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Kentucky Payday Loans up to $1K
Apply Online for Fast Payday Loans of Kentucky. Get quick cash with no credit check.
Quick cash up to $500! Anytime you need to get some money for any unexpected expenses in Kentucky, think about a short-term payday loan. It's unsecured, so you don't risk any of your property. And bad credit is not a problem, most lenders approve even subprime borrowers. You just need to be over 18 and have an active bank account. We can help you find the most suitable reliable direct lender with verified reviews and high approval rates. Kentucky state law allows to get up to 2 simultaneous loans with the rapayment period of minimum 14 - maximum 60 days. It means as you get your next paycheck the agreed amount will be automatically withdrawn from your bank account by the lender. Interested? Fill out our simple free compacom form and find out if you qualify for a loan!
Apply for Payday Loans in Kentucky from the Best Direct Lenders Online or find a Loan Store near your location.
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It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.
The minimal percentage allowed that actually represents monthly cost of your loan. The MPR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.
Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.
The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.
Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.
The percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.
Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.
Are Payday Loans Legal in Kentucky?
Loan Rates and Fees, Laws and Regulations in Kentucky.
In Kentucky maximum Payday cash advance is $500. Higher amounts are available if you take $1000 - $5000 Installment and $5000 - $35,000 Personal loans. Both short-term and long-term lending are legal in accordance with Kentucky Rev. Stat. Ann. §§ 286.9.010 et seq.1The term to pay off Payday loan is 14-60 days. The APR can’t exceed 459%. Plus you may be charged $1 database fee. It contains all information on payday lending transactions, which contributes to its regulation. A borrower can take two simultaneous loans. But in case you default one, you won’t be offered any rollovers or renewals and extension.
Law status | legal |
MIN Loan Amount | None |
MAX Loan Amount | $500 |
MIN. Loan Term | 14 days |
MAX. Loan Term | 60 days |
MAX APR | 459% |
Additional fees | 1$ database fee |
NSF fee | Only one for every defaulted loan |
Collateral or guarantor | None, unsecured |
Number of simultaneous loans | 2 |
Cooling off period | None |
Rollover | Not allowed |
Extension, repayment plan | Not allowed |
Default penalties | Criminal actions are prohibited |
Credit score requirements | Available for Bad Credit |
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Quick and Easy Payday Loans Online
Compare top online companies offering fast cash advance with no faxing, no paperwork, possibly no hard credit check and no teletrack. Filling out a free application form guarantees you instant decision and high approval chances even if you have a bad credit score.
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It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $35,000 for Personal loans. But it may vary depending on the lender and his requirements.
The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.
Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.
The minimal percentage allowed that actually represents the cost of your loan borrowed for a month. It's more significant criterion than APR as mostly Payday loans are borrowed for 14-30 days until the next paycheck.
Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.
PayDay Loan Calculator
Before you apply for a short-term cash advance consider other Payday Loan Alternatives
A warning about short-term payday loans
Applying for a short-term Payday Loan you should be very careful and responsible. Plan your budget carefully not to default the loan. Though an overpay may be only $1 a day for 100 dollar cash advance you must remember that not paying off the money on time may lead to additional penalty or NSF fees and high total cost.
So, before you make a final decision to apply for a Payday Loan consider other alternatives that may be helpful when you need urgent funds:
- Think of other more affordable types of loans with lower rates and fees and longer repayment terms such as Installment Loans and Personal Loans,;
- Consider Debt Consolidation Loans, Credit Builder Loans, Credit Cards;
- Try social services and local assistance programs;
- Look for additional part-time jobs or some side gigs and freelance opportunities;
- Start recycling for money;
- Address a person able to help you – employer, creditors, family and friends;
- Use traditional banks or credit unions to get cash.
And keep in mind that the most important thing about any loan, especially Payday Loan is to pay it off on time. It helps you avoid rollovers, renewals or extensions and increases your chances to get out of debt fats and easy.
Kentucky Payday Loans up to $500 for 14-60 days
Table of Contents:
Top Payday Loan Companies in Kentucky
Are Payday Loans Legal in Kentucky?
