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Compare your loan options in Annapolis, Maryland

Payday loans may be prohibited, but don't let that limit you.

1 - 0 of 0
Name Product Filter Values Loan amount Turnaround time Requirements
LendYou Short-term Loans
Finder Score: 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.
EarnIn
Not rated yet
EarnIn
Get up to $100 per day or $750 per pay period.
1 to 3 business days, or same-day for a fee
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
Up 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.
Fast5kLoans Short-term Loans Connection Service
Finder Score: 0.2 / 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.
Fig Loans Installment Loans
$50 to $100, varies by state
As soon as the same business day
3 months of direct deposits, $1400 per month income, positive bank account balance
Get an affordable installment loan that comes with no fees, flexible terms and predictable monthly repayments.
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Maryland has capped interest rates on small loans to keep payday loan providers out of the state. But when you need a loan, there are still multiple ways to borrow — even if you don’t have great credit.

What are some alternatives to payday loans?

Although payday loans may not be available in Annapolis, you may still be able to find another option that works for your budget.

  • Installment loans. Installment loans are paid back over a period of months, not weeks, which makes payments much easier to handle. Just be sure your lender abides by Maryland’s cap on interest when you borrow.
  • Personal loans. Although they usually require fair credit at a minimum, there are some personal loans that accept borrowers with bad credit. Interest rates tend to be lower, and you may have multiple years to pay off what you borrow.
  • Personal loans from a local bank or credit union. Many small banks and credit unions accept borrowers of all credit backgrounds. In fact, some federal credit unions even offer payday alternative loans.
  • State assistance programs. One way to conquer a constant fight with your finances is to seek help from state services. Maryland has a number of programs that can help you, including the Temporary Cash Assistance program, the Food Supplement Program (FSP) and Emergency Assistance to Families with Children (EAFC).
  • Pay advance apps. If you’re just a little short on cash, a pay advance app can lend you the money you need — without the high fees. Just check to make sure Maryland is on the provider’s list of serviced states.

Compare installment loans available in Annapolis

1 - 0 of 0
Name Product Filter Values Loan amount Turnaround time Requirements
LendYou Short-term Loans
Finder Score: 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.
EarnIn
Not rated yet
EarnIn
Get up to $100 per day or $750 per pay period.
1 to 3 business days, or same-day for a fee
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
Up 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.
Fast5kLoans Short-term Loans Connection Service
Finder Score: 0.2 / 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.
Fig Loans Installment Loans
$50 to $100, varies by state
As soon as the same business day
3 months of direct deposits, $1400 per month income, positive bank account balance
Get an affordable installment loan that comes with no fees, flexible terms and predictable monthly repayments.
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So I can’t get a payday loan in Annapolis?

No. Under Maryland Commercial Law 12-101 et. seq., payday loans are prohibited in all forms, including in store and online.

If you’re looking for a short-term loan in Annapolis, Maryland’s current laws limit the maximum interest lenders are permitted to charge. You won’t have to pay a rate higher than 2.75% per month or an APR of more than 33%.

Why has Maryland banned payday loans?

Payday loans are prohibited because of their high cost to borrowers, with interest rates often reaching 300% or more. In order to combat what many feel is a predatory system, Maryland keeps payday lenders out by capping the interest rate lenders can charge.

Cash advance locations in Annapolis, Maryland

Cash advance store locations in Annapolis

  • Chextop. 2324 Davidsonville Rd, Gambrills, MD 21054
  • ACE Cash Express. 2012 West St Unit C, Annapolis, MD 21401, USA

Bottom line

Maryland law is there to protect you from high interest rates, which is why you won’t be able to take out a payday loan in Annapolis. Instead, compare payday alternatives, including bad-credit personal loans, state assistance programs and installment loans.

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