results are populated, you may want to check on the “Requirements” column to see which lender does not require a bank account to apply. Kindly review and compare your options on the table displaying the available providers. Once you have chosen a particular provider, you may then click on the “Go to site” button and you will be redirected to the provider’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.
      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.Hope this helps!

      Cheers,
      Reggie

      Reply
  3. Default Gravatar
    DrusilllaNovember 12, 2018

    I need a direct lender someone who gives the loans not a broker type person who finds the lenders . I live in Butler County Pennsylvania and I DESPERATELY need a loan now today can you help me with this?

    Reply
    • Default Gravatar
      AshNovember 13, 2018

      Hi Drusillla,

      Thank you for reaching out to us,

      You are on the correct page as the Lenders listed on the table above a direct ones wherein you will submit your application directly to them then once approved they will be the one who will provide the loan to you. You may compare the Lenders available in your state as well as their eligibility requirements.

      You may also read above the alternative loan that you may apply to in Pennsylvania.

      Kindly read the Lender’s Terms and Conditions as well as their eligibility criteria before submitting your application. To apply, you may click on the green “Go to site” button to be redirected directly to the Lender’s site.

      I hope this helps.

      Please do not hesitate to reach out again to us if you have additional questions that you need assistance with.

      Cheers,
      Ash

      Reply
  4. Default Gravatar
    NinaJuly 2, 2018

    Trying to get a pay day loan for 500 and pay back in installments

    Reply
    • Default Gravatar
      nikkiangcoJuly 3, 2018

      Hi Nina!

      Thanks for leaving an inquiry on our page.

      Is this your first time to get a loan? Before anything else, please make sure to check your credit score first as this will be a very influential factor for you to get approved. Simply search on our search bar “credit score and it will automatically give you the page. Also, note that any inquiry or application to any lender will also appear on your credit file.

      Though payday loans are not legal in the Penn State, you can get an instalment loan. Instalment loans have longer repayment periods and are offered in larger amounts. You can typically borrow between $500 and $5,000 and pay the loan back in as short as 3 months or as long as 3 years.

      You can check the on online instalment loans on this page.
      Make sure to take note of the eligibility requirements to form your eligibility in applying for an instalment loan.

      Hope this helps!

      Cheers,
      Nikki

      Reply
  5. Default Gravatar
    CarolynApril 24, 2018

    Can i get an installment loan without a checking account?

    Reply
    • Avatarfinder Customer Care
      RichApril 24, 2018Staff

      Hi Carolyn.

      Thanks for your question.

      The quick answer is yes. Generally, a checking account is not the only requirement for an installment loan, but, of course this could differ from one lender to another. Typically, with your checking account, they will also be able to determine whether you can service the loan or not.

      Also, lenders will usually deduct payments from your bank account on the day the payments are due. Some lenders will also give you the options of repaying the loan online, via a check or through an app.

      So best to check with the lender you go with if they would approve your application without having a checking account. In case you might like to get an idea how installment loans generally work, please refer to this guide.

      Regards,

      Rich

      Reply
  6. Default Gravatar
    NickFebruary 28, 2018

    I have a nexs debit card and need a loan.can u please help?thx.

    Reply
    • Default Gravatar
      joelmarceloMarch 7, 2018

      Hi Nick,

      Thanks for leaving a question on finder.

      Unfortunately, it is illegal to get a prepaid debit payday loan in Pennsylvania. You can consider applying for an installment loan or an auto title loan. You can also look into other loan options by state to find one that’s right for your situation.

      Cheers,
      Joel

      Reply
  7. Default Gravatar
    DanielNovember 11, 2017

    Is there a cash advance office in Pennsylvania with a John Williams working there?

    Reply
    • Avatarfinder Customer Care
      RenchNovember 11, 2017Staff

      Hi Daniel,

      Thanks for your inquiry. Please note that we are not affiliated with any company we feature on our site and so we can only offer you general advice.

      You can have a look at this page for Cash Advance Loans. Please click the name of your preferred lender to find out the details and the minimum eligibility. You may then click the green “Go to Site” button to submit your loan application online.

      Kind regards,
      Rench

      Reply
  8. Default Gravatar
    AmarpreetSeptember 14, 2017

    I need Parsnal loan.i am on duty

    Reply
    • Default Gravatar
      ArnoldSeptember 14, 2017

      Hi Amarapreet,

      Thanks for your inquiry

      You may check all personal loans provider in our panel here.

      Please do not forget to check the eligibility requirements before you apply for the loan.

      Hope this information helps

      Cheers,
      Arnold

      Reply
  9. Default Gravatar
    AngelaAugust 15, 2017

    I need emergency cash,no job and already have debit card, in process moving out of state and need cash for medical emergency

    Reply
    • Avatarfinder Customer Care
      AnndyAugust 15, 2017Staff

      Hi Angela,

      The lenders on this page may consider you for a loan even if you are currently unemployed. Generally, lenders will require you to have a bank account to apply for a loan, but some of the lenders on the page may consider you even if you don’t have a bank account but is able to get a debit card.

      Kindly review the eligibility criteria and the terms and conditions of the loan before submitting your application to know which is more suitable for you.

      Cheers,
      Anndy

      Reply
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