Payday Loan Interest Rates in Kentucky
Online Payday Loans lenders in Kentucky
Payday Loan Calculator in Kentucky
Payday Loan Requirements in Kentucky
How Payday Loans in Kentucky work
Online Payday Loans in Kentucky
Bad credit Payday Loans in Kentucky
Quick Unsecured Payday Loans in Kentucky
How much Payday Loans cost in Kentucky
Payday Loan from Direct Lenders in Kentucky
No credit check Payday Loans in Kentucky
Payday Loans near me in Kentucky
What are Kentucky Payday Loans?
Payday Loans Online Same Day in Kentucky
Kentucky Payday Loans laws and regulations
First of all, Payday Loans are legal in Kentucky according to the Kentucky Rev. Stat. Ann. § 286.9.010 et seq.
Its rules and regulations state:
- The maximum amount of $500.
- Two outstanding loans are allowed at a time but not exceeding $500.
- The APR shouldn't exceed 459%
- Maximum financial rates and fees are $15 per $100.
- The repayment term is 14 - 60 days.
- No rollovers, renewals or extensions are allowed.
- There is no cooling-off period.
- There are no prepayment penalties.
- A lender is not allowed to perform any criminal actions against a borrower.
Kentucky has a new database to track payday loans because of legislation supported by payday lenders in 2009. The industry supported the database to give consumers and policy-makers absolute confidence that payday lenders are following the law in Kentucky.
The database has prevented some people from borrowing more than the law allows, which means it is working. The first month the database went into effect, over 40 percent of loan applications were denied, and issued loans dropped 24 percent over the first six months.
If you want to file a report or complaint on Payday lenders in Kentucky, address the Kentucky Office of Financial Institutions, 1025 Capital Center Drive, Suite 200 Frankfort KY 40601, phone: (800) 223-2579, fax: (502) 573-8787, http://www.kfi.ky.gov/Pages/default.aspx.
Online Payday Loans in Kentucky
Any resident of Kentucky, "The Bluegrass State" whose name means "the land of tomorrow" has the right to live happily without any money problems in this "tomorrow". And we know how to help you offering quick Payday Loans Kentucky with affordable repayment.
Any resident of Kentucky can apply for a Payday Loan both online and in-store. But, of course, online lending is becoming more and more popular as it has plenty of advantages:
- it gives you a chance to compare a lot of different offers at once,
- you can avoid driving, doing paperwork and waiting in lines,
- applying is free and simple,
- you have very high chances of approval even with a bad credit score,
- you can find some lenders ready to give you the loan with no credit check,
- it's available 24 / 7.
The process of applying online is quick and simple:
you compare the lenders and choose the one with the best rates and fees;
you fill out the necessary information in the application form
you get the money deposited into your account within 1 business day
you pay off the loan with your next paycheck
Start with the first step - compare the top-rated Payday Lenders online.
Bad credit Payday Loans in Kentucky
Bad credit payday loan is the type of credit given to borrowers with a FICO score below 640. You usually need at least 600 to qualify for such a loan. To get the money you may turn to credit unions, family, friends, peer-to-peer lending platforms or use online lending service. When choosing an online lender for a bad credit loan, there are important features to take into account. You can find all these important criteria on COMPACOM.com website, which gives you a unique opportunity to compare companies. Pay attention to:
- Type of lending company
- Credit history and general qualifications
- Co-signer option
- Additional eligibility qualifications
- Employment requirements
- Interest rates and types
- Loan terms
- Fees and penalties
- Repayment options
The types of loans available for bad credit applicants are Payday Loans, Bad Credit Personal Loans and Bad Credit Installment Loans. They typically have higher interest rates and shorter terms than loans offered to people with good credit. You are most likely to get a Payday cash advance as its amount is not very high, $100 - $1000, and the APR on the contrary may exceed 400%. This fact shouldn’t frighten you as due to short (14 - 30 days) term the overpay could be only $1 a day.
