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Rates & Fees

State Regulations

Find your state to review the applicable laws and regulations governing cash advance loan rates and fees in your state:

Alabama$500This should not exceed 17.5% of the amount. Also $10 fee for every loan request is permitted. If the loan period expires 3% extra is charged.
Alaska$500A lender is only allowed to charge what is known as a nonrefundable originating fee. This fee shouldn’t exceed around $15 for every $100. Also the fee shouldn’t exceed 15% of the borrowed amount. Also $20 additional free for the business’s financial operation can also be charged.
ArizonaN/AShouldn’t exceed the 36% of its annual fees. Repayment of past due fees is also allowed.
ArkansasN/AAround a 36% annual fee. This will depend on the Federal Reserve Discount Rate and an added 5%. Just one loan is allowed in order to avoid cases where one loan is taken to pay back the other. Also the fees cannot be over $400.
California$300A business cannot go beyond a 15% deferred deposit transaction fee of an amount over $45
Colorado$500The documentation fees is allowed a maximum of $75. $7.50 is the max maintenance fee of every $100 loaned, up to around $30 per month this is including the monthly maintenance fee charged every month. In the case of a renewal the lender can access additional financial charges which shouldn’t exceed a yearly 45% percent.
ConnecticutN/AThe interest shouldn’t exceed 30.3%. Late fee is also applicable.
Delaware$500Cash advances of a total of $1000 is allowed at one time. The fee attached to this loan has no limit.
District of ColumbiaLoans which are ProhibitedThe law does not always change. However, keep checking back to maxloans.net to stay posted.
Florida$500A deferred provider or even an affiliate is not allowed to charge fees over 10% of the amount. However, a verification fee is allowed. Loan operation may be subject to a 15% fee. The total fee every year can be around 390%
GeorgiaLoans prohibitedThe law does change. Please check back to maxloans.net for up to date info on this.
Hawaii$600Fees shouldn’t be more than 15% of the amount. The lender is allowed 17.65% in charges every two weeks for its financial operation.
IllinoisEither 22.5% or $1000 of a person’s monthly gross income, depending on which is less.Lender is not allowed to charge over $15.50 for every $100 with a yearly fee limited to just 99%.
Indiana$500 / 20you’re your monthly gross income depending on which is lessThe lender can charge 15% finance charge on $250. Loans over $250 but less than $400 have a 13% interest limit on the amount. On amounts ranging between $400 and $500 the financial charges are around 10%.
Iowa$500On the first $100 loan the lender cannot charge over $15 in fees. Then there is a $10 subsequent charge on every $100 increment. 14 day loans have to undergo a fee of up to around 16.67%.
Kansas$500Lenders can charge 15% on a cash loan. Another 15% can be charged in the way of finance fee. But not over 3% of the amount once it has matured.
Kentucky$500 charge applied to all payday loans.The total amount in proceeds received from a customer from all differed deposits cannot be over $500. Lenders are not allowed to charge over $15 as service fee for every $100. The additional finance fee cannot be over 17.65%.
Louisiana$350$5 is the originating fee. 16.75% or $45 depending on which is less is the annual charge on the loaned cash advance. There is a 36% annual interest limit. 25% is the finance fee which lenders cannot exceed.
MaineN/AFor loans under $250 the interest fee is limited to just $15 but up to around max $25 for larger amounts. The max is 30%.
MarylandN/ANo licensed check cashing company is allowed to indirectly or directly charge or even collect fees for a check cashing service on the basis of: 33% each year or just 2.75% depending on which is less.
MassachusettsN/ASmall Loan Rate Cap: 223% plus $20 administrative fee upon the granting of a loan.
Michigan$600A lender is allowed to charge a service fee for every deferred presentment service. This fee is not a part of the interest and lenders can charge both. The amount shouldn’t exceed 15% of the initial $100, 14% of a third $100 or around 12% on the forth, on the fifth 11%. A database verification fee is also allowed under the section 34(5)
