Compare your loan options in Washington, DC

KNnow tthe facts before you apply for a short-term loan.

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A payday loan can seem like a lifeline when you have less-than-perfect credit and you’re looking to borrow a small amount of money, but if you’re a resident of the capital, you won’t be able to borrow. Read our guide to learn about your alternative options.

Our top pick: OppLoans Installment Loans

  • Min. Loan Amount: $500
  • Max. Loan Amount: $5,000
  • Turnaround Time: 1 business day
  • Loan Term: 9 to 36 months
  • Requirements: Direct deposit, meet minimum income requirements
  • Easy online application
  • Quick approval
  • Fast funding
  • Long repayment terms

Our top pick: OppLoans Installment Loans

Comes with the option to change your due date so you won’t fall behind on repayments.

  • Min. Loan Amount: $500
  • Max. Loan Amount: $5,000
  • Turnaround Time: 1 business day
  • Loan Term: 9 to 36 months
  • Requirements: Direct deposit, meet minimum income requirements
Promoted

No. Payday loans aren’t legal in Washington, DC under the Amended District of Columbia Code Section 28-3301. The capital caps interest at 24%, which is far lower than the interest charged by payday lenders in other parts of the US. Although they aren’t specifically banned, payday lenders choose not to offer loans because of the cap on interest.

What other borrowing options do I have in Washington DC?

While high interest payday lending is illegal in DC you can think about getting credit in other ways. Three options include:

  • Installment loans. An installment loan is a short-term form of credit similar to a payday loan that’s paid back over a longer period of time. You’ll typically pay back an installment loan over a few months to a couple of years.
  • Credit card cash advance. Depending on your situation, you could look into withdrawing cash from your credit line at an ATM. Your limit depends on your balance and comes with a high interest rate, similar to payday loans.
  • Tribal loans. You could still have the option of getting a loan if you go through a tribal lender like Blue Trust Loans. Since these lenders are based on tribal land, they are considered a sovereign entity and are able to abide by their own laws.
  • A loan connection service. Submitting your info through a connection service allows that provider to try and pair you with a suitable lender in its network. They may have small providers that can lend to you while still abiding to state laws.

Loan options to compare

A selection of online installment loans

Updated November 16th, 2019
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
$1,200
As soon as the next business day
Regular source of income received biweekly or semi-monthly, Missouri or Utah resident, checking account with automatic deposits, not a military service member
Borrow up to $1,200 — but only if you live in Missouri or Utah.
$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.
$5,000
1 business day
Direct deposit, meet minimum income requirements
Comes with the option to change your due date so you won’t fall behind on repayments.
$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.
$50,000
Same business day to 1 business days
Must be employed and receive regular income, earn at least $800 a month, have a checking account and be an 18+ years old legal US citizen.
Get a flexible installment loan with fast funding through one easy online application form.
$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.
$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.
Varies by state
As fast as same business day
Regular source of income, bank account, US citizen or permanent resident, age of majority in your state
Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.
$500
As fast as 1 business day
Checking account with 3+ months of banking history, $750+ monthly income, live in eligible state, ages 18+
Borrow up to $500 with just a few swipes — but only for residents of 5 states.

Compare up to 4 providers

A selection of lender-connection services

Updated November 16th, 2019
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
$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.
$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.
$50,000
Same business day to 1 business days
Employed, $800+ regular monthly income, checking account, ages 18+, US citizen
Fill out a simple online form to compare offers from several lenders that may be able to help.
$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.
$1,000
Same business day to 1 business days
Valid bank account, proof of employment or steady income, US citizen, ages 18+
No credit? Past bankruptcy? One of the lenders in its network may still be able to help.

Compare up to 4 providers

What if I can’t get a personal loan or credit card?

You have other options to consider if borrowing money from a creditor doesn’t work out for you. These include:

  • Apply for an assistance program. Capital Area Food Bank Hunger Lifeline, The Utility Discount Programs and the Low Income Home Energy Program all help people when they’re in need. If you’re struggling to make ends meet, consider applying for one of these or the many other local area programs.
  • Consider free debt management help. If you have multiple bills you need to take care of, a debt consolidation loan could help you bring them all together and lower the total cost of your payments. Find free debt management help online or in your area. You could also consider a paid debt settlement service.
  • Find a credit counselor. While it won’t help you in the short term, a credit counselor can help you get your finances in order to make paying for future expenses easier. There are plenty of options to choose from, so don’t hesitate to do your research and find a good one.
  • Get a side gig. You could consider making extra money with a side hustle. Some ideas include driving for a ridesharing service like Uber or a food delivery service. If you have a skill that’s in high demand, you could consider freelancing for things like graphic design or writing.

Explore your other alternatives here

Why are payday loans illegal in DC?

Due to the high cost of payday loans, lawmakers in DC have decided to prevent lenders from offering them to residents of Washington, DC. Many consumer advocate groups consider payday loans to be predatory with interest rates designed to keep people in debt.

Because of this, you won’t be able to get a payday loan in the capital.


Cash advance locations in Washington, D.C.

Cash advance locations near you in Washington, D.C

If you’d like to visit a physical store for a cash advance here are some options:

  • ACE Cash Express. 6221 Georgia Ave NW, Washington, DC 20011
  • ACE Cash Express. 5429 5th St NW, Washington, DC 20011
  • ACE Cash Express. 3663 Georgia Ave NW, Washington, DC 20010
  • ACE Cash Express. 1786 Florida Ave NW, Washington, DC 20009
  • ACE Cash Express. 1515 U Street NW, Ste C-2, Washington, DC 20009
  • Paradigm Funding & Payment. 1325 G St NW, Washington, DC 20005
  • Check Cashing One. 3433 14th St NW B, Washington, DC 20010,
  • A One Cash Inc. 3112 Mt Pleasant St NW, Washington, DC 20010
  • Check Cash Depot. 1756 Columbia Rd NW, Washington, DC 20009
  • ACE Cash Express. 601 H St NE, Washington, DC 20002
  • ACE Cash Express. 1512 Benning Rd NE, Washington, DC 20002
  • ACE Cash Express. 3903 Benning Rd NE, Washington, DC 20019
  • ACE Cash Express. 1245 Good Hope Rd SE, Washington, DC 20020
  • ACE Cash Express. 3829 Pennsylvania Ave SE, Washington, DC 20020
  • ACE Cash Express. 2441 Good Hope Rd SE, Washington, DC 20020
  • ACE Cash Express. 2922 Martin Luther King Jr Ave SE, Washington, DC 20032
  • Check Cash One. 2529 Pennsylvania Ave SE, Washington, DC 20020

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2 Responses

  1. Default Gravatar
    InfinityNovember 26, 2018

    Is Infinity loans of Washington DC a scam?

    • Default Gravatar
      joelmarceloNovember 27, 2018

      Hi there,

      Thanks for leaving a question on finder.

      Unfortunately, we do not have any information about Infinity Loans on finder. You can instead look up their company name to look up reviews so you can weigh your options in getting a loan. If you live in Washington, the lenders above may be able to help you as long as you qualify for the eligibility requirements.

      Please send me a message if you need anything else. :)

      Cheers,
      Joel

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