Quick Payday Loans in Kentucky
Payday Loans are considered to be fast because:
- it takes only some minutes to apply
- you get an instant decision
- the money is deposited into your bank account within a day, or sometimes - an hour.
If you really badly need money fast consider applying in-store. Check cashers may give you the cash at once.
The main reasons to apply for a Payday Loan in Kentucky are:
- You get the funds fast. Banks take a while to qualify you for a loan. Direct lenders usually guarantee instant approval.
- You can spend the money on any personal needs you have.
- It's possible to find a lender ready to approve you with no credit check.
- If you have bad credit score and can't get a loan from banks and other traditional financial institutions, you can always find a direct lender ready to help you.
- The requirements for a Payday Loan are very simple.
Short-term loans calculator: rates and fees in Kentucky
The total cost of any loan consists of the principal, interest and additional fees. The maximum fee charged on a payday loan in Kansas is variable depending on the loan amount and the lender. Besides, you may be charged a verification fee. Direct lenders are prohibited to charge more than $15 per $100 Payday loan in Iowa. The max APR is 459%.
For example, a 14-day $100 loan will cost $17.65. Besides, there may be a non-sufficient funds fee for a loan if you can't afford to pay it off on time. No criminal actions against borrowers are allowed.
Or you can find out how much the necessary amount Payday Loan will cost you may use our calculator.
Payday Loans Direct Lenders in Kentucky.
First of all, before choosing a lender do some research, don't apply with the first company you see, be responsible as it can influence your future financial wellness.
- Surf the Internet;
- Use some comparing services such as compacom.com;
- Read the customers' reviews, etc.
Before signing an agreement get familiar with the laws and regulations concerning Payday lenders in Kentucky. Both online and in-store direct Payday lenders must:
- be licensed and follow the rules set by the state;
- include the most relevant information on the first page of your contract: the amount of the loan, the terms of the loan, the cost of the loan;
- never ask for or accept payment by automatic deduction from your paycheck (assignment of wages)
- explain the cost of a payday loan and its possible consequences.
When you do sign an agreement with the lender you've chosen don't forget what the Kentucky law says about it:
- the agreement must contain the name and address of the lender and his office, the name of the lender's representative who signed the agreement, a clear description of the agreement including the date of the loan, the amount, the loan term, and the transaction number.
- there mustn't be any prepayment fees,
- no additional guarantor can be required,
- the money should be provided in the form of cash, other forms are allowed only with the borrower's agreement,
- a borrower should get the copy of this agreement
No credit check Payday Loans in Kentucky
To find the lender ready to approve you for a Payday Loan without credit check is hard but possible. But you must understand that the fees for such cash advance may be higher than usual as it's riskier for the lender. So consider getting a loan with at least a soft credit check. It'll make the process safer for both you and the lending company and the loan will be cheaper. Still, it won't damage your credit history.
Payday Loans near me in Kentucky
If you are searching for Payday Loans near you in Kentucky, you're likely to need store locations with address and so on. It may be a good idea if you borrow money for the first time and require a personal assistant's help or if you want to get the cash advance as fast as possible, same day. But in other cases, there's nothing more convenient than applying for a Payday Laon online filling out a simple loan request. Thus you get an opportunity to compare various lenders, choose the most suitable offers with the lowest rates, and save time and energy. Besides, online Payday Loans are highly available even for bad credit borrowers in Kentucky. Some direct lenders offer No credit check loans, and practically no one requires a collateral.
If you're still looking for locations of Payday Loan stores in Kentucky in your city, use our Payday Loan store locator. Find the addresses, directions, phone numbers and other relevant information which will help you find the cash advance faster and easier.
FAQ.
Requirements to qualify for a Payday Loan in Kentucky:
What do I need to qualify for a short-term cash advance?
Independent lenders have their own individual requirements that must be met, but typical minimum requirements include, but may not be limited to:
- Kentucky (US) residence
- Minimum regular income of $1,000 per month
- Valid checking or savings account with direct deposit
- Phone number and e-mail address (if applying online, you must be able to be contacted via phone if verification of application information is necessary)
- Not be a regular or reserve member of the Air Force, Army, Coast Guard, Marine Corps or Navy (or be a dependent of someone who is,) serving on active duty under a call or order that does not specify a period of 30 days or fewer.
