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Compare your loan options in Delaware

Interested in getting a payday loan in Delaware? Our guide has everything you need to know.

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 Delaware and everything else you should know about how payday advances work.

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Name Product Filter Values Loan amount Turnaround time Requirements
Smart Advances
Not rated yet
Smart Advances
$100 to $20,000
As soon as one business day after loan closing
Have a regular income, 18+ years old, be a U.S. citizen with a valid SSN, have an open bank account, meet any additional requirements your lender may have
Smart Advances was designed to help you request the loan you need, for any reason.
EarnIn
Not rated yet
EarnIn
Get up to $100 per day or $750 per pay period.
1 to 2 business days, or in minutes with Lightning Speed.
Direct deposit sent to a checking account, a regular pay schedule, a fixed work location or an online timekeeping system at work
No mandatory fees, no interest, and no credit checks. Subject to EarnIn terms & conditions
Cleo
Not rated yet
Cleo
$20 to $250
3 to 4 days standard transfer. Same day with $3.99 express fee.
Not stated
Automatically monitor your spending plus access cash advances up to $100 at a time.
Albert
Not rated yet
Albert
Up to $250
2–3 business days or instant for a fee
Checking account 2+ months old receiving direct deposit, 2+ months working for the same employer, positive account balance, most recent paycheck was on-time, funds still available in bank account 24 hours after most recent payday.
Get up to $250 overdraft protection if you sign up for Albert's banking app.
Brigit
Not rated yet
Brigit
Up to $250
1 to 3 business days or instant with a fee of $0.99 to $3.99, or a $9.99/mo. subscription with small fee, or free with $14.99/mo. subscription.
Bank account must have at least 60 days of activity, Balance must be above $0 and have an average minimum balance on pay day
Have up to $250 automatically deposited into your account — for a $9.99 membership fee.
LendYou Short-term Loans
Finder Rating: 2.5 / 5: ★★★★★
LendYou Short-term Loans
Up to $1,000 for payday loans and up to $5,000 for installment loans
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.
Fast5kLoans Short-term Loans Connection Service
Finder Rating: 3.5 / 5: ★★★★★
Fast5kLoans Short-term Loans Connection Service
$100 to $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.
Smart Advances
Not rated yet
Smart Advances
$100 to $20,000
As soon as one business day after loan closing
Have a regular income, 18+ years old, be a U.S. citizen with a valid SSN, have an open bank account, meet any additional requirements your lender may have
Smart Advances was designed to help you request the loan you need, for any reason.
EarnIn
Not rated yet
EarnIn
Get up to $100 per day or $750 per pay period.
1 to 2 business days, or in minutes with Lightning Speed.
Direct deposit sent to a checking account, a regular pay schedule, a fixed work location or an online timekeeping system at work
No mandatory fees, no interest, and no credit checks. Subject to EarnIn terms & conditions
Cleo
Not rated yet
Cleo
$20 to $250
3 to 4 days standard transfer. Same day with $3.99 express fee.
Not stated
Automatically monitor your spending plus access cash advances up to $100 at a time.
Albert
Not rated yet
Albert
Up to $250
2–3 business days or instant for a fee
Checking account 2+ months old receiving direct deposit, 2+ months working for the same employer, positive account balance, most recent paycheck was on-time, funds still available in bank account 24 hours after most recent payday.
Get up to $250 overdraft protection if you sign up for Albert's banking app.
Brigit
Not rated yet
Brigit
Up to $250
1 to 3 business days or instant with a fee of $0.99 to $3.99, or a $9.99/mo. subscription with small fee, or free with $14.99/mo. subscription.
Bank account must have at least 60 days of activity, Balance must be above $0 and have an average minimum balance on pay day
Have up to $250 automatically deposited into your account — for a $9.99 membership fee.
LendYou Short-term Loans
Finder Rating: 2.5 / 5: ★★★★★
LendYou Short-term Loans
Up to $1,000 for payday loans and up to $5,000 for installment loans
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.
Fast5kLoans Short-term Loans Connection Service
Finder Rating: 3.5 / 5: ★★★★★
Fast5kLoans Short-term Loans Connection Service
$100 to $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.
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When you’re in need of money between paychecks, you may be considering a payday loan. While these can be good for emergencies, the high interest rates make borrowing risky. We’ll go over all the possible fees and charges, as well as the laws in Delaware, to make sure you know everything you need before you borrow.