Minnesota$350For a sum of up to and also including $50 there is a $5.50 charge added. Between $50 and $100 there is a 10% charge plus a $5 admin fee. Of amounts $100 to $250 there is a 7% charge and a $5 fee. Amounts of around $250 to $350 is charged 6% of the loan proceeds with a min admin fee of $5. The overall contract shouldn’t exceed 2.75% after its maturity.
Mississippi$400Lenders are not allowed to charge indirectly or direct a fee or some other consideration or their act of cashing deposit checks in excess of around 18%. Also 22% additional finance fee may be levied.
Missouri$500The borrower could be charged an interest fee on an amount which is not paid at the rate which was previously agreed by both parties. A customer is not required to pay an amount of accumulated interest and also fees in excess of 75%.
MontanaThe minimum loan amount is $50 but the loan cannot exceed $300A lender is not allowed to charge a fee for making a deferred deposit loan which exceeds 36% annually, which is inclusive of its insufficient funds fee.
Nebraska$500 for every payday loan at any time.The lender is allowed to charge an amount of $15 for every $100 and $17.65 per $100 for various services provided by the lender.
Nevadamonthly gross income of 25%Lender is not permitted to make a loan of deferred deposit over 25% of the expected gross of the customer’s monthly salary at the time of taking the loan.
New Hampshire$500A cash loan can only incur interest, charges or fees which are levied on the cash loans. The interest should not be in excess of 36% a year.
New MexicoA charge of 25% of the gross monthly income which includes fees.The law does change every now and then. Keep checking back to stay up to date.
New YorkN/ALenders are not allowed to charge over $16 for every $100 on the first principal balance.
North CarolinaN/AA check cashing company is not allowed to indirectly or directly charge and or collect fees for cashing check services on the basis of: 36% per year.
North Dakota$500A lender needs to charge a service fee but not over 20% of the total amount paid. An additional 20% can be charged as interest on the amount.
Ohio$500The interest is calculated according to the USC 1606 guidelines and will not exceed a 28% annual rate which is exclusive of its 1.08% fee.
Oklahoma$500Lenders can charge an interest fee but it shouldn’t exceed $15 for each $100 which is loaded which is equal or less than $300 and not be over $10 for each $100 for amounts over $300. An additional finance charge of $15 can also be charged for each $100.
OregonA 30% rate from gross monthly income.Lenders are not allowed to renew or issue a loan over the rate of 36% annually. This also excludes the registration fee required for new loans.
PennsylvaniaN/AGetting a payday cash loan in Pennsylvania can be difficult. Right now laws are geared towards destroying cash advance lenders.
Rhode IslandFor all payday loans $500 at any time.Lenders are not permitted to charge a check cashing fee over 15% of the loaned amount. Also additional interest cannot be over 15% of the amount.
South CarolinaFor all payday loans $500 at any time.Lenders are allowed to charge more fees in addition to their originating fees. The interest is also limited to 15% of the amount.
South Dakota$500There are no limits on the type and fee amount.
Tennessee$500 usually for a maximum of 3 payday loans at the same time.Lenders are allowed to charge $15 as interest for every $100 and the finance charge shouldn’t be over $17.65 for every $100.
TexasN/A$10 is the originating fee, $48 is the interest fee for every $100 plus there is $12 finance charges for every $100.
Vermont$500It shouldn’t be over 18% of the total year fees.
Virginia$500$5 is the verification fee, $36 is the interest fee for every $100, and an additional $20 finance charges for $100.
Washington$700 and It should be under 30% of the borrower’s gross income.Lenders are allowed to charge fees as the total amount over $15 for every $100 of the first $500, subsequently $10 for every $100 for amounts over $500. Plus $15 for services.
West VirginiaN/AThe law does change every now and then. Log back in to get the latest updates.
Wisconsin35% or $1500 of gross income every month depending on which is less.There are no fees amount limits.
WyomingN/AFinance charges should not be over $30 or even 20% of the monthly principal balance depending on which is larger.

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