- If applying Online, you must provide a valid Social Security Number
- If applying at Loan Store, you must bring a valid government issued photo ID. A Social Security Number might not be required
- If applying in-store, you must bring proof of income and proof of a bank checking account. Debit cards or pre-printed checks may be accepted in your state as proof of bank checking account; contact your local store for details. Acceptable documents may vary by state.
References
1. http://paydayloanlegislation.com/kentucky.html
2. http://www.ustatesloans.org/state-ky.html
3. https://www.pantalassaloan.com/kentucky-payday-loan-laws.html
4. http://kyjustice.org/node/1262
5. http://kfi.ky.gov/industry/Pages/checkcasher.aspx
6. https://www.kentucky.com/opinion/op-ed/article44144784.html
What are Payday Loans in Kentucky?
All you need to know about Payday Loans Kentucky
Payday loans, or as they are also called “small dollar”, “bad credit”, “same day”, “short term”, “cash advance” are a kind of easy quick unsecured $100 - $1000 cash advance paid off with your next paycheck in 14 – 30 days. As soon as you are approved you are likely to get the money in your account in 24 hours or even the same day. Bad credit is not a problem to receive the necessary funds. Most direct lender Payday Loans are granted to any borrower with a steady income.
So, the main characteristics of Payday Loans are:
- $100 - $1000 average loan amount;
- 14-30 days repayment term;
- money in your account in 24 hours or even the same day;
- available even for bad credit;
More than 12 mln Americans use cash advance every year.
It’s legal in 36 states (with some restrictions in 9 of them) and prohibited in the other 14 and the District of Columbia.
You can take a Payday loan in storefronts, online and even in a few banks in Kentucky. It’s very simple to apply for it:
- just fill out a form with the state and e-mail address,
- if you are over 18, have a permanent job, income and a valid bank account, you have 98% chance to get instant approval from a direct lender;
- receive the money in your bank account less than 24 hours.
Payday loans are very attractive for the majority of borrowers because you don’t need any guarantor or collateral, and you can get it even with a bad or poor FICO score.
On the other hand, they are notorious for charging too high APR and leading to a continuous debt trap, but it’s a common myth. To debunk it we provide you with the cost of $100 Payday Loan at 400% APR for 14 days which is only $1 a day. You can calculate the cost of your loan free using our Payday Loan Calculator. Try Payday cash advance and make sure that it’s really as easy as ABC: Affordable, Beneficial, Convenient!
Same Day Payday Loans in Kentucky
Payday loans are known to be short-term small-dollar cash advance, starting minimum with $100 and up to $1,000. Applying is easy and quick especially if you apply for a Payday Loan online. The funds can be deposited into your bank account the next business day if you borrow from online direct lenders. If you drive to a store near you in it’s possible to get a Payday Loan with the same day deposit.
Read more: Same Day Payday Loans
Guaranteed Payday Loans from direct lenders in Kentucky
Many Kentucky lenders promise you a guaranteed instant approval for a Payday Loan. But be careful, take into account all the risks concerning short-term cash advance. You should understand that not all the borrowers can be approved. Though Kentucky Payday Loans are really highly available, even for bad credit and with NO credit check sometimes, lenders can’t guarantee 100% approval. If you have no job, very low income, or many debts in the past, your chances to get the money are very low.
The truth is you do get an instant decision from a lender. Especially if you fill out our online application form you save plenty of time and energy and make lending procedure much faster and easier. It takes only several minutes to match you with the necessary lender and get his reply. That’s why Payday Loans are rightly considered the fastest and the easiest.
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Any comments or reviews made on this website are only individual opinions of the readers and followers of the website. The website and its authors team are not responsible, nor will be held liable, for anything anyone says or writes in the comments. Further, the author is not liable for its’ readers’ statements nor the laws which they may break in the USA or their state through their comments’ content, implication, and intent.