How does a payday loan in Delaware work?

Payday loans are legal in Delaware. Delaware Code Title 5 Chapter 22 § 2227 governs payday lenders, which are required to be licesned in order to service loans.
Here are the seven basic rules surrounding payday loans in Delaware.

  1. Maximum loan amount: $500 per loan, $1,000 total
  2. Minimum loan term: None
  3. Maximum loan term: 60 days
  4. Maximum APR: None
  5. Rollovers: Borrowers are permitted 4 rollover/refinancing periods per loan.
  6. Loan limit: Borrowers are limited to 5 loans every 12 months, including refinancing and rollovers.
  7. Repayment plan: Repayment plans are available at the discretion of the lender.

You can cancel your payday loan before the end of the business day after you receive your funds at no extra charge.

What are the fees of payday loans in Delaware?

You can expect to pay back your loan amount with interest charges and financing fees added on. If you don’t pay it back on time or decide to get a second loan, you could be charged additional fees.

  • APR: Payday lenders can charge interest at a daily, weekly, monthly or annual percentage rate, and there is no upper limit to the interest a lender can charge.
  • Financing fees: A lender can charge reasonable fees for services rendered as well as for reimbursement of expenses.
  • Collection fees: A lender can charge collection fees only once, limited to 5% of the payment amount. If you default, a lender can also charge reasonable attorney fees.
  • Rollover fees: If your lender permits you to defer a payment, you may have to pay a deferral charge.

Worried about the high costs? Alternatives to consider

When you’re facing a financial emergency, like a major car repair or an unexpected bill, you might be struggling to make it to your next paycheck. A payday loan is meant to fill this gap, and if you budget for the total cost of the loan–outlined in your contract–you can avoid the debt trap others fall in.
As with all forms of credit, be sure you can afford the loan before you apply.
If you don’t think you’ll be able to afford it or want to avoid taking out a loan, Delaware has some programs that can help. The Delaware Prescription Assistance Program, Temporary Assistance for Needy Families (TANF) and the Food Supplement Program can all be used when you need to pay your bills but aren’t able to afford them.
Even more alternatives to consider

How can I apply for a payday loan?

In order to qualify for a loan, you’ll to meet some basic eligibility criteria: be at least 18 years old, be a US citizen or permanent resident and have a regular source of income.
You’ll also need to provide some personal information.

  • Your name, date of birth, Social Security number and a valid form of ID
  • Your address, email and phone number
  • Details about your employment and income
  • Details of your existing checking account

In addition to these, borrowers are required to submit their signature and thumb print in order to confirm their identity and prevent fraud. This applies to loans from storefronts and online.

Have any more questions?

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4 Responses

    Default Gravatar
    BuddyJanuary 26, 2019

    Can you have more then one payday lone in Delaware?

      AvatarFinder
      BellaJanuary 28, 2019Finder

      Hi Buddy,

      Thanks for your inquiry.

      Yes. But, they have a loan limit. Borrowers are limited to 5 loans every 12 months, including refinancing and rollovers.

      I hope this helps.

      Kind regards,
      Bella

    Default Gravatar
    HowardMarch 14, 2018

    Is it legal for deleware check an go to give me a loan when im a P.A resident with a p.a address an they know this

      Default Gravatar
      joelmarceloMarch 20, 2018

      Hi Howard,

      Thanks for leaving a question on finder.

      To answer your question on whether you can get a loan in another state, the short answer is no. But the long answer is a soft maybe.

      If your permanent residence is in a state that allows payday loans but you’re temporarily living in another state, you may be able to get a loan. Getting a payday loan could require more interaction with the provider to confirm your permanent residence versus your temporary one.

      Whether you’re applying online or in-store, there’s no guarantee that the lender will approve you — even if you’re only temporarily in another state.

      Cheers,
      Joel

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