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Payday loans in Georgia

High-interest payday loans in Georgia are illegal but you still have other short-term loan options.

Payday loans are short term loans up to two weeks. While convenient, they can be extremely expensive – costing from $15 to $30 per $100 borrowed – or up to 782% APR. Because of their predatory nature, payday loans are illegal in Georgia.

The good news is, there are other ways Georgians can access quick cash for emergencies, including no-interest cash advance apps and other types of loans with lower rates. Here’s a rundown of the options available and the costs.

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Name Product Filter Values Loan amount Turnaround time Requirements
Chime SpotMe®
Not rated yet
Chime SpotMe®
Up to $200
Same day
Single qualifying $200 direct deposit into Chime checking account in the last 34 days.
Access fee-free overdrafts up to $200 when eligible. Plus get your paycheck up to 2 days early with direct deposit. See Chime terms and conditions.
Not rated yet
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
Not rated yet
$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.
Not rated yet
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.
Not rated yet
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.

State laws for payday loans in Georgia

While high-cost payday lending is a felony in Georgia, small-dollar loans are regulated. According to sources online, licensed lenders aren’t allowed to charge more than 10% interest on loans of $3,000 or less with terms of 36 months and 15 days or less.
But we called multiple installment lenders in Georgia ourselves and found that the rates on their installment loans, both under and over $3,000, often start over 20% APR, regardless of credit score, and can hit up to 36% – and apparently this is due to the laws changing over the past couple years.
And be aware that auto title lenders in Georgia don’t have to abide by these rules at all. Because they’re classified as “pawnbrokers,” auto title loan lenders in Georgia are allowed to charge interest up to 25% per month plus fees, resulting in APRs that can reach up to 300% annually.

3 short-term loans you can get in Georgia

If you’re a Georgian looking for a payday loan, these options are cheaper than using a payday lender and can often get you funds quickly – sometimes as soon as the same day you apply.

Installment loans

While payday loans are illegal in Georgia, licensed installment lenders in Georgia offer loans from as little as $200 to over $10,000. Rates on these loans appear to range from 10% to 36% APR depending on the loan amount and your creditworthiness. You can also apply for an installment loan online, but rates may be much higher and possibly illegal in Georgia.
To qualify for an installment loan in Georgia, you’ll need to be a Georgia resident of at least 18 years of age with a photo ID. You’ll also need to show proof of income by check stubs, tax returns or other qualifying documents. A hard credit check may be required.

Personal loans

You can get a personal loan from banks, credit unions and online lenders and they are typically capped at 36% APR. These loans may range from $600 to $100,000 and can be used for almost any purpose except for college tuition, a down payment on a home or for business expenses.
To qualify for a personal loan you’ll generally need a credit score of at least 620, although some lenders accept scores of 300 or lower, as long as you can show proof of income. Also, be prepared to show at least $25,000 a year in income and debt-to-income (DTI) ratio of 43% or less. Hard credit checks are required when you apply for a personal loan.

Cash advance apps

With cash advance apps you can get small, no-credit-check loans between paydays – typically from $20 to $500. Unlike installment, title or personal loans, cash apps never charge interest or financing fees on what you borrow. Instead, you might have to pay a monthly subscription fee from $1 or $10 to get advances, although many apps are free.
To qualify for an advance with a cash app, you generally need to show regular direct deposit activity from a qualifying source like an employer. Repayments for cash advances come out of your next paycheck, which can help keep you out of a cycle of debt.
Most cash apps come with other useful features like budgeting tools, credit monitoring and free overdraft protection which can be helpful in tracking your spending and keeping on top of your finances.

Beware of high APRs on auto title loans

While auto title loans are also available in Georgia, and you could possibly get a loan up to $50,000 – APRs on these loans can hit the triple digits, making them difficult to pay back. According to, one in five borrowers that get an auto title loan end up with their vehicle repossessed – so only consider this type of loan if you can pay it off within 30 days.

How much do short-term loans cost in Georgia?

While online sources state that lenders in Georgia can’t charge more than 10% interest on loans of $3,000 or less with a loan length of 36 months and 15 days or less, and origination fees can’t exceed 8% on the first $600 and 4% of the rest – this is not what our experience shows.
After speaking with several lenders in Georgia, we were told that rates on their installment loans can reach up to 36%, even if the loan is under $3,000 and the term is under 36 months. And auto title loans can have APRs between 150% and 300% annually, resulting in extremely high monthly interest payments.
The actual cost you might pay on a short-term loan depends on the lender, the type of loan and your creditworthiness. Always read over your loan contract carefully and make sure you understand the costs you’re responsible for, including any prepayment penalties and late fees.

Assistance programs available in Georgia

While getting a payday loan in Georgia is not possible, you can get credit or cash in other ways. Georgia has quite a few public assistance programs that you may want to apply for. These include:

Bottom line

While you don’t have access to a payday loan in Georgia, you still have other options to help with financial emergencies including installment loans, personal loans and cash apps. Our payday loan alternatives guide has 11 other ways to access cash and get out of debt faster too.

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4 Responses

    Default Gravatar
    ChristieJune 27, 2017

    Can I apply for Spotloan in Georgia?

      JasonJune 27, 2017Finder

      Hi Christie,

      Thank you for your enquiry.

      Spotloans are currently available to residents of all states except Arkansas, District of Columbia, Minnesota, New York, North Dakota, Pennsylvania, and West Virginia. You may apply for a loan online from Spotloan through their homepage.

      Kind regards,

    Default Gravatar
    KarolJune 8, 2017

    How does Spotloan work?

      JasonJune 16, 2017Finder

      Hi Karol,

      Thank you for your inquiry.

      You can select your loan amount and repayment terms then apply for a loan online through their homepage and get the loaned cash in your bank account with Spotloan. To learn more, check our review on how Spotloan installment loan works.

      Kind regards,

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