Finder may earn compensation from partners, but editorial opinions are our own. Advertiser Disclosure

Compare your loan options in West Virginia

With strict limits on APR, you may need to look elsewhere when you need a short-term loan.

Avatar
Elizabeth Barry
Updated
Fact checked

When you have unplanned expenses and are on a tight budget, a payday loan could be helpful. Payday loans, a type of short-term loan, give you quick access to money when you need it. Read on to find out about the laws in West Virginia and everything else you should know about how payday advances work.

Data updated regularly
Data updated regularly
Name Product Filter Values Loan amount Turnaround time Requirements
B9 pay advance app
B9 pay advance app
Up to 100% of your salary
Instant
$500+ in monthly direct deposits into B9 account, checking account, ITIN or SSN, government-issued photo ID
Withdraw 100% of your paycheck with no extra fee for instant funding.
Go to site
More Info
Monevo Installment Loans
Monevo Installment Loans
$500 to $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.
Go to site
More Info
BadCreditLoans.com
BadCreditLoans.com
$500 to $10,000
Varies
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.
Go to site
More Info
Brigit
Brigit
Up to $250
Same business day to 2 business days
Have an active checking account
Have up to $250 automatically deposited into your account — for a $9.99 membership fee.
Go to site
More Info
B9 pay advance app
B9 pay advance app
Up to 100% of your salary
Instant
$500+ in monthly direct deposits into B9 account, checking account, ITIN or SSN, government-issued photo ID
Withdraw 100% of your paycheck with no extra fee for instant funding.
Go to site
More Info
Monevo Installment Loans
Monevo Installment Loans
$500 to $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.
Go to site
More Info
BadCreditLoans.com
BadCreditLoans.com
$500 to $10,000
Varies
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.
Go to site
More Info
Brigit
Brigit
Up to $250
Same business day to 2 business days
Have an active checking account
Have up to $250 automatically deposited into your account — for a $9.99 membership fee.
Go to site
More Info
loading

Compare up to 4 providers

We compare the following short-term lenders

View more
Start comparing

West Virginia has effectively banned payday loans, but it does offer a few programs that could be useful in your time of need.

Can I get a payday loan in West Virginia?

No, payday loans are prohibited under West Virginia Code 46A-4-107 and 32A-3-1 et. seq. This set of laws caps the APR a lender can charge at 31% for loans of $2,000 or less — and it applies to every lender in the state. The APR cap doesn’t include the allowed origination fee, which means your APR may be higher than 31%. But because payday lenders often charge APRs in excess of 400%, it effectively bans them from offering loans to residents of West Virginia.

However, this doesn’t actually ban small-dollar loans, so you may be able to find a personal loan option. If you do opt for a personal loan, check the terms of your loan agreement to ensure the lender is keeping within the legal APR limit.

What other options are there in West Virginia?

Although West Virginia has placed restrictions on payday loans, there are still many options for individuals and families in need.

  • Supplemental Nutrition Assistance Program (SNAP)
  • WV WORKS
  • Emergency Assistance Program
  • Non-Emergency Medical Transportation (NEMT)
  • School clothing Allowance
  • Low Income Energy Assistance Program (LIEAP)
  • Long Term Care
  • Medicaid
  • WV Children’s Health Insurance Program (WV CHIP)
  • AccessWV

You can also browse our guide to payday loan alternatives for more information on some of the more common state programs and alternate ways you can pay for a small short-term expense.

What do other types of loans cost in West Virginia?

West Virginia separates loans based on if they are secured by real property — like your home or car. For unsecured loans between $2,000 to $10,000, the APR is capped at 27%. For loans greater than $10,000, West Virginia limits the APR to 18%. For secured loans, the APR is capped at 27% for loans of $10,000 or less and at 18% for loans of $10,000 or more.

While these regulations are in place to help borrowers, it does mean you’ll find some personal loan lenders don’t operate in West Virginia.

Bottom line

Although you can’t technically get a payday loan in West Virginia, there are other options available to you. These include some small-dollar loans, like loans from your bank and installment loans from a short-term lender. Read your loan agreement and confirm the lender is licensed in West Virginia before you agree to borrow.

Frequently asked questions

Image source: Shutterstock

More guides on Finder

    Ask an Expert

    You are about to post a question on finder.com:

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • finder.com is a financial comparison and information service, not a bank or product provider
    • We cannot provide you with personal advice or recommendations
    • Your answer might already be waiting – check previous questions below to see if yours has already been asked

    Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

    By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

    Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

    2 Responses

      Default Gravatar
      ThereseSeptember 20, 2018

      I would like to see if I could get $2000 or $2500, please?

      Reply
        Avatarfinder Customer Care
        JhezSeptember 20, 2018Staff

        Hello Therese,

        Thank you for your comment.

        We could not tell if you can get a loan of $2000 to $2500 as this would be under the decision of the lender you are applying on. Please note that each lender has its own eligibility criteria and requirements that you must meet before you apply. The amount they will approve you of will depend on many factors such as the credit score and your capacity to repay the loan. Please make sure that you’ve read the relevant T&Cs or PDS of this account to help consider whether the product is right for you.

        If necessary, please speak to the lender directly. Please enter your zip code above and compare lenders available in your state.

        Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

        Regards,
        Jhezelyn

        Reply
    Go to site